Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0283%/8h= +31.0% APRpaid last 24h +0.097%

Price spread now: tradeXYZ against Phemex+0.239%7-day average +0.020% · you sell dearer than you buy

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

Long on Phemex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.890%+$89 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.239%, 7d avg +0.020%

Together, before fees+0.810%+ Points / potential airdroptradeXYZ: Active · farm board+$81 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and tradeXYZ is 0.219% dearer against Phemex than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BMNRUSDT	27.980	0	get 0.0000% / 8h	6h 05m	$1.6M	$1.4M	10x
Short	tradeXYZ xyz:BMNR	28.047	0.0283	get 0.0035% / 1h	5m 13s	$1.0M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.239%Rate

Funding earned: $59.4
Price spread: +0.239% → +0.020%: $21.94
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $51.34
Costs to cover: 0.300%
Break-even: 0.9 days

Slippage unknown: Phemex: live order book, 1 min ago; tradeXYZ: live order book, 5 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 Phemex live order book, 1 min ago	1.78 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.54 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

BMNR on 20 exchanges

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
Aster BMNRUSDT	0.0000%	8h	28.006	+0.093%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.981	+0.004%	$39K	$373K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.990	+0.036%	$21.6M	$45.3M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.031	+0.182%	$3.3M	$1.7M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.010	+0.107%	$3.6M	$2.9M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.030	+0.179%	$4.1M	$7.6M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.057	+0.275%	$1.9M	$1.2M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	27.978	−0.006%	$216K	$464K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.930	−0.179%	$5K	$166K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	28.004	+0.086%	$958	$640K	10x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.957	−0.082%	$6K	$40K	20x	as long as short
Phemex BMNRUSDTlong	0.0000%	8h	27.980	long leg	$1.6M	$1.4M	10x
QFEX BMNR-USD	+0.0005%	1h	27.990	+0.036%	$1.2M	$956K	10x	as long as short
BloFin BMNR-USDT	+0.0015%	8h	28.030	+0.179%	$216K	$63K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.979	−0.004%	$352K	$58K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.010	+0.107%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.030	+0.179%	$36K	$10K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.020	+0.143%	$683K	$756K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.930	−0.179%	$24K	$23K	50x	as long as short
tradeXYZ xyz:BMNRshort	+0.0283%	1h	28.047	+0.239%	$1.0M	$1.5M	10x