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 +0.039%

Price spread now: OKX against Binance+0.024%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 2 days (all we have)+0.008%+$1 · spread now +0.024%, 7d avg +0.059%

Together, before fees−0.083%−$8 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: OKX is 0.035% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BMNRUSDT	27.933	0	get 0.0000% / 8h	6h 56m	$22.0M	$52.9M	25x
Short	OKX BMNR-USDT-SWAP	27.940	0	get 0.0000% / 8h	6h 56m	$3.6M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → +0.059%: −$3.55
Slippage, 4 orders: −$31.96
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$55.51
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; OKX: live order book, 1 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, 16 min ago	3.53 bp	9.5 bp −$9	21.6 bp −$216	90.6 bp −$9,060	doesn't fit
Sell OKX live order book, 1 min ago	1.78 bp	21.6 bp −$22	101.8 bp −$1,018	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
Aster BMNRUSDT	0.0000%	8h	27.978	+0.158%	$53K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.931	−0.010%	$38K	$597K	10x	as long as short
Binance BMNRUSDTlong	0.0000%	8h	27.933	long leg	$22.0M	$52.9M	25x
Bybit BMNRUSDT	0.0000%	8h	27.947	+0.049%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAPshort	0.0000%	8h	27.940	+0.024%	$3.6M	$4.7M	20x
Gate BMNR_USDT	0.0000%	8h	27.970	+0.131%	$4.2M	$9.4M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	27.988	+0.196%	$2.0M	$990K	20x	as long as short
Variational Omni BMNR	0.0000%	8h	27.921	−0.045%	$312K	$492K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.075	+0.506%	$5K	$177K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.975	+0.149%	$1K	$946K	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	28.031	+0.350%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.920	−0.048%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0002%	1h	27.920	−0.048%	$1.2M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0004%	8h	28.030	+0.346%	$212K	$62K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.934	+0.002%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.970	+0.131%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.060	+0.454%	$36K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.960	+0.096%	$689K	$785K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.080	+0.525%	$25K	$45K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0121%	1h	27.951	+0.063%	$944K	$1.5M	10x	as long as short