Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.049%

Price spread now: OKX against Phemex+0.146%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1431.427% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.306%+$31 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.146%, 7d avg +0.049%

Together, before fees+0.322%+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.097% dearer against Phemex than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BMNRUSDT	27.480	0	get 0.0000% / 8h	1h 27m	$1.6M	$1.5M	10x
Short	OKX BMNR-USDT-SWAP	27.520	0	get 0.0000% / 8h	1h 27m	$3.5M	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Phemex. 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 PhemexbpFee OKXbpOrdersPrice spread, now +0.146%Rate

Funding earned: $0
Price spread: +0.146% → +0.049%: $9.65
Slippage, 4 orders: −$120.74
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$133.08
Costs to cover: 1.427%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; OKX: live order book, 5 min ago.

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 Phemex live order book, 5 min ago	1.82 bp	54.4 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.82 bp	16.9 bp −$17	57.1 bp −$571	doesn't fit	doesn't fit

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	−0.0807%	8h	27.529	+0.178%	$1.8M	$1.3M	20x	as long as short
Vest BMNR-USD-PERP	−0.0005%	1h	27.430	−0.182%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.495	+0.056%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.479	−0.002%	$61K	$345K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.507	+0.098%	$21.6M	$52.6M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.516	+0.131%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAPshort	0.0000%	8h	27.520	+0.146%	$3.5M	$4.2M	20x
Gate BMNR_USDT	0.0000%	8h	27.500	+0.073%	$4.1M	$8.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.470	−0.036%	$213K	$616K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.467	−0.047%	$6K	$188K	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	27.503	+0.084%	$1K	$851K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.486	+0.022%	$6K	$40K	20x	as long as short
Phemex BMNRUSDTlong	0.0000%	8h	27.480	long leg	$1.6M	$1.5M	10x
BloFin BMNR-USDT	+0.0010%	8h	27.470	−0.036%	$207K	$51K	20x	as long as short
QFEX BMNR-USD	+0.0019%	1h	27.470	−0.036%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.504	+0.087%	$344K	$52K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.490	+0.036%	$902K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.440	−0.146%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.490	+0.036%	$672K	$725K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.450	−0.109%	$24K	$29K	50x	as long as short