Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.005%

Price spread now: Binance against Ondo Perps−0.205%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Binance

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 −$2 a day on $10k at the current rate, and Binance is 0.205% cheaper against Ondo Perps than usual: you would sell low and buy high (−$21 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	Ondo Perps BMNR-USD.P	27.850	0.0050	pay 0.0006% / 1h	48m 19s	$36K	$16K	5x
Short	Binance BMNRUSDT	27.793	0	get 0.0000% / 8h	5h 48m	$22.1M	$52.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now −0.205%Rate

Funding earned: −$10.58
Price spread: −0.205% → 0.000%: −$20.5
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$46.09
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 9 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	1.80 bp	8.3 bp −$8	21.5 bp −$215	91.3 bp −$9,132	doesn't fit

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 19 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	−0.0740%	8h	27.809	−0.147%	$2.0M	$928K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.844	−0.022%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.787	−0.227%	$52K	$634K	10x	as long as short
Binance BMNRUSDTshort	0.0000%	8h	27.793	−0.205%	$22.1M	$52.7M	25x
Bybit BMNRUSDT	0.0000%	8h	27.794	−0.201%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.800	−0.180%	$3.6M	$4.3M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.800	−0.180%	$4.2M	$9.5M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.820	−0.109%	$317K	$497K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.825	−0.091%	$6K	$175K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.783	−0.241%	$1K	$892K	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.811	−0.140%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.800	−0.180%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.800	−0.180%	$1.2M	$1.2M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.827	−0.083%	$350K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.770	−0.287%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.789	−0.219%	$925K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	27.850	long leg	$36K	$16K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.800	−0.180%	$679K	$808K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.790	−0.215%	$24K	$29K	50x	as long as short