Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Variational Omni against Binance−0.347%7-day average +0.028% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 2 days (all we have)+0.676%+$68 · spread now −0.347%, 7d avg +0.028%

Together, before fees+0.649%+ Points / potential airdropVariational Omni: Active · farm board+$65 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.375% cheaper against Binance than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BMNRUSDT	28.575	0	get 0.0000% / 8h	3h 32m	$23.4M	$53.3M	25x
Short	Variational Omni BMNR	28.475	0	get 0.0000% / 8h	3h 32m	$340K	$408K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.347%Rate

Funding earned: $0
Price spread: −0.347% → +0.028%: −$37.51
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$47.51
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 min ago; Variational Omni: RFQ quote, 17 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 Binance live order book, 15 min ago	1.77 bp	10.6 bp −$11	25.8 bp −$258	75.2 bp −$7,518	doesn't fit
Sell Variational Omni RFQ quote, 17 min ago	4.66 bp	doesn't fit	28.7 bp −$287	doesn't fit	doesn't fit

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
Aster BMNRUSDT	0.0000%	8h	28.530	−0.154%	$54K	$97K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.549	−0.090%	$40K	$462K	10x	as long as short
Binance BMNRUSDTlong	0.0000%	8h	28.575	long leg	$23.4M	$53.3M	25x
Bybit BMNRUSDT	0.0000%	8h	28.560	−0.051%	$3.5M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.580	+0.019%	$3.7M	$6.0M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.550	−0.086%	$3.9M	$10.3M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.580	+0.019%	$2.0M	$1.1M	20x	as long as short
Variational Omni BMNRshort	0.0000%	8h	28.475	−0.347%	$340K	$408K	—
GRVT BMNR_USDT_Perp	0.0000%	8h	28.482	−0.325%	$6K	$198K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	28.533	−0.146%	$1K	$1.0M	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	28.512	−0.219%	$5K	$39K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.570	−0.016%	$1.7M	$1.4M	10x	as long as short
QFEX BMNR-USD	+0.0006%	1h	28.530	−0.156%	$1.2M	$1.7M	10x	as long as short
BloFin BMNR-USDT	+0.0009%	8h	28.490	−0.296%	$214K	$56K	20x	as long as short
Lighter BMNR	+0.0032%	1h	28.604	+0.103%	$340K	$25K	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.490	−0.296%	$37K	$31K	5x	as long as short
Vest BMNR-USD-PERP	+0.0071%	1h	28.570	−0.016%	—	$2K	25x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.550	−0.086%	$708K	$710K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.480	−0.331%	$25K	$173K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0292%	1h	28.585	+0.036%	$1.1M	$1.4M	10x	as long as short