Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bybit against Ondo Perps−0.153%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 Bybit

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 Bybit is 0.153% cheaper against Ondo Perps than usual: you would sell low and buy high (−$15 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	27.530	0.0050	pay 0.0006% / 1h	40m 12s	$36K	$15K	5x
Short	Bybit BMNRUSDT	27.488	0	get 0.0000% / 8h	1h 40m	$3.2M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$10.58
Price spread: −0.153% → 0.000%: −$15.26
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.84
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	3.09 bp	24.2 bp −$24	124.9 bp −$1,249	doesn't fit	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 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	−0.0764%	8h	27.541	+0.040%	$1.8M	$1.3M	20x	as long as short
BloFin BMNR-USDT	−0.0011%	8h	27.510	−0.073%	$207K	$51K	20x	as long as short
Vest BMNR-USD-PERP	−0.0004%	1h	27.450	−0.291%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.475	−0.199%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.458	−0.262%	$61K	$446K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.475	−0.198%	$21.6M	$53.0M	25x	as long as short
Bybit BMNRUSDTshort	0.0000%	8h	27.488	−0.153%	$3.2M	$2.0M	25x
OKX BMNR-USDT-SWAP	0.0000%	8h	27.480	−0.182%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.500	−0.109%	$4.1M	$8.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.480	−0.181%	$223K	$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	27.527	−0.009%	$6K	$190K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.497	−0.120%	$993	$864K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.530	0.000%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.470	−0.218%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0019%	1h	27.480	−0.182%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.469	−0.222%	$343K	$52K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.460	−0.254%	$903K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	27.530	long leg	$36K	$15K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.470	−0.218%	$671K	$730K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.510	−0.073%	$24K	$29K	50x	as long as short