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 −0.039%

Price spread now: Binance against OKX−0.036%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 2 days (all we have)+0.015%+$2 · spread now −0.036%, 7d avg −0.060%

Together, before fees+0.107%+$11 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: Binance is 0.024% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BMNR-USDT-SWAP	27.960	0	get 0.0000% / 8h	6h 35m	$3.6M	$4.8M	20x
Short	Binance BMNRUSDT	27.950	0	get 0.0000% / 8h	6h 35m	$22.4M	$54.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.060%: $2.41
Slippage, 4 orders: −$27.12
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$44.71
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: live order book, 6 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 OKX live order book, 2 min ago	1.79 bp	8.4 bp −$8	114.0 bp −$1,140	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.78 bp	8.9 bp −$9	20.4 bp −$204	51.0 bp −$5,101	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	−0.0329%	8h	27.964	+0.014%	$2.0M	$992K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.960	0.000%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.943	−0.062%	$38K	$617K	10x	as long as short
Binance BMNRUSDTshort	0.0000%	8h	27.950	−0.036%	$22.4M	$54.0M	25x
Bybit BMNRUSDT	0.0000%	8h	27.946	−0.050%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAPlong	0.0000%	8h	27.960	long leg	$3.6M	$4.8M	20x
Gate BMNR_USDT	0.0000%	8h	27.960	0.000%	$4.2M	$9.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.951	−0.033%	$312K	$491K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.980	+0.072%	$6K	$179K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.964	+0.014%	$1K	$944K	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	27.947	−0.046%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.950	−0.036%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0002%	1h	27.950	−0.036%	$1.2M	$1.4M	10x	as long as short
BloFin BMNR-USDT	+0.0017%	8h	28.000	+0.143%	$213K	$62K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.935	−0.089%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.940	−0.072%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.920	−0.143%	$36K	$18K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.930	−0.107%	$683K	$803K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.960	0.000%	$24K	$45K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0219%	1h	27.930	−0.107%	$942K	$1.5M	10x	as long as short