Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0050%/8hpaid last 24h +0.003%

Price spread now: Ondo Perps against Variational Omni+0.089%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.089% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BMNR	28.265	0	get 0.0000% / 8h	4h 22m	$302K	$373K	—
Short	Ondo Perps BMNR-USD.P	28.290	0.0050	get 0.0006% / 1h	22m 34s	$37K	$31K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Variational Omni. 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 Variational OmnibpFee Ondo PerpsbpOrdersPrice spread, now +0.089%Rate

Funding earned: $10.58
Price spread: +0.089% → 0.000%: $8.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $14.48
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 10 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 Variational Omni RFQ quote, 10 min ago	4.68 bp	doesn't fit	24.0 bp −$240	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 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
BloFin BMNR-USDT	−0.0011%	8h	28.280	+0.054%	$214K	$55K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.258	−0.024%	$53K	$96K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.239	−0.093%	$40K	$462K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.211	−0.192%	$23.1M	$51.9M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.223	−0.148%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.240	−0.088%	$3.6M	$5.7M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.260	−0.017%	$3.9M	$10.2M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.227	−0.134%	$2.0M	$1.1M	20x	as long as short
Variational Omni BMNRlong	0.0000%	8h	28.265	long leg	$302K	$373K	—
GRVT BMNR_USDT_Perp	0.0000%	8h	28.285	+0.071%	$6K	$190K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	28.247	−0.063%	$1K	$1.0M	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.319	+0.192%	$5K	$39K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.260	−0.017%	$1.6M	$1.4M	10x	as long as short
QFEX BMNR-USD	+0.0005%	1h	28.220	−0.159%	$1.2M	$1.7M	10x	as long as short
Lighter BMNR	+0.0032%	1h	28.259	−0.021%	$336K	$24K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.270	+0.018%	—	$2K	25x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	28.290	+0.089%	$37K	$31K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	28.220	−0.159%	$700K	$687K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.300	+0.124%	$32K	$169K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0206%	1h	28.256	−0.031%	$1.0M	$1.4M	10x	as long as short