Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0289%/8h= −31.6% APRpaid last 24h −0.179%

Price spread now: Variational Omni against tradeXYZ+0.017%7-day average +0.003% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.449%−$45 on $10k

Price spread, last 4 days (all we have)+0.885%+$88 · spread now +0.017%, 7d avg +0.003%

Together, before fees+0.435%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BMNR	27.965	0.0289	pay 0.0036% / 1h	14m 31s	$943K	$1.5M	10x
Short	Variational Omni BMNR	27.970	0	get 0.0000% / 8h	6h 14m	$312K	$491K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now +0.017%Rate

Funding earned: −$60.68
Price spread: +0.017% → +0.003%: $1.45
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$77.23
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 3 min ago; Variational Omni: RFQ quote, 55 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 tradeXYZ live order book, 3 min ago	0.36 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 55 min ago	4.66 bp	doesn't fit	26.0 bp −$260	doesn't fit	doesn't fit

BMNR on 19 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	−0.0457%	8h	27.982	+0.061%	$2.0M	$966K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.960	−0.018%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.955	−0.036%	$54K	$635K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.963	−0.007%	$22.2M	$53.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.954	−0.039%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.980	+0.054%	$3.6M	$4.4M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.970	+0.018%	$4.2M	$9.7M	50x	as long as short
Variational Omni BMNRshort	0.0000%	8h	27.970	+0.017%	$312K	$491K	—
GRVT BMNR_USDT_Perp	0.0000%	8h	27.970	+0.018%	$6K	$179K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.965	0.000%	$973	$931K	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.918	−0.168%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.970	+0.018%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0002%	1h	27.950	−0.054%	$1.2M	$1.3M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.958	−0.025%	$352K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.950	−0.054%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.920	−0.161%	$36K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.950	−0.054%	$683K	$809K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.950	−0.054%	$24K	$39K	50x	as long as short
tradeXYZ xyz:BMNRlong	+0.0289%	1h	27.965	long leg	$943K	$1.5M	10x