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 −0.039%

Price spread now: Binance against OKX−0.130%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 7 days+0.070%+$7 · spread now −0.130%, 7d avg −0.025%

Together, before fees+0.162%+$16 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: Binance is 0.106% cheaper against OKX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BMNR-USDT-SWAP	27.740	0	get 0.0000% / 8h	4h 37m	$3.5M	$4.2M	20x
Short	Binance BMNRUSDT	27.704	0	get 0.0000% / 8h	4h 37m	$22.0M	$52.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.130%Rate

Funding earned: $0
Price spread: −0.130% → −0.025%: −$10.59
Slippage, 4 orders: −$35.25
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$65.85
Costs to cover: 0.553%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: 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 OKX live order book, 5 min ago	1.80 bp	11.3 bp −$11	123.3 bp −$1,233	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	1.80 bp	11.1 bp −$11	27.8 bp −$278	123.3 bp −$12.3K	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	−0.0743%	8h	27.756	+0.058%	$1.9M	$936K	20x	as long as short
BloFin BMNR-USDT	−0.0024%	8h	27.730	−0.036%	$210K	$52K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.701	−0.141%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.699	−0.149%	$53K	$630K	10x	as long as short
Binance BMNRUSDTshort	0.0000%	8h	27.704	−0.130%	$22.0M	$52.8M	25x
Bybit BMNRUSDT	0.0000%	8h	27.694	−0.166%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAPlong	0.0000%	8h	27.740	long leg	$3.5M	$4.2M	20x
Gate BMNR_USDT	0.0000%	8h	27.720	−0.072%	$4.2M	$9.2M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.720	−0.073%	$323K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.728	−0.042%	$6K	$180K	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	27.753	+0.047%	$1K	$888K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.731	−0.032%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.710	−0.108%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0018%	1h	27.710	−0.108%	$1.2M	$1.2M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.725	−0.054%	$349K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.670	−0.252%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.701	−0.141%	$913K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.720	−0.072%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.700	−0.144%	$677K	$781K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.680	−0.216%	$24K	$29K	50x	as long as short