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 −0.049%

Price spread now: Bybit against OKX0.000%7-day average −0.029% · 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−$66as in the Price arb table

costs, in and out, $10k−$690.693% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 7 days−0.003%$0 · spread now 0.000%, 7d avg −0.029%

Together, before fees−0.173%−$17 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: Bybit is 0.029% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BMNR-USDT-SWAP	28.460	0	get 0.0000% / 8h	7h 47m	$3.7M	$6.0M	20x
Short	Bybit BMNRUSDT	28.460	0	get 0.0000% / 8h	7h 47m	$3.4M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.029%: $2.9
Slippage, 4 orders: −$48.34
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$66.44
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	1.76 bp	11.2 bp −$11	128.9 bp −$1,289	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.64 bp	25.8 bp −$26	140.5 bp −$1,405	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
QFEX BMNR-USD	−0.0001%	1h	28.440	−0.070%	$1.2M	$1.8M	10x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.454	−0.020%	$54K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.428	−0.111%	$39K	$487K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.449	−0.038%	$22.5M	$54.9M	25x	as long as short
Bybit BMNRUSDTshort	0.0000%	8h	28.460	0.000%	$3.4M	$2.0M	25x
OKX BMNR-USDT-SWAPlong	0.0000%	8h	28.460	long leg	$3.7M	$6.0M	20x
Gate BMNR_USDT	0.0000%	8h	28.450	−0.035%	$4.1M	$9.7M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.455	−0.018%	$2.0M	$1.1M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.411	−0.174%	$317K	$493K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.436	−0.083%	$6K	$187K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	28.442	−0.063%	$927	$993K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.441	−0.067%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.420	−0.141%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0009%	8h	28.410	−0.176%	$212K	$58K	20x	as long as short
Lighter BMNR	+0.0032%	1h	28.446	−0.049%	$336K	$24K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.470	+0.035%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.400	−0.211%	$37K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.440	−0.070%	$704K	$768K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.440	−0.070%	$25K	$53K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0134%	1h	28.466	+0.021%	$968K	$1.5M	10x	as long as short