Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h −0.020%

Price spread now: QFEX against OKX−0.142%7-day average −0.063% · 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−$61as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.108%−$11 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.142%, 7d avg −0.063%

Together, before fees−0.075%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.080% cheaper against OKX than usual: you would sell low and buy high (spread −0.142% now, against its 7-day average of −0.063%). If the spread goes back, that is −$8 on $10k: about 5.4 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.108%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BMNR-USDT-SWAP	28.110	0	get 0.0000% / 8h	5h 50m	$3.6M	$2.9M	20x
Short	QFEX BMNR-USD	28.070	0.0049	get 0.0006% / 1h	50m 58s	$1.2M	$954K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now −0.142%Rate

Funding earned: $10.28
Price spread: −0.142% → −0.063%: −$7.95
Slippage, 4 orders: −$33.48
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$51.15
Costs to cover: 0.535%
Break-even: 41.8 days

Slippage from OKX: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	1.78 bp	11.0 bp −$11	119.5 bp −$1,195	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.78 bp	10.3 bp −$10	13.2 bp −$132	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
Aster BMNRUSDT	0.0000%	8h	28.056	−0.192%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.078	−0.114%	$39K	$373K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.085	−0.089%	$21.9M	$45.3M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.078	−0.114%	$3.2M	$1.7M	25x	as long as short
OKX BMNR-USDT-SWAPlong	0.0000%	8h	28.110	long leg	$3.6M	$2.9M	20x
Gate BMNR_USDT	0.0000%	8h	28.080	−0.107%	$4.1M	$7.4M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.105	−0.018%	$1.9M	$1.2M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.088	−0.079%	$217K	$464K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.090	−0.071%	$6K	$163K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	28.095	−0.053%	$1K	$626K	10x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	28.079	−0.110%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.080	−0.107%	$1.6M	$1.4M	10x	as long as short
BloFin BMNR-USDT	+0.0021%	8h	28.090	−0.071%	$215K	$63K	20x	as long as short
Lighter BMNR	+0.0032%	1h	28.098	−0.043%	$353K	$58K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.060	−0.178%	—	$36K	25x	as long as short
QFEX BMNR-USDshort	+0.0049%	1h	28.070	−0.142%	$1.2M	$954K	10x
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.100	−0.036%	$36K	$10K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.060	−0.178%	$683K	$753K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.050	−0.213%	$25K	$23K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0323%	1h	28.083	−0.096%	$1.0M	$1.5M	10x	as long as short