Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Ondo Perps+0.293%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 SunX

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

The price spread pays, funding is against you. SunX is 0.293% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.293% now, against zero (this spread has no 7-day history yet)): +$29 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BMNR-USD.P	27.610	0.0050	pay 0.0006% / 1h	7m 53s	$36K	$15K	5x
Short	SunX BMNR-USDT	27.691	0	get 0.0000% / 8h	2h 07m	$1K	$867K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.293%Rate

Funding earned: −$10.58
Price spread: +0.293% → 0.000%: $29.34
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: $5.75
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago	500.25 bp	doesn't fit	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	−0.0881%	8h	27.689	+0.286%	$1.8M	$1.3M	20x	as long as short
BloFin BMNR-USDT	−0.0018%	8h	27.700	+0.326%	$205K	$52K	20x	as long as short
Vest BMNR-USD-PERP	−0.0010%	1h	27.610	0.000%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.681	+0.258%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.662	+0.189%	$57K	$498K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.678	+0.247%	$21.7M	$52.9M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.663	+0.192%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.680	+0.254%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.680	+0.254%	$4.1M	$9.0M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.650	+0.145%	$214K	$596K	—	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	27.640	+0.109%	$5K	$190K	10x	as long as short
SunX BMNR-USDTshort	0.0000%	8h	27.691	+0.293%	$1K	$867K	10x
HTX BMNR-USDT	0.0000%	8h	27.692	+0.297%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.670	+0.217%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0013%	1h	27.650	+0.145%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.677	+0.243%	$346K	$56K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.635	+0.091%	$908K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	27.610	long leg	$36K	$15K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.630	+0.072%	$675K	$737K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.650	+0.145%	$24K	$29K	50x	as long as short