Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.005%

Price spread now: Ondo Perps against Binance−0.143%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.143% cheaper against Binance than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 9.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BMNRUSDT	28.060	0	get 0.0000% / 8h	5h 44m	$21.9M	$45.0M	25x
Short	Ondo Perps BMNR-USD.P	28.020	0.0050	get 0.0006% / 1h	44m 27s	$36K	$10K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.143%Rate

Funding earned: $10.58
Price spread: −0.143% → 0.000%: −$14.26
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$18.67
Costs to cover: 0.150%
Break-even: 19.3 days

Slippage unknown: Binance: live order book, 6 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 Binance live order book, 6 min ago	1.78 bp	8.7 bp −$9	23.1 bp −$231	100.6 bp −$10.1K	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 exchanges

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	28.053	−0.025%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.061	+0.003%	$39K	$373K	10x	as long as short
Binance BMNRUSDTlong	0.0000%	8h	28.060	long leg	$21.9M	$45.0M	25x
Bybit BMNRUSDT	0.0000%	8h	28.069	+0.032%	$3.2M	$1.7M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.090	+0.107%	$3.6M	$2.9M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.070	+0.036%	$4.1M	$7.5M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.084	+0.086%	$1.9M	$1.2M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.068	+0.028%	$217K	$464K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.080	+0.071%	$6K	$163K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	28.073	+0.046%	$1K	$623K	10x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	28.081	+0.075%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.080	+0.071%	$1.6M	$1.4M	10x	as long as short
BloFin BMNR-USDT	+0.0014%	8h	28.070	+0.036%	$216K	$60K	20x	as long as short
Lighter BMNR	+0.0032%	1h	28.104	+0.157%	$353K	$58K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.070	+0.036%	—	$36K	25x	as long as short
QFEX BMNR-USD	+0.0049%	1h	28.050	−0.036%	$1.2M	$951K	10x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	28.020	−0.143%	$36K	$10K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	28.060	0.000%	$683K	$758K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.060	0.000%	$25K	$23K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0252%	1h	28.085	+0.089%	$1.0M	$1.5M	10x	as long as short