ArbiLayer

BMNR arbitrage

live

Live Bitmine Immersion Technologies (Dinari Tokenized Stock) price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.07%Bybit → Variational · Perp–Perp
Best perp–perp spread+0.23%Bybit → Variational
Markets tracked99 venues · 9 perp · 0 spot · 0 DEX
Price range0.32%$25.05 – $25.13

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$25.06Variational logoVariational$25.11 +0.23%+0.07% +0.23%— 0.000%— LS Chart →
Binance logoBinance$25.07Variational logoVariational$25.11 +0.17%+0.01% +0.17%— 0.000%— LS Chart →
OKX logoOKX$25.08Variational logoVariational$25.11 +0.13%-0.03% +0.13%— 0.000%— LS Chart →
Bitget logoBitget$25.08Variational logoVariational$25.11 +0.12%-0.04% +0.12%— 0.000%— LS Chart →
Bybit logoBybit$25.06Gate logoGate$25.08 +0.10%-0.06% +0.10%— 0.000%— LS Chart →
Gate logoGate$25.09Variational logoVariational$25.11 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
KuCoin logoKuCoin$25.09Variational logoVariational$25.11 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
Bybit logoBybit$25.06Bitget logoBitget$25.08 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
Bybit logoBybit$25.06OKX logoOKX$25.07 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
Bybit logoBybit$25.06KuCoin logoKuCoin$25.07 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
Binance logoBinance$25.07Gate logoGate$25.08 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Binance logoBinance$25.07Bitget logoBitget$25.08 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Bybit logoBybit$25.06Binance logoBinance$25.06 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Binance logoBinance$25.07OKX logoOKX$25.07 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Binance logoBinance$25.07KuCoin logoKuCoin$25.07 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

BMNR price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · BMNR-USDT-SWAPPerpetual $25.07$25.08$25.080.00% 0.000%$2.51M
Bybit logoBybitPerpetual · BMNRUSDTPerpetual $25.05$25.06$25.05-0.09% 0.000%$2.19M
Gate logoGatePerpetual · BMNR_USDTPerpetual $25.08$25.09$25.09+0.04% 0.000%$1.75M
Bitget logoBitgetPerpetual · BMNRUSDTPerpetual $25.08$25.08$25.08+0.03% 0.000%$1.61M
KuCoin logoKuCoinPerpetual · BMNRUSDTMPerpetual $25.07$25.09$25.08+0.02% 0.000%$689.2K
Variational logoVariationalPerpetual · BMNRPerpetual $25.11$25.15$25.13+0.23% 0.000%$295.0K
HTX logoHTXPerpetual · BMNR-USDTPerpetual $25.01$25.12$25.06-0.06% 0.000%$61.8K
Binance logoBinancePerpetual · BMNRUSDTPerpetual $25.06$25.07$25.06-0.04% 0.000%—
Aster logoAsterPerpetual · BMNRUSDTPerpetual $24.96$25.17$25.07-0.04% 0.000%—
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

BMNR arbitrage explained

Right now Bitmine Immersion Technologies (Dinari Tokenized Stock) (BMNR) trades on 9 venues we scan: 9 perpetual markets, 0 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $25.06 and the highest bid on Variational perp at $25.11.

The widest BMNR perpetual spread is between Bybit and Variational: long BMNR on Bybit at $25.06 and short on Variational at $25.11 for +0.23% gross, or +0.07% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

Small BMNR gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: BMNR funding rates · BMNR spread charts · Bitmine Immersion Technologies (Dinari Tokenized Stock) price · arbitrage scanner for all coins.

Is there a BMNR arbitrage opportunity right now?

The best BMNR route right now is to buy on Bybit → sell on Variational (Perp–Perp): +0.23% gross and +0.07% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest BMNR?

Bybit (perp) has the lowest BMNR ask at $25.06, and Variational (perp) the highest bid at $25.11. Prices update every 15 seconds on this page.

How many exchanges list BMNR?

ArbiLayer tracks 9 BMNR markets on 9 venues: 9 perpetual, 0 spot and 0 DEX pools.

How do I arbitrage BMNR without transferring coins?

Use two perpetual contracts: go long BMNR on the cheaper exchange (Bybit now) and short it on the more expensive one (Variational), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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