BMNR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniBMNR	26.460	+0.0752	pay 0.0752% / 8h	1h 45m	$130K	$105K	20x	Long Variational Omni+15% pts
SHORT	BingXNCSKBMNR2USD-USDT	26.490	+0.0781	get 0.0781% / 8h	1h 45m	$901K	$1.3M	—	Short BingX

Price gap+0.114%

Funding gap+0.0029% /8h

Both sides work: funding pays +$1 a day on $10k, and the gap is 0.082% above its 7d average: +$8 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$20+0.0029% /8h now · paid +0.202% over the last 7D

Price+$8spread +0.114% now, avg +0.032% → +0.082% if it goes back

Costs−$670.671% of $10k · taker + slippage, in and out

Result−$39−0.39%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.114%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

BMNR on 21 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Watch: Thin at this size26.8 / 12.4 bp
At $10k entering Variational Omni costs 26.8 bp, fee and slippage, 2.2× BingX’s.
Note: Margin at max leverage$500 + —
Variational Omni 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$0.86Long Variational Omni: 3 payments, −$22.57; short BingX: 3 payments, +$23.43.
OK: Entry gap works for you+0.114% vs +0.032%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$130K vs $901K OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCVariational Omni No · BingX Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0096%/8h × 21 periods+$20.15

Price spread+0.114% → +0.032% (7d avg)+$8.22

Slippage, 4 orderslive order books−$57.08

Fee Variational Omni bp × 2 orders$0.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$38.70

Costs to cover0.671%Break-even20.4 days

Slippage: Variational Omni: RFQ quote, 55 min ago; BingX: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni4.8526.8 bp−$2746.5 bp−$465doesn’t fitdoesn’t fit

SELL · SHORTBingX5.6612.4 bp−$1226.9 bp−$26987.5 bp−$8,747676.6 bp−$338.3K

Closing costs about the same again.