Funding arb · Price arb /

BMNR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against SunX+0.022%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Ondo Perps

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.022% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BMNR-USDT	27.534	0	get 0.0000% / 8h	7h 31m	$1K	$782K	10x
Short	Ondo Perps BMNR-USD.P	27.540	0.0050	get 0.0006% / 1h	31m 21s	$36K	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.022%Rate

Funding earned: $10.58
Price spread: +0.022% → 0.000%: $2.18
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$0.24
Costs to cover: 0.130%
Break-even: 7.2 days

Slippage unknown: SunX: live order book, 21 min ago; Ondo Perps: no order-book sample. 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, 21 min ago	500.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	−0.0264%	8h	27.463	−0.258%	$1.8M	$1.3M	20x	as long as short
tradeXYZ xyz:BMNR	−0.0059%	1h	27.445	−0.323%	$760K	$1.5M	10x	as long as short
BloFin BMNR-USDT	−0.0018%	8h	27.580	+0.167%	$209K	$62K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.489	−0.163%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.467	−0.245%	$59K	$360K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.475	−0.216%	$21.4M	$50.1M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.449	−0.309%	$3.2M	$1.8M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.480	−0.196%	$3.5M	$3.8M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.490	−0.160%	$4.1M	$8.0M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.600	+0.241%	$213K	$607K	—	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	27.570	+0.129%	$5K	$178K	10x	as long as short
SunX BMNR-USDTlong	0.0000%	8h	27.534	long leg	$1K	$782K	10x
HTX BMNR-USDT	0.0000%	8h	27.568	+0.123%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.460	−0.269%	$1.6M	$1.4M	10x	as long as short
QFEX BMNR-USD	+0.0010%	1h	27.520	−0.051%	$1.2M	$994K	10x	as long as short
Vest BMNR-USD-PERP	+0.0016%	1h	27.470	−0.232%	—	$36K	25x	as long as short
Lighter BMNR	+0.0032%	1h	27.510	−0.087%	$343K	$53K	10x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	27.540	+0.022%	$36K	$11K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.470	−0.232%	$669K	$714K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.540	+0.022%	$24K	$23K	50x	as long as short