Funding arb · Price arb /

BMNR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0050%/8hpaid last 24h −0.007%

Price spread now: Ondo Perps against Binance+0.314%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.314% dearer against Binance than usual: you sell high and buy low: +$31 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	Binance BMNRUSDT	28.201	0	get 0.0000% / 8h	4h 22m	$23.1M	$51.9M	25x
Short	Ondo Perps BMNR-USD.P	28.290	0.0050	get 0.0006% / 1h	22m 18s	$37K	$31K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. 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 BinancebpFee Ondo PerpsbpOrdersPrice spread, now +0.314%Rate

Funding earned: $10.58
Price spread: +0.314% → 0.000%: $31.44
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $27.02
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Binance: live order book, 9 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 Binance live order book, 9 min ago	1.77 bp	9.6 bp −$10	19.9 bp −$199	66.4 bp −$6,643	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	+0.279%	$214K	$55K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.237	+0.126%	$53K	$96K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.189	−0.045%	$40K	$462K	10x	as long as short
Binance BMNRUSDTlong	0.0000%	8h	28.201	long leg	$23.1M	$51.9M	25x
Bybit BMNRUSDT	0.0000%	8h	28.192	−0.033%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.240	+0.137%	$3.6M	$5.7M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.230	+0.102%	$3.9M	$10.2M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.206	+0.017%	$2.0M	$1.1M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.265	+0.225%	$302K	$373K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.285	+0.296%	$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	+0.162%	$1K	$1.0M	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.319	+0.417%	$5K	$39K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.260	+0.208%	$1.6M	$1.4M	10x	as long as short
QFEX BMNR-USD	+0.0005%	1h	28.220	+0.066%	$1.2M	$1.7M	10x	as long as short
Lighter BMNR	+0.0032%	1h	28.259	+0.204%	$336K	$24K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.270	+0.243%	—	$2K	25x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	28.290	+0.314%	$37K	$31K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	28.190	−0.040%	$700K	$687K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.300	+0.350%	$32K	$169K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0203%	1h	28.214	+0.045%	$1.0M	$1.4M	10x	as long as short