Funding arb · Price arb /

BMNR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against SunX−0.172%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Ondo Perps

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

Funding pays, the price is against you. Ondo Perps is 0.172% cheaper against SunX than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 11 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BMNR-USDT	27.908	0	get 0.0000% / 8h	6h 15m	$899	$649K	10x
Short	Ondo Perps BMNR-USD.P	27.860	0.0050	get 0.0006% / 1h	15m 02s	$36K	$10K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SunX. 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 SunXbpFee Ondo PerpsbpOrdersPrice spread, now −0.172%Rate

Funding earned: $10.58
Price spread: −0.172% → 0.000%: −$17.2
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$19.62
Costs to cover: 0.130%
Break-even: 20.0 days

Slippage unknown: SunX: live order book, 29 min ago; Ondo Perps: no order-book sample. 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 SunX live order book, 29 min ago	500.31 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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 exchanges

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
Aster BMNRUSDT	0.0000%	8h	27.910	+0.007%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.883	−0.090%	$38K	$373K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.894	−0.049%	$21.6M	$45.6M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.898	−0.036%	$3.2M	$1.7M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.920	+0.043%	$3.6M	$2.9M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.900	−0.029%	$4.1M	$7.6M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	27.910	+0.007%	$1.9M	$1.2M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	27.894	−0.050%	$216K	$507K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.892	−0.058%	$5K	$167K	10x	as long as short
SunX BMNR-USDTlong	0.0000%	8h	27.908	long leg	$899	$649K	10x

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.919	+0.039%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.880	−0.100%	$1.6M	$1.4M	10x	as long as short
QFEX BMNR-USD	+0.0005%	1h	27.900	−0.029%	$1.2M	$971K	10x	as long as short
BloFin BMNR-USDT	+0.0013%	8h	27.910	+0.007%	$215K	$68K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.911	+0.011%	$351K	$58K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.850	−0.208%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	27.860	−0.172%	$36K	$10K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.880	−0.100%	$679K	$746K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.890	−0.064%	$24K	$23K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0311%	1h	27.904	−0.014%	$1.0M	$1.5M	10x	as long as short