Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.017%

Price spread now: Bybit against Vest+0.075%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Bybit

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 airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 0.075% dearer against Vest than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BMNR-USD-PERP	27.920	0.0046	pay 0.0006% / 1h	35m 10s	—	$36K	25x
Short	Bybit BMNRUSDT	27.941	0	get 0.0000% / 8h	6h 35m	$3.3M	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. 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 VestbpFee BybitbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$9.59
Price spread: +0.075% → 0.000%: $7.52
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$15.07
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 2 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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	4.65 bp	18.6 bp −$19	123.6 bp −$1,236	doesn't fit	doesn't fit

Vest: 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	−0.0347%	8h	27.964	+0.158%	$2.0M	$992K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.960	+0.143%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.933	+0.046%	$52K	$631K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.945	+0.091%	$22.4M	$53.9M	25x	as long as short
Bybit BMNRUSDTshort	0.0000%	8h	27.941	+0.075%	$3.3M	$1.9M	25x
OKX BMNR-USDT-SWAP	0.0000%	8h	27.960	+0.143%	$3.6M	$4.8M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.960	+0.143%	$4.2M	$9.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.951	+0.110%	$312K	$491K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.980	+0.215%	$6K	$179K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.948	+0.100%	$1K	$943K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.902	−0.064%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.950	+0.107%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0002%	1h	27.950	+0.107%	$1.2M	$1.4M	10x	as long as short
BloFin BMNR-USDT	+0.0017%	8h	28.000	+0.287%	$213K	$62K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.936	+0.057%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERPlong	+0.0046%	1h	27.920	long leg	—	$36K	25x
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.920	0.000%	$36K	$18K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.930	+0.036%	$683K	$803K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.940	+0.072%	$24K	$45K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0215%	1h	27.918	−0.007%	$941K	$1.5M	10x	as long as short