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 0.000%

Price spread now: Gate against Bybit+0.029%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$730.729% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.029%, 7d avg −0.003%

Together, before fees−0.183%−$18 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: Gate is 0.032% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BMNRUSDT	27.512	0	get 0.0000% / 8h	55m 46s	$3.2M	$1.9M	25x
Short	Gate BMNR_USDT	27.520	0	get 0.0000% / 8h	55m 46s	$4.1M	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.003%: $3.17
Slippage, 4 orders: −$46.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$69.7
Costs to cover: 0.729%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 3 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 Bybit live order book, 2 min ago	3.09 bp	19.6 bp −$20	132.2 bp −$1,322	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.63 bp	17.1 bp −$17	115.4 bp −$1,154	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	−0.0651%	8h	27.543	+0.113%	$1.8M	$1.3M	20x	as long as short
tradeXYZ xyz:BMNR	−0.0433%	1h	27.482	−0.109%	$821K	$1.6M	10x	as long as short
BloFin BMNR-USDT	−0.0009%	8h	27.540	+0.102%	$207K	$54K	20x	as long as short
Vest BMNR-USD-PERP	−0.0003%	1h	27.480	−0.116%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.511	−0.005%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.503	−0.033%	$58K	$343K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.511	−0.005%	$21.6M	$52.2M	25x	as long as short
Bybit BMNRUSDTlong	0.0000%	8h	27.512	long leg	$3.2M	$1.9M	25x
OKX BMNR-USDT-SWAP	0.0000%	8h	27.520	+0.029%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDTshort	0.0000%	8h	27.520	+0.029%	$4.1M	$8.4M	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BMNR	0.0000%	8h	27.510	−0.008%	$213K	$616K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.529	+0.063%	$5K	$185K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.536	+0.087%	$1K	$839K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.521	+0.033%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.520	+0.029%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0010%	1h	27.510	−0.007%	$1.2M	$1.0M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.536	+0.087%	$344K	$50K	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.500	−0.044%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.500	−0.044%	$670K	$715K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.470	−0.153%	$24K	$29K	50x	as long as short