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 0.000%

Price spread now: GRVT against SunX+0.129%46s7-day average +0.054% · you sell dearer than you buy

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

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.129%, 7d avg +0.054%

Together, before fees+0.084%+ Points / potential airdropGRVT: Active · farm board+$8 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: GRVT is 0.074% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.054%. The two prices were read 46 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	28.004	0	get 0.0000% / 8h	6h 21m	$1K	$930K	10x
Short	GRVT BMNR_USDT_Perp	28.040	0	get 0.0000% / 8h	6h 21m	$5K	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.129%Rate

Funding earned: $0
Price spread: +0.129% → +0.054%: $7.44
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$9.56
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 31 min ago; GRVT: live order book, 41 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, 31 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 41 min ago	7.10 bp	12.9 bp −$13	36.2 bp −$362	doesn't fit	doesn't fit

BMNR on 19 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	−0.0419%	8h	28.024	+0.071%	$2.0M	$967K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.983	−0.076%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.979	−0.089%	$54K	$635K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.982	−0.080%	$22.3M	$53.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.990	−0.050%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.010	+0.021%	$3.6M	$4.5M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.000	−0.014%	$4.2M	$9.7M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	28.060	+0.201%	$313K	$491K	—	as long as short
GRVT BMNR_USDT_Perpshort	0.0000%	8h	28.040	+0.129%	$5K	$179K	10x
SunX BMNR-USDTlong	0.0000%	8h	28.004	long leg	$1K	$930K	10x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	28.056	+0.186%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.010	+0.021%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0002%	1h	27.980	−0.086%	$1.2M	$1.3M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.999	−0.018%	$352K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.980	−0.086%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.000	−0.014%	$36K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.980	−0.086%	$684K	$808K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.020	+0.057%	$25K	$39K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0231%	1h	27.988	−0.057%	$944K	$1.5M	10x	as long as short