Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Bybit against Binance+0.014%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$690.693% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 7 days−0.026%−$3 · spread now +0.014%, 7d avg −0.008%

Together, before fees−0.288%−$29 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: Bybit is 0.021% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BMNRUSDT	27.568	0	get 0.0000% / 8h	2h 47m	$21.7M	$52.4M	25x
Short	Bybit BMNRUSDT	27.572	0	get 0.0000% / 8h	2h 47m	$3.2M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → −0.008%: $2.1
Slippage, 4 orders: −$48.26
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$67.16
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 5 min ago.

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 Binance live order book, 10 min ago	1.81 bp	10.4 bp −$10	25.7 bp −$257	121.3 bp −$12.1K	doesn't fit
Sell Bybit live order book, 5 min ago	2.54 bp	18.5 bp −$18	149.0 bp −$1,490	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	−0.0724%	8h	27.609	+0.148%	$1.9M	$947K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.584	+0.057%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.561	−0.027%	$57K	$493K	10x	as long as short
Binance BMNRUSDTlong	0.0000%	8h	27.568	long leg	$21.7M	$52.4M	25x
Bybit BMNRUSDTshort	0.0000%	8h	27.572	+0.014%	$3.2M	$2.0M	25x
OKX BMNR-USDT-SWAP	0.0000%	8h	27.620	+0.188%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.590	+0.079%	$4.1M	$8.9M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.620	+0.188%	$297K	$514K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.621	+0.190%	$5K	$189K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.601	+0.119%	$1K	$867K	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	27.584	+0.057%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.570	+0.006%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0013%	1h	27.580	+0.043%	$1.2M	$1.1M	10x	as long as short
BloFin BMNR-USDT	+0.0018%	8h	27.570	+0.006%	$208K	$52K	20x	as long as short
Vest BMNR-USD-PERP	+0.0022%	1h	27.560	−0.030%	—	$36K	25x	as long as short
Lighter BMNR	+0.0032%	1h	27.559	−0.034%	$347K	$52K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.561	−0.026%	$907K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.600	+0.115%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.570	+0.006%	$673K	$746K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.610	+0.151%	$24K	$29K	50x	as long as short