Funding arb · Price arb /

BMNR

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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 +0.001%

Price spread now: Variational Omni against Gate+0.283%7-day average +0.026% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.073%+$7 on $10k

Price spread, last 3 days (all we have)−0.141%−$14 · spread now +0.283%, 7d avg +0.026%

Together, before fees−0.068%+ Points / potential airdropVariational Omni: Active · farm board−$7 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: Variational Omni is 0.257% dearer against Gate than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BMNR_USDT	28.200	0	get 0.0000% / 8h	7h 02m	$4.2M	$10.1M	50x
Short	Variational Omni BMNR	28.280	0	get 0.0000% / 8h	7h 02m	$316K	$492K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.283%Rate

Funding earned: $0
Price spread: +0.283% → +0.026%: $25.7
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.7
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 1 min ago; Variational Omni: RFQ quote, 6 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 Gate live order book, 1 min ago	3.54 bp	13.8 bp −$14	64.1 bp −$641	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 6 min ago	4.66 bp	doesn't fit	26.0 bp −$260	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
BloFin BMNR-USDT	−0.0020%	8h	28.260	+0.213%	$212K	$57K	20x	as long as short
QFEX BMNR-USD	−0.0001%	1h	28.200	0.000%	$1.2M	$1.5M	10x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.197	−0.012%	$53K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.174	−0.093%	$38K	$597K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.180	−0.070%	$22.2M	$52.8M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.191	−0.032%	$3.4M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.200	0.000%	$3.6M	$4.9M	20x	as long as short
Gate BMNR_USDTlong	0.0000%	8h	28.200	long leg	$4.2M	$10.1M	50x
Bitget BMNRUSDT	0.0000%	8h	28.214	+0.050%	$2.0M	$988K	20x	as long as short
Variational Omni BMNRshort	0.0000%	8h	28.280	+0.283%	$316K	$492K	—

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	28.300	+0.355%	$6K	$180K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	28.220	+0.071%	$1K	$945K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.298	+0.348%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.180	−0.071%	$1.6M	$1.5M	10x	as long as short
Lighter BMNR	+0.0032%	1h	28.200	0.000%	$355K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.240	+0.142%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.260	+0.213%	$37K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.180	−0.071%	$695K	$770K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.320	+0.426%	$25K	$45K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0399%	1h	28.175	−0.089%	$957K	$1.5M	10x	as long as short