Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%

Price spread now: KuCoin against Ondo Perps−0.460%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 KuCoin

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. KuCoin is 0.460% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.460% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$46 on $10k: about 31 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BMNR-USD.P	28.260	0.0050	pay 0.0006% / 1h	0m 25s	$37K	$16K	5x
Short	KuCoin BMNRUSDTM	28.130	0.0100	get 0.0100% / 8h	7h 00m	$695K	$770K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.460%Rate

Funding earned: $10.42
Price spread: −0.460% → 0.000%: −$46
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$52.59
Costs to cover: 0.170%
Break-even: 42.3 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 54 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 KuCoin live order book, 54 min ago	14.07 bp	353.7 bp −$354	doesn't fit	doesn't fit	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
QFEX BMNR-USD	−0.0001%	1h	28.120	−0.495%	$1.2M	$1.5M	10x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.151	−0.386%	$53K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.137	−0.437%	$38K	$597K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.134	−0.445%	$22.2M	$52.8M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.135	−0.442%	$3.4M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.130	−0.460%	$3.6M	$4.9M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.140	−0.425%	$4.2M	$10.1M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.153	−0.379%	$2.0M	$988K	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.145	−0.407%	$314K	$492K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.300	+0.142%	$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	28.178	−0.290%	$1K	$945K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.184	−0.269%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.140	−0.425%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0027%	8h	28.160	−0.354%	$212K	$62K	20x	as long as short
Lighter BMNR	+0.0032%	1h	28.133	−0.449%	$354K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.150	−0.389%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	28.260	long leg	$37K	$16K	5x
KuCoin BMNRUSDTMshort	+0.0100%	8h	28.130	−0.460%	$695K	$770K	20x
ApeX Omni BMNRUSDT	+0.0100%	1h	28.210	−0.177%	$25K	$45K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0378%	1h	28.120	−0.495%	$952K	$1.5M	10x	as long as short