Funding arb · Price arb /

BMNR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Gate against Variational Omni+0.250%7-day average −0.026% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−1.086%−$109 · spread now +0.250%, 7d avg −0.026%

Together, before fees−1.159%+ Points / potential airdropVariational Omni: Active · farm board−$116 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: Gate is 0.276% dearer against Variational Omni than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BMNR	27.491	0	get 0.0000% / 8h	7h 57m	$213K	$607K	—
Short	Gate BMNR_USDT	27.560	0	get 0.0000% / 8h	7h 57m	$4.1M	$7.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee GatebpOrdersPrice spread, now +0.250%Rate

Funding earned: $0
Price spread: +0.250% → −0.026%: $27.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $12.55
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 41 min ago; Gate: live order book, 1 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 Variational Omni RFQ quote, 41 min ago	7.68 bp	doesn't fit	34.2 bp −$342	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.44 bp	17.4 bp −$17	55.9 bp −$559	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
Bitget BMNRUSDT	−0.0395%	8h	27.587	+0.348%	$1.9M	$1.3M	20x	as long as short
tradeXYZ xyz:BMNR	−0.0250%	1h	27.560	+0.250%	$763K	$1.5M	10x	as long as short
BloFin BMNR-USDT	−0.0002%	8h	27.510	+0.068%	$208K	$62K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.550	+0.214%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.565	+0.269%	$57K	$359K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.572	+0.293%	$21.6M	$50.8M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.570	+0.286%	$3.2M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.580	+0.323%	$3.5M	$3.8M	20x	as long as short
Gate BMNR_USDTshort	0.0000%	8h	27.560	+0.250%	$4.1M	$7.9M	50x
Variational Omni BMNRlong	0.0000%	8h	27.491	long leg	$213K	$607K	—

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	27.499	+0.030%	$6K	$182K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.538	+0.170%	$1K	$799K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.564	+0.264%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.550	+0.214%	$1.6M	$1.4M	10x	as long as short
Vest BMNR-USD-PERP	+0.0003%	1h	27.530	+0.141%	—	$36K	25x	as long as short
QFEX BMNR-USD	+0.0010%	1h	27.580	+0.323%	$1.2M	$1.0M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.584	+0.337%	$344K	$53K	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.520	+0.104%	$36K	$14K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.620	+0.468%	$673K	$703K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.490	−0.005%	$24K	$23K	50x	as long as short