Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against KuCoin−0.397%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.397% cheaper against KuCoin than usual: you would sell low and buy high (−$40 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BMNRUSDTM	27.740	0.0100	pay 0.0100% / 8h	4h 33m	$678K	$779K	20x
Short	Ondo Perps BMNR-USD.P	27.630	0.0050	get 0.0006% / 1h	33m 06s	$36K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now −0.397%Rate

Funding earned: −$10.42
Price spread: −0.397% → 0.000%: −$39.65
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$67.07
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 61 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 KuCoin live order book, 61 min ago	23.35 bp	366.4 bp −$366	doesn't fit	doesn't fit	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 BMNRUSDT	−0.0774%	8h	27.789	+0.177%	$1.9M	$936K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.729	−0.039%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.743	+0.011%	$53K	$630K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.750	+0.035%	$22.0M	$52.8M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.738	−0.007%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.730	−0.036%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.750	+0.036%	$4.2M	$9.2M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.670	−0.252%	$323K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.700	−0.144%	$6K	$181K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.753	+0.047%	$1K	$887K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.676	−0.231%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.750	+0.036%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0010%	8h	27.760	+0.072%	$210K	$52K	20x	as long as short
QFEX BMNR-USD	+0.0018%	1h	27.730	−0.036%	$1.2M	$1.2M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.754	+0.050%	$349K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.690	−0.180%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.738	−0.007%	$914K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	27.630	−0.397%	$36K	$15K	5x
KuCoin BMNRUSDTMlong	+0.0100%	8h	27.740	long leg	$678K	$779K	20x
ApeX Omni BMNRUSDT	+0.0100%	1h	27.690	−0.180%	$24K	$29K	50x	as long as short