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: Bybit against OKX−0.142%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$840.838% of the position

Long on OKX Short on Bybit

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+0.062%+$6 · spread now −0.142%, 7d avg −0.032%

Together, before fees−0.108%−$11 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: Bybit is 0.110% 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 −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BMNR-USDT-SWAP	27.400	0	get 0.0000% / 8h	2h 26m	$3.5M	$4.1M	20x
Short	Bybit BMNRUSDT	27.361	0	get 0.0000% / 8h	2h 26m	$3.2M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → −0.032%: −$11.01
Slippage, 4 orders: −$62.79
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$94.8
Costs to cover: 0.838%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	3.65 bp	16.4 bp −$16	151.6 bp −$1,516	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.65 bp	21.3 bp −$21	131.7 bp −$1,317	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	−0.0901%	8h	27.410	+0.036%	$1.9M	$963K	20x	as long as short
Vest BMNR-USD-PERP	−0.0004%	1h	27.310	−0.328%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.374	−0.096%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.362	−0.137%	$60K	$497K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.370	−0.109%	$21.6M	$52.6M	25x	as long as short
Bybit BMNRUSDTshort	0.0000%	8h	27.361	−0.142%	$3.2M	$2.0M	25x
OKX BMNR-USDT-SWAPlong	0.0000%	8h	27.400	long leg	$3.5M	$4.1M	20x
Gate BMNR_USDT	0.0000%	8h	27.390	−0.036%	$4.1M	$8.9M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.421	+0.076%	$233K	$576K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.474	+0.272%	$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	27.384	−0.058%	$1K	$867K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.367	−0.120%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.370	−0.109%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0006%	8h	27.360	−0.146%	$207K	$51K	20x	as long as short
QFEX BMNR-USD	+0.0013%	1h	27.360	−0.146%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.350	−0.182%	$344K	$52K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.361	−0.142%	$901K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.470	+0.255%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.360	−0.146%	$668K	$741K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.410	+0.036%	$24K	$29K	50x	as long as short