Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.016%

Price spread now: Variational Omni against Vest+0.109%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.109% dearer against Vest than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BMNR-USD-PERP	27.650	0.0046	pay 0.0006% / 1h	13m 59s	—	$36K	25x
Short	Variational Omni BMNR	27.680	0	get 0.0000% / 8h	3h 13m	$323K	$504K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.109%Rate

Funding earned: −$9.59
Price spread: +0.109% → 0.000%: $10.91
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.69
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 40 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 Variational Omni RFQ quote, 40 min ago	4.70 bp	doesn't fit	29.8 bp −$298	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	−0.0638%	8h	27.711	+0.221%	$1.9M	$921K	20x	as long as short
BloFin BMNR-USDT	−0.0002%	8h	27.680	+0.108%	$209K	$52K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.689	+0.140%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.665	+0.056%	$57K	$622K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.674	+0.085%	$21.9M	$52.3M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.678	+0.101%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.720	+0.253%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.690	+0.145%	$4.1M	$9.1M	50x	as long as short
Variational Omni BMNRshort	0.0000%	8h	27.680	+0.109%	$323K	$504K	—
GRVT BMNR_USDT_Perp	0.0000%	8h	27.676	+0.095%	$6K	$189K	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	27.669	+0.069%	$1K	$866K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.636	−0.051%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.670	+0.072%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.670	+0.072%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.701	+0.184%	$348K	$52K	10x	as long as short
Vest BMNR-USD-PERPlong	+0.0046%	1h	27.650	long leg	—	$36K	25x
tradeXYZ xyz:BMNR	+0.0050%	1h	27.674	+0.087%	$911K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.700	+0.181%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.660	+0.036%	$676K	$756K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.660	+0.036%	$24K	$29K	50x	as long as short