Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.002%

Price spread now: Ondo Perps against Variational Omni+0.090%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Ondo 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 0.090% dearer against Variational Omni than usual: you sell high and buy low: +$9 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	Variational Omni BMNR	28.345	0	get 0.0000% / 8h	2h 08m	$309K	$464K	—
Short	Ondo Perps BMNR-USD.P	28.370	0.0050	get 0.0006% / 1h	8m 23s	$37K	$34K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Variational Omni. 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 Variational OmnibpFee Ondo PerpsbpOrdersPrice spread, now +0.090%Rate

Funding earned: $10.58
Price spread: +0.090% → 0.000%: $8.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $14.55
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 16 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 Variational Omni RFQ quote, 16 min ago	4.64 bp	doesn't fit	53.1 bp −$531	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
BloFin BMNR-USDT	−0.0018%	8h	28.320	−0.087%	$213K	$59K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.368	+0.081%	$53K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.357	+0.044%	$40K	$462K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.360	+0.054%	$22.5M	$55.4M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.362	+0.061%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.370	+0.090%	$3.6M	$6.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.360	+0.054%	$3.8M	$10.5M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.372	+0.097%	$2.0M	$1.2M	20x	as long as short
Variational Omni BMNRlong	0.0000%	8h	28.345	long leg	$309K	$464K	—
GRVT BMNR_USDT_Perp	0.0000%	8h	28.357	+0.043%	$5K	$198K	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	28.347	+0.009%	$1K	$1.0M	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.353	+0.030%	$6K	$39K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.340	−0.016%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0011%	1h	28.330	−0.051%	$1.2M	$1.8M	10x	as long as short
Lighter BMNR	+0.0032%	1h	28.383	+0.136%	$337K	$25K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	28.355	+0.037%	$951K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	28.370	+0.090%	$37K	$34K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	28.350	+0.019%	$707K	$757K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.370	+0.090%	$25K	$171K	50x	as long as short
Vest BMNR-USD-PERP	+0.0107%	1h	28.380	+0.125%	—	$36K	25x	as long as short