Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.145%

Price spread now: tradeXYZ against Variational Omni−0.015%7-day average −0.003% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.453%+$45 on $10k

Price spread, last 4 days (all we have)−0.322%−$32 · spread now −0.015%, 7d avg −0.003%

Together, before fees+0.130%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BMNR	27.780	0	get 0.0000% / 8h	3h 38m	$324K	$504K	—
Short	tradeXYZ xyz:BMNR	27.776	0.0050	get 0.0006% / 1h	38m 08s	$916K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Variational Omni. 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 Variational OmnibpFee tradeXYZbpOrdersPrice spread, now −0.015%Rate

Funding earned: $10.5
Price spread: −0.015% → −0.003%: −$1.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$8.68
Costs to cover: 0.180%
Break-even: 12.8 days

Slippage unknown: Variational Omni: RFQ quote, 16 min ago; tradeXYZ: live order book, 9 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 Variational Omni RFQ quote, 16 min ago	4.70 bp	doesn't fit	28.3 bp −$283	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.90 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	−0.0589%	8h	27.809	+0.104%	$1.9M	$921K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.792	+0.044%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.792	+0.043%	$52K	$621K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.800	+0.071%	$22.0M	$52.2M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.783	+0.010%	$3.2M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.800	+0.071%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.800	+0.071%	$4.2M	$9.0M	50x	as long as short
Variational Omni BMNRlong	0.0000%	8h	27.780	long leg	$324K	$504K	—
GRVT BMNR_USDT_Perp	0.0000%	8h	27.782	+0.005%	$6K	$185K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.829	+0.176%	$1K	$871K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.766	−0.051%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.800	+0.071%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0005%	8h	27.780	0.000%	$208K	$52K	20x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.780	0.000%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.799	+0.068%	$350K	$52K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.760	−0.072%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNRshort	+0.0050%	1h	27.776	−0.015%	$916K	$1.5M	10x
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.740	−0.144%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.790	+0.035%	$679K	$765K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.820	+0.143%	$24K	$29K	50x	as long as short