Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0847%/8h= +92.8% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Bitget−0.286%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.286% cheaper against Bitget than usual: you would sell low and buy high (spread −0.286% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 27 hours of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BMNRUSDT	27.589	−0.0797	get 0.0797% / 8h	1h 25m	$1.8M	$1.3M	20x
Short	Ondo Perps BMNR-USD.P	27.510	0.0050	get 0.0006% / 1h	25m 37s	$36K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now −0.286%Rate

Funding earned: $177.95
Price spread: −0.286% → 0.000%: −$28.63
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $132.32
Costs to cover: 0.170%
Break-even: 1.8 days

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	2.54 bp	23.7 bp −$24	28.9 bp −$289	299.2 bp −$29.9K	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
Bitget BMNRUSDTlong	−0.0797%	8h	27.589	long leg	$1.8M	$1.3M	20x
BloFin BMNR-USDT	−0.0018%	8h	27.500	−0.323%	$207K	$51K	20x	as long as short
Vest BMNR-USD-PERP	−0.0003%	1h	27.510	−0.286%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.527	−0.225%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.547	−0.151%	$58K	$348K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.558	−0.113%	$21.6M	$52.6M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.570	−0.069%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.580	−0.033%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.560	−0.105%	$4.1M	$8.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.540	−0.177%	$213K	$616K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BMNR_USDT_Perp	0.0000%	8h	27.510	−0.287%	$5K	$189K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.533	−0.203%	$1K	$850K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.517	−0.261%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.540	−0.178%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0019%	1h	27.550	−0.141%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.561	−0.101%	$344K	$52K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.534	−0.199%	$904K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	27.510	−0.286%	$36K	$15K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.530	−0.214%	$673K	$724K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.490	−0.359%	$24K	$29K	50x	as long as short