Settings8H · net · $10k
Funding arb · Price arb /

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0001%/8h= −0.2% APRpaid last 24h −0.068%
Price spread now: QFEX against BloFin+0.177%99s7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$440.440% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.103%−$10 on $10k
Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.177%, 7d avg −0.004%
Together, before fees−0.126%−$13 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 0.181% dearer against BloFin than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BMNR-USDT28.290−0.0001get 0.0001% / 8h1h 03m$212K$58K20x
ShortQFEX BMNR-USD28.340−0.0003pay 0.0000% / 1h3m 33s$1.2M$1.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. 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

Funding earned
−$0.31
Price spread: +0.177% → −0.004%
$18.07
Slippage, 4 orders
−$21.99
Fee BloFin: 6 bp × 2 orders
−$12
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$26.23
Costs to cover
0.440%
Break-even
never at this rate
Slippage from BloFin: live order book, 7 min ago; QFEX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 7 min ago3.54 bp13.9 bp −$1424.6 bp −$24660.7 bp −$6,068doesn't fit
Sell QFEX live order book, 3 min ago1.77 bp10.3 bp −$1015.3 bp −$153doesn't fitdoesn't fit

BMNR on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX BMNR-USDshort−0.0003%1h28.340+0.177%$1.2M$1.8M10x
BloFin BMNR-USDTlong−0.0001%8h28.290long leg$212K$58K20x
Aster BMNRUSDT0.0000%8h28.350+0.212%$53K$98K20xas long as short
Extended BMNR-USD0.0000%1h28.335+0.157%$40K$462K10xas long as short
Binance BMNRUSDT0.0000%8h28.340+0.177%$22.5M$55.1M25xas long as short
Bybit BMNRUSDT0.0000%8h28.338+0.170%$3.4M$2.0M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h28.350+0.212%$3.6M$6.0M20xas long as short
Gate BMNR_USDT0.0000%8h28.340+0.177%$3.8M$10.3M50xas long as short
Bitget BMNRUSDT0.0000%8h28.340+0.177%$2.0M$1.1M20xas long as short
Variational Omni BMNR0.0000%8h28.301+0.040%$325K$484Kas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BMNR_USDT_Perp0.0000%8h28.310+0.071%$5K$190K10xas long as short
SunX BMNR-USDT0.0000%8h28.340+0.177%$1K$1.0M10xas long as short
HTX BMNR-USDT0.0000%8h28.291+0.004%$5K$39K20xas long as short
Phemex BMNRUSDT0.0000%8h28.330+0.141%$1.6M$1.5M10xas long as short
Lighter BMNR+0.0032%1h28.346+0.198%$337K$23K10xas long as short
Vest BMNR-USD-PERP+0.0046%1h28.370+0.283%$36K25xas long as short
tradeXYZ xyz:BMNR+0.0050%1h28.347+0.201%$950K$1.5M10xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h28.330+0.141%$37K$26K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h28.330+0.141%$701K$776K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h28.280−0.035%$25K$83K50xas long as short