Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.003%

Price spread now: QFEX against Bitget−0.081%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$730.727% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.081%, 7d avg −0.052%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.029% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BMNRUSDT	28.293	0	get 0.0000% / 8h	1h 27m	$2.0M	$1.1M	20x
Short	QFEX BMNR-USD	28.270	−0.0003	pay 0.0000% / 1h	27m 10s	$1.2M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$0.54
Price spread: −0.081% → −0.052%: −$2.94
Slippage, 4 orders: −$50.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$76.13
Costs to cover: 0.727%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; QFEX: live order book, 5 min ago.

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 Bitget live order book, 5 min ago	2.83 bp	31.7 bp −$32	60.4 bp −$604	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.77 bp	10.3 bp −$10	12.1 bp −$121	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
QFEX BMNR-USDshort	−0.0003%	1h	28.270	−0.081%	$1.2M	$1.8M	10x
Aster BMNRUSDT	0.0000%	8h	28.296	+0.012%	$53K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.282	−0.040%	$40K	$462K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.285	−0.027%	$22.4M	$55.3M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.278	−0.053%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.300	+0.025%	$3.6M	$6.0M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.280	−0.046%	$3.8M	$10.3M	50x	as long as short
Bitget BMNRUSDTlong	0.0000%	8h	28.293	long leg	$2.0M	$1.1M	20x
Variational Omni BMNR	0.0000%	8h	28.281	−0.041%	$323K	$477K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.280	−0.045%	$5K	$194K	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	28.305	+0.042%	$1K	$1.0M	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.310	+0.060%	$6K	$39K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.290	−0.011%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0020%	8h	28.280	−0.046%	$211K	$59K	20x	as long as short
Lighter BMNR	+0.0032%	1h	28.290	−0.011%	$336K	$23K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.300	+0.025%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	28.260	−0.117%	$947K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.270	−0.081%	$37K	$27K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.270	−0.081%	$703K	$770K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.300	+0.025%	$25K	$107K	50x	as long as short