Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.005%

Price spread now: BloFin against Ondo Perps+0.180%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on BloFin

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

The price spread pays, funding is against you. BloFin is 0.180% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.180% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BMNR-USD.P	27.740	0.0050	pay 0.0006% / 1h	40m 06s	$36K	$15K	5x
Short	BloFin BMNR-USDT	27.790	−0.0002	pay 0.0002% / 8h	3h 40m	$208K	$52K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$11.01
Price spread: +0.180% → 0.000%: $18.02
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$9.99
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 51 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 BloFin live order book, 51 min ago	3.60 bp	9.6 bp −$10	19.0 bp −$190	68.2 bp −$6,820	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	−0.0595%	8h	27.796	+0.202%	$1.9M	$921K	20x	as long as short
BloFin BMNR-USDTshort	−0.0002%	8h	27.790	+0.180%	$208K	$52K	20x
Aster BMNRUSDT	0.0000%	8h	27.771	+0.111%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.779	+0.140%	$52K	$619K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.787	+0.168%	$22.0M	$52.2M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.769	+0.105%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.780	+0.144%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.780	+0.144%	$4.2M	$9.0M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.780	+0.145%	$324K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.810	+0.251%	$5K	$185K	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	27.829	+0.321%	$1K	$871K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.768	+0.101%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.800	+0.216%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.780	+0.144%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.792	+0.187%	$350K	$52K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.750	+0.036%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.778	+0.137%	$916K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	27.740	long leg	$36K	$15K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.770	+0.108%	$679K	$764K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.820	+0.288%	$24K	$29K	50x	as long as short