Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.005%

Price spread now: BloFin against Ondo Perps+0.144%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 BloFin

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. BloFin is 0.144% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.144% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BMNR-USD.P	27.850	0.0050	pay 0.0006% / 1h	30m 36s	$36K	$16K	5x
Short	BloFin BMNR-USDT	27.890	0.0024	get 0.0024% / 8h	5h 30m	$210K	$61K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.144%Rate

Funding earned: −$5.45
Price spread: +0.144% → 0.000%: $14.36
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$8.09
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 7 min ago. 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 BloFin live order book, 7 min ago	5.39 bp	11.4 bp −$11	19.2 bp −$192	80.5 bp −$8,051	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 BMNRUSDT	−0.0765%	8h	27.918	+0.244%	$2.0M	$938K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.886	+0.131%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.892	+0.150%	$53K	$632K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.900	+0.180%	$22.2M	$52.8M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.890	+0.144%	$3.3M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.920	+0.251%	$3.6M	$4.3M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.900	+0.180%	$4.2M	$9.5M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.899	+0.177%	$318K	$497K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.866	+0.057%	$5K	$176K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.899	+0.176%	$1K	$891K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.930	+0.287%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.910	+0.215%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.900	+0.180%	$1.2M	$1.2M	10x	as long as short
BloFin BMNR-USDTshort	+0.0024%	8h	27.890	+0.144%	$210K	$61K	20x
Lighter BMNR	+0.0032%	1h	27.907	+0.205%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.860	+0.036%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.887	+0.133%	$928K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	27.850	long leg	$36K	$16K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.870	+0.072%	$681K	$802K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.830	−0.072%	$24K	$29K	50x	as long as short