Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h +0.157%

Price spread now: tradeXYZ against BloFin−0.025%7-day average +0.005% · you buy dearer than you sell

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

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.509%+$51 on $10k

Price spread, last 4 days (all we have)+0.398%+$40 · spread now −0.025%, 7d avg +0.005%

Together, before fees+0.907%+ Points / potential airdroptradeXYZ: Active · farm board+$91 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.030% cheaper against BloFin than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.005%). If the spread goes back, that is −$3 on $10k: about 43 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.509% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BMNR-USDT	27.870	−0.0006	get 0.0006% / 8h	5h 01m	$210K	$58K	20x
Short	tradeXYZ xyz:BMNR	27.863	0.0050	get 0.0006% / 1h	1m 00s	$919K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against BloFin. 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 BloFinbpFee tradeXYZbpOrdersPrice spread, now −0.025%Rate

Funding earned: $11.8
Price spread: −0.025% → +0.005%: −$3
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.2
Costs to cover: 0.300%
Break-even: 19.6 days

Slippage unknown: BloFin: live order book, 37 min ago; tradeXYZ: live order book, 6 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 BloFin live order book, 37 min ago	5.39 bp	13.3 bp −$13	20.7 bp −$207	71.6 bp −$7,155	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.36 bp	doesn't fit	doesn't fit	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
Bitget BMNRUSDT	−0.0682%	8h	27.899	+0.104%	$1.9M	$934K	20x	as long as short
BloFin BMNR-USDTlong	−0.0006%	8h	27.870	long leg	$210K	$58K	20x
Aster BMNRUSDT	0.0000%	8h	27.865	−0.019%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.879	+0.034%	$52K	$632K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.898	+0.102%	$22.2M	$52.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.881	+0.039%	$3.3M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.900	+0.108%	$3.6M	$4.3M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.890	+0.072%	$4.2M	$9.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.879	+0.033%	$325K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.860	−0.036%	$6K	$178K	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	27.857	−0.047%	$1K	$888K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.856	−0.050%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.880	+0.036%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.880	+0.036%	$1.2M	$1.2M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.881	+0.039%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.860	−0.036%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNRshort	+0.0050%	1h	27.863	−0.025%	$919K	$1.5M	10x
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.840	−0.108%	$36K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.840	−0.108%	$681K	$790K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.850	−0.072%	$24K	$29K	50x	as long as short