Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.017%

Price spread now: GRVT against Vest+0.031%7-day average — · you sell dearer than you buy

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

Long on Vest Short on GRVT

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 airdropVest: Active · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.031% dearer against Vest than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BMNR-USD-PERP	27.790	0.0044	pay 0.0006% / 1h	46m 42s	—	$36K	25x
Short	GRVT BMNR_USDT_Perp	27.799	0	get 0.0000% / 8h	3h 46m	$5K	$185K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Vest. 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 VestbpFee GRVTbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$9.27
Price spread: +0.031% → 0.000%: $3.14
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$17.14
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; GRVT: 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 Vest no order-book sample	—	—	—	—	—
Sell GRVT live order book, 1 min ago	5.39 bp	14.0 bp −$14	62.3 bp −$623	doesn't fit	doesn't fit

Vest: 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	−0.0618%	8h	27.825	+0.126%	$1.9M	$921K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.817	+0.096%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.806	+0.056%	$52K	$619K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.810	+0.072%	$22.0M	$52.2M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.802	+0.043%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.820	+0.108%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.810	+0.072%	$4.2M	$9.0M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.820	+0.108%	$324K	$504K	—	as long as short
GRVT BMNR_USDT_Perpshort	0.0000%	8h	27.799	+0.031%	$5K	$185K	10x
SunX BMNR-USDT	0.0000%	8h	27.819	+0.104%	$1K	$872K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.842	+0.187%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.790	0.000%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0011%	8h	27.830	+0.144%	$209K	$52K	20x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.810	+0.072%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.834	+0.158%	$350K	$52K	10x	as long as short
Vest BMNR-USD-PERPlong	+0.0044%	1h	27.790	long leg	—	$36K	25x
tradeXYZ xyz:BMNR	+0.0050%	1h	27.801	+0.040%	$916K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.770	−0.072%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.810	+0.072%	$679K	$765K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.770	−0.072%	$24K	$29K	50x	as long as short