Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.005%

Price spread now: QFEX against HTX−0.203%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. QFEX is 0.203% cheaper against HTX than usual: you would sell low and buy high (spread −0.203% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 35 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BMNR-USDT	27.626	0	get 0.0000% / 8h	1h 55m	$6K	$40K	20x
Short	QFEX BMNR-USD	27.570	0.0019	get 0.0002% / 1h	55m 33s	$1.2M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now −0.203%Rate

Funding earned: $4.07
Price spread: −0.203% → 0.000%: −$20.27
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$38.21
Costs to cover: 0.220%
Break-even: 72.8 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 1 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 HTX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 1 min ago	3.63 bp	8.6 bp −$9	13.2 bp −$132	doesn't fit	doesn't fit

HTX: 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	−0.0781%	8h	27.597	−0.105%	$1.8M	$1.3M	20x	as long as short
BloFin BMNR-USDT	−0.0025%	8h	27.610	−0.058%	$206K	$52K	20x	as long as short
Vest BMNR-USD-PERP	−0.0004%	1h	27.560	−0.239%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.567	−0.213%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.567	−0.214%	$57K	$498K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.560	−0.239%	$21.6M	$53.0M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.562	−0.232%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.590	−0.130%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.580	−0.167%	$4.1M	$8.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.580	−0.166%	$224K	$607K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BMNR_USDT_Perp	0.0000%	8h	27.616	−0.035%	$6K	$190K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.634	+0.029%	$1K	$864K	10x	as long as short
HTX BMNR-USDTlong	0.0000%	8h	27.626	long leg	$6K	$40K	20x
Phemex BMNRUSDT	0.0000%	8h	27.570	−0.203%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USDshort	+0.0019%	1h	27.570	−0.203%	$1.2M	$1.1M	10x
Lighter BMNR	+0.0032%	1h	27.572	−0.195%	$345K	$52K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.563	−0.228%	$906K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.620	−0.022%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.570	−0.203%	$674K	$732K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.590	−0.130%	$24K	$29K	50x	as long as short