Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.005%

Price spread now: Binance against Ondo Perps−0.073%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 6 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.073% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BMNR-USD.P	27.530	0.0050	pay 0.0006% / 1h	10m 09s	$36K	$14K	5x
Short	Binance BMNRUSDT	27.510	0	get 0.0000% / 8h	10m 09s	$21.5M	$51.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now −0.073%Rate

Funding earned: −$10.58
Price spread: −0.073% → 0.000%: −$7.26
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$32.85
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 2 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	3.63 bp	9.4 bp −$9	31.5 bp −$315	103.4 bp −$10.3K	doesn't fit

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 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	−0.0461%	8h	27.532	+0.007%	$1.9M	$1.3M	20x	as long as short
tradeXYZ xyz:BMNR	−0.0397%	1h	27.482	−0.174%	$765K	$1.5M	10x	as long as short
BloFin BMNR-USDT	−0.0029%	8h	27.510	−0.073%	$207K	$51K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.509	−0.078%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.503	−0.097%	$57K	$360K	10x	as long as short
Binance BMNRUSDTshort	0.0000%	8h	27.510	−0.073%	$21.5M	$51.2M	25x
Bybit BMNRUSDT	0.0000%	8h	27.511	−0.069%	$3.2M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.530	0.000%	$3.5M	$3.9M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.510	−0.073%	$4.1M	$8.5M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.492	−0.140%	$213K	$607K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BMNR_USDT_Perp	0.0000%	8h	27.524	−0.023%	$6K	$182K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.514	−0.058%	$894	$805K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.546	+0.058%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.510	−0.073%	$1.6M	$1.4M	10x	as long as short
Vest BMNR-USD-PERP	+0.0004%	1h	27.460	−0.254%	—	$36K	25x	as long as short
QFEX BMNR-USD	+0.0010%	1h	27.500	−0.109%	$1.2M	$1.0M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.531	+0.004%	$344K	$53K	10x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	27.530	long leg	$36K	$14K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.500	−0.109%	$671K	$698K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.500	−0.109%	$24K	$23K	50x	as long as short