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: Gate against OKX−0.073%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$590.587% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.306%−$31 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.073%, 7d avg −0.035%

Together, before fees−0.314%−$31 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 0.038% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BMNR-USDT-SWAP	27.530	0	get 0.0000% / 8h	10m 08s	$3.5M	$3.9M	20x
Short	Gate BMNR_USDT	27.510	0	get 0.0000% / 8h	10m 08s	$4.1M	$8.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → −0.035%: −$3.8
Slippage, 4 orders: −$33.66
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$62.47
Costs to cover: 0.587%
Break-even: never at this rate

Slippage from OKX: 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 OKX live order book, 2 min ago	3.63 bp	12.0 bp −$12	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.63 bp	17.3 bp −$17	65.0 bp −$650	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	−0.0461%	8h	27.532	+0.007%	$1.9M	$1.3M	20x	as long as short
tradeXYZ xyz:BMNR	−0.0397%	1h	27.482	−0.174%	$765K	$1.5M	10x	as long as short
BloFin BMNR-USDT	−0.0029%	8h	27.510	−0.073%	$207K	$51K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.509	−0.078%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.503	−0.097%	$57K	$360K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.510	−0.073%	$21.5M	$51.2M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.511	−0.069%	$3.2M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAPlong	0.0000%	8h	27.530	long leg	$3.5M	$3.9M	20x
Gate BMNR_USDTshort	0.0000%	8h	27.510	−0.073%	$4.1M	$8.5M	50x
Variational Omni BMNR	0.0000%	8h	27.492	−0.140%	$213K	$607K	—	as long as short

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	27.524	−0.023%	$6K	$182K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.514	−0.058%	$894	$805K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.546	+0.058%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.510	−0.073%	$1.6M	$1.4M	10x	as long as short
Vest BMNR-USD-PERP	+0.0004%	1h	27.460	−0.254%	—	$36K	25x	as long as short
QFEX BMNR-USD	+0.0010%	1h	27.500	−0.109%	$1.2M	$1.0M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.531	+0.004%	$344K	$53K	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.530	0.000%	$36K	$14K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.500	−0.109%	$671K	$698K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.500	−0.109%	$24K	$23K	50x	as long as short