Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.017%

Price spread now: Phemex against Vest+0.216%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.216% dearer against Vest than usual: you sell high and buy low (spread +0.216% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BMNR-USD-PERP	27.760	0.0046	pay 0.0006% / 1h	10m 01s	—	$36K	25x
Short	Phemex BMNRUSDT	27.820	0	get 0.0000% / 8h	4h 10m	$1.6M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Vest. 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 VestbpFee PhemexbpOrdersPrice spread, now +0.216%Rate

Funding earned: −$9.59
Price spread: +0.216% → 0.000%: $21.61
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$1.98
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Phemex: live order book, 3 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 Vest no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	5.40 bp	49.8 bp −$50	doesn't fit	doesn't fit	doesn't fit

Vest: 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	−0.0706%	8h	27.837	+0.277%	$1.9M	$932K	20x	as long as short
BloFin BMNR-USDT	−0.0007%	8h	27.810	+0.180%	$209K	$52K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.800	+0.144%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.807	+0.169%	$52K	$628K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.819	+0.213%	$22.0M	$52.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.806	+0.166%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.820	+0.216%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.810	+0.180%	$4.2M	$9.3M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.800	+0.144%	$324K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.770	+0.035%	$6K	$183K	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	27.788	+0.101%	$881	$886K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.772	+0.043%	$5K	$40K	20x	as long as short
Phemex BMNRUSDTshort	0.0000%	8h	27.820	+0.216%	$1.6M	$1.5M	10x
QFEX BMNR-USD	+0.0018%	1h	27.790	+0.108%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.800	+0.144%	$350K	$53K	10x	as long as short
Vest BMNR-USD-PERPlong	+0.0046%	1h	27.760	long leg	—	$36K	25x
tradeXYZ xyz:BMNR	+0.0050%	1h	27.800	+0.144%	$916K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.790	+0.108%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.800	+0.144%	$679K	$771K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.760	0.000%	$24K	$29K	50x	as long as short