Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.034%

Price spread now: Ondo Perps against OKX−0.179%48s7-day average — · you buy dearer than you sell

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

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.179% cheaper against OKX than usual: you would sell low and buy high (spread −0.179% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 12 days of funding at the current rate (+$2 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BMNR-USDT-SWAP	27.970	0	get 0.0000% / 8h	6h 13m	$3.6M	$4.4M	20x
Short	Ondo Perps BMNR-USD.P	27.920	0.0050	get 0.0006% / 1h	13m 50s	$36K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.179%Rate

Funding earned: $10.58
Price spread: −0.179% → 0.000%: −$17.88
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$22.29
Costs to cover: 0.150%
Break-even: 21.7 days

Slippage unknown: OKX: live order book, 4 min ago; Ondo Perps: no order-book sample. 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 OKX live order book, 4 min ago	3.57 bp	12.6 bp −$13	128.0 bp −$1,280	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BMNR on 19 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	−0.0457%	8h	27.988	+0.064%	$2.0M	$967K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.960	−0.036%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.953	−0.061%	$54K	$635K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.960	−0.036%	$22.2M	$53.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.955	−0.054%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAPlong	0.0000%	8h	27.970	long leg	$3.6M	$4.4M	20x
Gate BMNR_USDT	0.0000%	8h	27.970	0.000%	$4.2M	$9.7M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.970	−0.001%	$312K	$491K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.970	0.000%	$6K	$179K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.952	−0.064%	$973	$931K	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.972	+0.007%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.980	+0.036%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0002%	1h	27.950	−0.072%	$1.2M	$1.3M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.960	−0.036%	$352K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.950	−0.072%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	27.920	−0.179%	$36K	$16K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.950	−0.072%	$683K	$810K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.950	−0.072%	$24K	$39K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0292%	1h	27.974	+0.014%	$943K	$1.5M	10x	as long as short