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 +0.034%

Price spread now: OKX against Ondo Perps+0.072%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 OKX

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

The price spread pays, funding is against you. OKX is 0.072% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.7 days.

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	24m 27s	$36K	$16K	5x
Short	OKX BMNR-USDT-SWAP	27.870	0	get 0.0000% / 8h	5h 24m	$3.6M	$4.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$10.58
Price spread: +0.072% → 0.000%: $7.18
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$18.4
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	1.80 bp	13.7 bp −$14	92.5 bp −$925	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	−0.0751%	8h	27.875	+0.090%	$1.9M	$936K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.823	−0.099%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.857	+0.025%	$53K	$632K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.870	+0.072%	$22.1M	$52.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.862	+0.043%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAPshort	0.0000%	8h	27.870	+0.072%	$3.6M	$4.3M	20x
Gate BMNR_USDT	0.0000%	8h	27.860	+0.036%	$4.2M	$9.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.849	−0.003%	$317K	$497K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.840	−0.036%	$6K	$177K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.840	−0.036%	$1K	$889K	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	27.848	−0.007%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.870	+0.072%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.840	−0.036%	$1.2M	$1.2M	10x	as long as short
BloFin BMNR-USDT	+0.0027%	8h	27.840	−0.036%	$168K	$61K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.829	−0.075%	$350K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.850	0.000%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.875	+0.090%	$927K	$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	27.840	−0.036%	$681K	$800K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.810	−0.144%	$24K	$29K	50x	as long as short