Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.005%

Price spread now: BloFin against Ondo Perps−0.036%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 6 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 BloFin is 0.036% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 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	27.830	0.0050	pay 0.0006% / 1h	46m 32s	$36K	$10K	5x
Short	BloFin BMNR-USDT	27.820	−0.0010	pay 0.0010% / 8h	6h 46m	$216K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$12.59
Price spread: −0.036% → 0.000%: −$3.59
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$33.19
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 14 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 BloFin live order book, 14 min ago	1.78 bp	10.2 bp −$10	18.9 bp −$189	63.2 bp −$6,315	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 20 exchanges

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	−0.0024%	8h	27.860	+0.108%	$1.9M	$1.3M	20x	as long as short
BloFin BMNR-USDTshort	−0.0010%	8h	27.820	−0.036%	$216K	$67K	20x
Aster BMNRUSDT	0.0000%	8h	27.833	+0.012%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.823	−0.024%	$38K	$373K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.840	+0.037%	$21.6M	$48.0M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.835	+0.018%	$3.2M	$1.8M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.840	+0.036%	$3.6M	$3.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.830	0.000%	$4.1M	$7.5M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.809	−0.074%	$215K	$551K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.810	−0.072%	$6K	$171K	10x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	27.815	−0.054%	$1K	$706K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.766	−0.230%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.830	0.000%	$1.6M	$1.4M	10x	as long as short
QFEX BMNR-USD	+0.0005%	1h	27.880	+0.180%	$1.2M	$987K	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.841	+0.040%	$350K	$58K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.870	+0.144%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	27.830	long leg	$36K	$10K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.810	−0.072%	$677K	$731K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.810	−0.072%	$24K	$23K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0290%	1h	27.849	+0.068%	$1.0M	$1.5M	10x	as long as short