Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: Bybit against SunX−0.025%56s7-day average +0.016% · you buy dearer than you sell

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 3 days (all we have)+0.294%+$29 · spread now −0.025%, 7d avg +0.016%

Together, before fees+0.429%+$43 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: Bybit is 0.040% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 56 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	SunX BMNR-USDT	28.424	0	get 0.0000% / 8h	2h 22m	$1K	$1.0M	10x
Short	Bybit BMNRUSDT	28.417	0	get 0.0000% / 8h	2h 22m	$3.4M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.016%: −$4.04
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$23.04
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, just now; Bybit: 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 SunX live order book, just now	500.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.64 bp	44.3 bp −$44	148.0 bp −$1,480	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
BloFin BMNR-USDT	−0.0012%	8h	28.420	−0.014%	$213K	$59K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.420	−0.014%	$54K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.407	−0.060%	$40K	$462K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.416	−0.029%	$22.5M	$55.3M	25x	as long as short
Bybit BMNRUSDTshort	0.0000%	8h	28.417	−0.025%	$3.4M	$2.0M	25x
OKX BMNR-USDT-SWAP	0.0000%	8h	28.430	+0.021%	$3.7M	$6.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.430	+0.021%	$3.8M	$10.5M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.446	+0.077%	$2.0M	$1.2M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.404	−0.070%	$292K	$447K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.391	−0.117%	$6K	$199K	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-USDTlong	0.0000%	8h	28.424	long leg	$1K	$1.0M	10x
HTX BMNR-USDT	0.0000%	8h	28.372	−0.183%	$6K	$39K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.430	+0.021%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0011%	1h	28.430	+0.021%	$1.2M	$1.7M	10x	as long as short
Lighter BMNR	+0.0032%	1h	28.437	+0.046%	$338K	$25K	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.410	−0.049%	$37K	$34K	5x	as long as short
tradeXYZ xyz:BMNR	+0.0072%	1h	28.412	−0.042%	$988K	$1.5M	10x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.390	−0.120%	$709K	$755K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.380	−0.155%	$25K	$172K	50x	as long as short
Vest BMNR-USD-PERP	+0.0117%	1h	28.500	+0.267%	—	$8K	25x	as long as short