Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.034%

Price spread now: OKX against Ondo Perps+0.145%48s7-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 OKX

What this pair did over the last

the charts below follow

Funding, last 6 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. OKX is 0.145% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.145% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.6 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BMNR-USD.P	27.510	0.0050	pay 0.0006% / 1h	23m 51s	$36K	$15K	5x
Short	OKX BMNR-USDT-SWAP	27.550	0	get 0.0000% / 8h	1h 23m	$3.5M	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$10.58
Price spread: +0.145% → 0.000%: $14.54
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$11.04
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	1.82 bp	17.3 bp −$17	67.5 bp −$675	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 BMNRUSDT	−0.0792%	8h	27.553	+0.156%	$1.8M	$1.3M	20x	as long as short
BloFin BMNR-USDT	−0.0027%	8h	27.500	−0.036%	$206K	$51K	20x	as long as short
Vest BMNR-USD-PERP	−0.0002%	1h	27.510	0.000%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.516	+0.021%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.530	+0.072%	$58K	$348K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.538	+0.103%	$21.6M	$52.6M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.542	+0.116%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAPshort	0.0000%	8h	27.550	+0.145%	$3.5M	$4.2M	20x
Gate BMNR_USDT	0.0000%	8h	27.540	+0.109%	$4.1M	$8.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.540	+0.110%	$213K	$616K	—	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_Perp	0.0000%	8h	27.510	−0.001%	$5K	$189K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.561	+0.185%	$1K	$849K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.517	+0.025%	$6K	$39K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.540	+0.109%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0019%	1h	27.540	+0.109%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.534	+0.087%	$344K	$52K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.521	+0.040%	$885K	$1.6M	10x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	27.510	long leg	$36K	$15K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.520	+0.036%	$672K	$723K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.490	−0.073%	$24K	$29K	50x	as long as short