Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.049%

Price spread now: OKX against Phemex+0.108%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1581.577% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.306%+$31 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.108%, 7d avg +0.048%

Together, before fees+0.380%+$38 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.061% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BMNRUSDT	27.650	0	get 0.0000% / 8h	2h 08m	$1.6M	$1.5M	10x
Short	OKX BMNR-USDT-SWAP	27.680	0	get 0.0000% / 8h	2h 08m	$3.5M	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Phemex. 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 PhemexbpFee OKXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.048%: $6.06
Slippage, 4 orders: −$135.7
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$151.64
Costs to cover: 1.577%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; OKX: live order book, 4 min ago.

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 Phemex live order book, 5 min ago	3.62 bp	78.0 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.81 bp	9.6 bp −$10	87.8 bp −$878	doesn't fit	doesn't fit

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	27.681	+0.112%	$1.8M	$1.3M	20x	as long as short
BloFin BMNR-USDT	−0.0018%	8h	27.700	+0.181%	$205K	$52K	20x	as long as short
Vest BMNR-USD-PERP	−0.0010%	1h	27.610	−0.145%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.673	+0.083%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.649	−0.002%	$57K	$498K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.666	+0.057%	$21.7M	$52.9M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.663	+0.047%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAPshort	0.0000%	8h	27.680	+0.108%	$3.5M	$4.2M	20x
Gate BMNR_USDT	0.0000%	8h	27.660	+0.036%	$4.1M	$9.0M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.650	+0.001%	$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	−0.036%	$5K	$190K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.691	+0.148%	$1K	$867K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.692	+0.152%	$6K	$40K	20x	as long as short
Phemex BMNRUSDTlong	0.0000%	8h	27.650	long leg	$1.6M	$1.5M	10x
QFEX BMNR-USD	+0.0013%	1h	27.650	0.000%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.662	+0.043%	$346K	$56K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.646	−0.014%	$909K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.610	−0.145%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.630	−0.072%	$676K	$737K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.650	0.000%	$24K	$29K	50x	as long as short