Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.049%

Price spread now: OKX against Bybit−0.092%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$730.735% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 7 days+0.095%+$9 · spread now −0.092%, 7d avg +0.029%

Together, before fees+0.265%+$26 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: OKX is 0.121% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BMNRUSDT	28.406	0	get 0.0000% / 8h	7h 23m	$3.4M	$2.0M	25x
Short	OKX BMNR-USDT-SWAP	28.380	0	get 0.0000% / 8h	7h 23m	$3.6M	$6.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → +0.029%: −$12.06
Slippage, 4 orders: −$52.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$85.54
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 5 min ago.

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 Bybit live order book, 4 min ago	2.99 bp	29.6 bp −$30	138.0 bp −$1,380	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.76 bp	17.3 bp −$17	120.9 bp −$1,209	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
QFEX BMNR-USD	−0.0001%	1h	28.380	−0.092%	$1.2M	$1.6M	10x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.422	+0.057%	$54K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.364	−0.149%	$41K	$594K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.370	−0.127%	$22.4M	$54.0M	25x	as long as short
Bybit BMNRUSDTlong	0.0000%	8h	28.406	long leg	$3.4M	$2.0M	25x
OKX BMNR-USDT-SWAPshort	0.0000%	8h	28.380	−0.092%	$3.6M	$6.0M	20x
Gate BMNR_USDT	0.0000%	8h	28.410	+0.014%	$4.3M	$10.0M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.420	+0.049%	$2.0M	$1.0M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.410	+0.015%	$317K	$493K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.399	−0.023%	$6K	$182K	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	28.424	+0.063%	$929	$968K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.417	+0.039%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.390	−0.056%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0009%	8h	28.400	−0.021%	$213K	$58K	20x	as long as short
Lighter BMNR	+0.0032%	1h	28.407	+0.004%	$336K	$25K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.430	+0.084%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.400	−0.021%	$37K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.380	−0.092%	$701K	$768K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.420	+0.049%	$25K	$46K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0360%	1h	28.396	−0.035%	$965K	$1.5M	10x	as long as short