Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.157%

Price spread now: tradeXYZ against BloFin−0.018%88s7-day average +0.005% · you buy dearer than you sell

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

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.509%+$51 on $10k

Price spread, last 4 days (all we have)+0.391%+$39 · spread now −0.018%, 7d avg +0.005%

Together, before fees+0.900%+ Points / potential airdroptradeXYZ: Active · farm board+$90 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and tradeXYZ is 0.023% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.005%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.509%, so the current rate has only just turned against you. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BMNR-USDT	27.870	−0.0006	get 0.0006% / 8h	4h 59m	$210K	$58K	20x
Short	tradeXYZ xyz:BMNR	27.865	−0.0039	pay 0.0005% / 1h	59m 44s	$919K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against BloFin. 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 BloFinbpFee tradeXYZbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$6.96
Price spread: −0.018% → +0.005%: −$2.28
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$39.23
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 38 min ago; tradeXYZ: live order book, 8 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 BloFin live order book, 38 min ago	5.39 bp	13.3 bp −$13	20.7 bp −$207	71.6 bp −$7,155	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.36 bp	doesn't fit	doesn't fit	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	−0.0676%	8h	27.888	+0.065%	$1.9M	$936K	20x	as long as short
tradeXYZ xyz:BMNRshort	−0.0039%	1h	27.865	−0.018%	$919K	$1.5M	10x
BloFin BMNR-USDTlong	−0.0006%	8h	27.870	long leg	$210K	$58K	20x
Aster BMNRUSDT	0.0000%	8h	27.870	+0.002%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.875	+0.019%	$52K	$632K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.884	+0.051%	$22.1M	$52.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.874	+0.014%	$3.3M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.890	+0.072%	$3.6M	$4.3M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.880	+0.036%	$4.2M	$9.2M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.879	+0.033%	$325K	$504K	—	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	27.860	−0.036%	$6K	$178K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.857	−0.047%	$1K	$888K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.856	−0.050%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.890	+0.072%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.880	+0.036%	$1.2M	$1.2M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.882	+0.043%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.860	−0.036%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.840	−0.108%	$36K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.860	−0.036%	$681K	$790K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.850	−0.072%	$24K	$29K	50x	as long as short