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: Phemex against OKX−0.107%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1211.205% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.047%−$5 · spread now −0.107%, 7d avg −0.045%

Together, before fees−0.352%−$35 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: Phemex is 0.062% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BMNR-USDT-SWAP	27.980	0	get 0.0000% / 8h	6h 37m	$3.6M	$4.8M	20x
Short	Phemex BMNRUSDT	27.950	0	get 0.0000% / 8h	6h 37m	$1.6M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.045%: −$6.2
Slippage, 4 orders: −$98.55
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$126.75
Costs to cover: 1.205%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Phemex: live order book, 1 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, 1 min ago	1.79 bp	8.4 bp −$8	114.0 bp −$1,140	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	7.16 bp	43.1 bp −$43	doesn't fit	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	−0.0313%	8h	27.971	−0.032%	$2.0M	$991K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.960	−0.071%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.943	−0.132%	$38K	$617K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.950	−0.107%	$22.4M	$54.0M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.942	−0.136%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAPlong	0.0000%	8h	27.980	long leg	$3.6M	$4.8M	20x
Gate BMNR_USDT	0.0000%	8h	27.970	−0.036%	$4.2M	$9.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.991	+0.038%	$312K	$492K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.980	0.000%	$6K	$179K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.949	−0.111%	$1K	$946K	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	−0.118%	$6K	$40K	20x	as long as short
Phemex BMNRUSDTshort	0.0000%	8h	27.950	−0.107%	$1.6M	$1.5M	10x
QFEX BMNR-USD	+0.0002%	1h	27.980	0.000%	$1.2M	$1.4M	10x	as long as short
BloFin BMNR-USDT	+0.0017%	8h	28.000	+0.071%	$213K	$62K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.939	−0.147%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.940	−0.143%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.960	−0.071%	$36K	$17K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.930	−0.179%	$683K	$803K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.960	−0.071%	$24K	$45K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0219%	1h	27.973	−0.025%	$943K	$1.5M	10x	as long as short