Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h +0.005%

Price spread now: QFEX against Gate−0.071%7-day average −0.029% · 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−$64as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$1 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.071%, 7d avg −0.029%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and QFEX is 0.042% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BMNR_USDT	28.020	0	get 0.0000% / 8h	4h 48m	$4.1M	$7.3M	50x
Short	QFEX BMNR-USD	28.000	−0.0016	pay 0.0002% / 1h	48m 52s	$1.2M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$3.44
Price spread: −0.071% → −0.029%: −$4.21
Slippage, 4 orders: −$34.84
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$67.49
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago	5.35 bp	18.6 bp −$19	70.1 bp −$701	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	3.56 bp	12.1 bp −$12	16.1 bp −$161	doesn't fit	doesn't fit

BMNR on 20 exchanges

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	−0.0016%	1h	28.000	−0.071%	$1.2M	$1.0M	10x
Aster BMNRUSDT	0.0000%	8h	28.027	+0.025%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.002	−0.065%	$40K	$374K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.015	−0.018%	$21.7M	$44.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.021	+0.004%	$3.2M	$1.7M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.040	+0.071%	$3.6M	$2.8M	20x	as long as short
Gate BMNR_USDTlong	0.0000%	8h	28.020	long leg	$4.1M	$7.3M	50x
Bitget BMNRUSDT	0.0000%	8h	28.012	−0.029%	$1.9M	$1.2M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.053	+0.116%	$217K	$391K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.061	+0.146%	$5K	$162K	10x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	28.043	+0.082%	$953	$596K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.008	−0.043%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.990	−0.107%	$1.6M	$1.4M	10x	as long as short
BloFin BMNR-USDT	+0.0027%	8h	28.000	−0.071%	$217K	$60K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.983	−0.132%	$352K	$55K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.020	0.000%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.030	+0.036%	$36K	$11K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.000	−0.071%	$681K	$801K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.040	+0.071%	$25K	$23K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0306%	1h	28.015	−0.018%	$1.0M	$1.5M	10x	as long as short