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= +5.4% APRpaid last 24h +0.015%

Price spread now: KuCoin against Ondo Perps+0.036%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on KuCoin

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.036% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BMNR-USD.P	27.450	0.0050	pay 0.0006% / 1h	38m 11s	$36K	$15K	5x
Short	KuCoin BMNRUSDTM	27.460	0.0100	get 0.0100% / 8h	1h 38m	$671K	$730K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.036%Rate

Funding earned: $10.42
Price spread: +0.036% → 0.000%: $3.64
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2.94
Costs to cover: 0.170%
Break-even: 9.0 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 41 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 KuCoin live order book, 41 min ago	20.02 bp	330.4 bp −$330	doesn't fit	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	−0.0773%	8h	27.498	+0.175%	$1.8M	$1.3M	20x	as long as short
Vest BMNR-USD-PERP	−0.0004%	1h	27.420	−0.109%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.442	−0.028%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.450	0.000%	$61K	$409K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.450	0.000%	$21.6M	$53.0M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.458	+0.029%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.470	+0.073%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.470	+0.073%	$4.1M	$8.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.480	+0.110%	$223K	$607K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.509	+0.217%	$6K	$189K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	27.508	+0.211%	$1K	$863K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.460	+0.036%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.450	0.000%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0001%	8h	27.450	0.000%	$207K	$51K	20x	as long as short
QFEX BMNR-USD	+0.0019%	1h	27.450	0.000%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.466	+0.058%	$343K	$52K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.453	+0.011%	$903K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	27.450	long leg	$36K	$15K	5x
KuCoin BMNRUSDTMshort	+0.0100%	8h	27.460	+0.036%	$671K	$730K	20x
ApeX Omni BMNRUSDT	+0.0100%	1h	27.470	+0.073%	$24K	$29K	50x	as long as short