Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0758%/8h= −83.0% APRpaid last 24h −0.015%

Price spread now: Bitget against Ondo Perps+0.079%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.079% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BMNR-USD.P	27.710	0.0050	pay 0.0006% / 1h	41m 39s	$36K	$15K	5x
Short	Bitget BMNRUSDT	27.732	−0.0708	pay 0.0708% / 8h	4h 41m	$1.9M	$936K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee BitgetbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$159.26
Price spread: +0.079% → 0.000%: $7.94
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$168.32
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Ondo Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, just now	2.89 bp	72.4 bp −$72	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BMNR on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BMNRUSDTshort	−0.0708%	8h	27.732	+0.079%	$1.9M	$936K	20x
BloFin BMNR-USDT	−0.0025%	8h	27.730	+0.072%	$210K	$52K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.699	−0.041%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.700	−0.034%	$53K	$630K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.710	+0.001%	$22.0M	$52.8M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.701	−0.032%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.720	+0.036%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.720	+0.036%	$4.2M	$9.2M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.735	+0.090%	$323K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.757	+0.170%	$6K	$180K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	27.739	+0.105%	$1K	$888K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.754	+0.159%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.710	0.000%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0018%	1h	27.720	+0.036%	$1.2M	$1.2M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.713	+0.011%	$349K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.690	−0.072%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.685	−0.090%	$913K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	27.710	long leg	$36K	$15K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.700	−0.036%	$677K	$783K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.730	+0.072%	$24K	$29K	50x	as long as short