Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: GRVT against Ondo Perps+0.238%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 GRVT

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 · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.238% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.238% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BMNR-USD.P	28.280	0.0050	pay 0.0006% / 1h	5m 29s	$37K	$16K	5x
Short	GRVT BMNR_USDT_Perp	28.347	0	get 0.0000% / 8h	7h 05m	$6K	$180K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.238%Rate

Funding earned: −$10.58
Price spread: +0.238% → 0.000%: $23.82
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$0.77
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 62 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 GRVT live order book, 62 min ago	5.27 bp	10.4 bp −$10	32.7 bp −$327	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
BloFin BMNR-USDT	−0.0026%	8h	28.320	+0.141%	$213K	$57K	20x	as long as short
QFEX BMNR-USD	−0.0001%	1h	28.280	0.000%	$1.2M	$1.5M	10x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.319	+0.137%	$53K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.273	−0.026%	$39K	$597K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.282	+0.006%	$22.3M	$52.8M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.292	+0.042%	$3.4M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.300	+0.071%	$3.6M	$4.9M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.300	+0.071%	$4.2M	$10.1M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.326	+0.163%	$2.0M	$990K	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.280	−0.001%	$316K	$492K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BMNR_USDT_Perpshort	0.0000%	8h	28.347	+0.238%	$6K	$180K	10x
SunX BMNR-USDT	0.0000%	8h	28.301	+0.074%	$1K	$948K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.326	+0.163%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.300	+0.071%	$1.6M	$1.5M	10x	as long as short
Lighter BMNR	+0.0032%	1h	28.302	+0.078%	$356K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.300	+0.071%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	28.280	long leg	$37K	$16K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	28.300	+0.071%	$698K	$770K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.360	+0.283%	$25K	$45K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0390%	1h	28.302	+0.078%	$962K	$1.5M	10x	as long as short