Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.004%

Price spread now: Binance against QFEX0.000%53s7-day average −0.022% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.358% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.107%+$11 on $10k

Price spread, last 2 days (all we have)−0.064%−$6 · spread now 0.000%, 7d avg −0.022%

Together, before fees+0.044%+$4 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: Binance is 0.022% dearer against QFEX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.022%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BMNR-USD	28.360	−0.0001	get 0.0000% / 1h	33m 43s	$1.2M	$1.7M	10x
Short	Binance BMNRUSDT	28.360	0	get 0.0000% / 8h	7h 33m	$22.4M	$54.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.18
Price spread: 0.000% → −0.022%: $2.24
Slippage, 4 orders: −$15.76
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.33
Costs to cover: 0.358%
Break-even: 1269.5 days

Slippage from QFEX: live order book, 3 min ago; Binance: live order book, 9 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 QFEX live order book, 3 min ago	1.76 bp	6.8 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	3.52 bp	9.0 bp −$9	21.1 bp −$211	95.6 bp −$9,564	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
BloFin BMNR-USDT	−0.0015%	8h	28.360	0.000%	$213K	$58K	20x	as long as short
QFEX BMNR-USDlong	−0.0001%	1h	28.360	long leg	$1.2M	$1.7M	10x
Aster BMNRUSDT	0.0000%	8h	28.384	+0.085%	$53K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.355	−0.017%	$39K	$576K	10x	as long as short
Binance BMNRUSDTshort	0.0000%	8h	28.360	0.000%	$22.4M	$54.3M	25x
Bybit BMNRUSDT	0.0000%	8h	28.369	+0.032%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.380	+0.071%	$3.6M	$6.0M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.370	+0.035%	$4.3M	$9.9M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.382	+0.078%	$2.0M	$1.0M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.401	+0.143%	$317K	$493K	—	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	28.443	+0.293%	$5K	$185K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	28.411	+0.180%	$983	$975K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.358	−0.007%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.380	+0.071%	$1.6M	$1.5M	10x	as long as short
Lighter BMNR	+0.0032%	1h	28.364	+0.014%	$336K	$24K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.380	+0.071%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.400	+0.141%	$37K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.370	+0.035%	$702K	$768K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.410	+0.176%	$25K	$46K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0310%	1h	28.377	+0.060%	$964K	$1.5M	10x	as long as short