Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: Variational Omni against Ondo Perps+0.110%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.110% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.110% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BMNR-USD.P	27.510	0.0050	pay 0.0006% / 1h	25m 48s	$36K	$15K	5x
Short	Variational Omni BMNR	27.540	0	get 0.0000% / 8h	1h 25m	$213K	$616K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.110%Rate

Funding earned: −$10.58
Price spread: +0.110% → 0.000%: $10.97
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.61
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 18 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 Variational Omni RFQ quote, 18 min ago	4.75 bp	doesn't fit	38.5 bp −$385	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
Bitget BMNRUSDT	−0.0802%	8h	27.588	+0.284%	$1.8M	$1.3M	20x	as long as short
BloFin BMNR-USDT	−0.0018%	8h	27.500	−0.036%	$207K	$51K	20x	as long as short
Vest BMNR-USD-PERP	−0.0004%	1h	27.480	−0.109%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.525	+0.053%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.548	+0.137%	$58K	$348K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.555	+0.164%	$21.6M	$52.6M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.557	+0.171%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.560	+0.182%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.550	+0.145%	$4.1M	$8.6M	50x	as long as short
Variational Omni BMNRshort	0.0000%	8h	27.540	+0.110%	$213K	$616K	—

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	27.467	−0.156%	$6K	$188K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.533	+0.084%	$1K	$850K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.517	+0.025%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.540	+0.109%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0019%	1h	27.530	+0.073%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.561	+0.185%	$344K	$52K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.534	+0.087%	$904K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	27.510	long leg	$36K	$15K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.530	+0.073%	$673K	$724K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.460	−0.182%	$24K	$29K	50x	as long as short