Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.128%

Price spread now: Binance against tradeXYZ−0.071%7-day average +0.039% · you buy dearer than you sell

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

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.504%−$50 on $10k

Price spread, last 7 days+0.082%+$8 · spread now −0.071%, 7d avg +0.039%

Together, before fees−0.422%+ Points / potential airdroptradeXYZ: Active · farm board−$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.109% cheaper against tradeXYZ than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BMNR	27.585	0.0050	pay 0.0006% / 1h	45m 09s	$908K	$1.5M	10x
Short	Binance BMNRUSDT	27.566	0	get 0.0000% / 8h	2h 45m	$21.7M	$52.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now −0.071%Rate

Funding earned: −$10.5
Price spread: −0.071% → +0.039%: −$10.92
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$49.42
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 2 min ago; Binance: live order book, 12 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 tradeXYZ live order book, 2 min ago	0.54 bp	17.1 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.81 bp	8.7 bp −$9	21.7 bp −$217	97.1 bp −$9,713	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	−0.0731%	8h	27.612	+0.098%	$1.9M	$947K	20x	as long as short
BloFin BMNR-USDT	−0.0009%	8h	27.590	+0.018%	$208K	$52K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.580	−0.017%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.571	−0.051%	$57K	$493K	10x	as long as short
Binance BMNRUSDTshort	0.0000%	8h	27.566	−0.071%	$21.7M	$52.4M	25x
Bybit BMNRUSDT	0.0000%	8h	27.568	−0.062%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.600	+0.054%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.590	+0.018%	$4.1M	$8.9M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.560	−0.090%	$275K	$535K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.580	−0.017%	$5K	$189K	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	27.581	−0.015%	$902	$867K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.550	−0.127%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.570	−0.054%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0013%	1h	27.580	−0.018%	$1.2M	$1.1M	10x	as long as short
Vest BMNR-USD-PERP	+0.0020%	1h	27.540	−0.163%	—	$36K	25x	as long as short
Lighter BMNR	+0.0032%	1h	27.557	−0.102%	$347K	$52K	10x	as long as short
tradeXYZ xyz:BMNRlong	+0.0050%	1h	27.585	long leg	$908K	$1.5M	10x
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.600	+0.054%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.580	−0.018%	$674K	$747K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.570	−0.054%	$24K	$29K	50x	as long as short