Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.006%

Price spread now: BloFin against QFEX−0.036%99s7-day average +0.006% · 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—prices read too far apart to compare

costs, in and out, $10k−$490.486% of the position

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.105%+$10 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.036%, 7d avg +0.006%

Together, before fees+0.109%+$11 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: BloFin is 0.043% cheaper against QFEX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 99 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	27.510	0.0010	pay 0.0001% / 1h	13m 41s	$1.2M	$1.0M	10x
Short	BloFin BMNR-USDT	27.500	0.0017	get 0.0017% / 8h	13m 41s	$208K	$51K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.036%Rate

Funding earned: $1.5
Price spread: −0.036% → +0.006%: −$4.28
Slippage, 4 orders: −$26.63
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.42
Costs to cover: 0.486%
Break-even: 246.9 days

Slippage from QFEX: live order book, 3 min ago; BloFin: live order book, 57 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	1.82 bp	10.4 bp −$10	12.9 bp −$129	doesn't fit	doesn't fit
Sell BloFin live order book, 57 min ago	5.45 bp	12.7 bp −$13	19.7 bp −$197	70.4 bp −$7,039	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
Bitget BMNRUSDT	−0.0476%	8h	27.544	+0.124%	$1.9M	$1.3M	20x	as long as short
tradeXYZ xyz:BMNR	−0.0414%	1h	27.478	−0.116%	$771K	$1.5M	10x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.520	+0.036%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.513	+0.012%	$57K	$360K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.527	+0.060%	$21.6M	$51.2M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.522	+0.044%	$3.2M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.540	+0.109%	$3.5M	$3.9M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.520	+0.036%	$4.1M	$8.5M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.521	+0.039%	$213K	$607K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.520	+0.037%	$6K	$183K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	27.500	−0.036%	$894	$806K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.496	−0.051%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.520	+0.036%	$1.6M	$1.4M	10x	as long as short
Vest BMNR-USD-PERP	+0.0005%	1h	27.490	−0.073%	—	$36K	25x	as long as short
QFEX BMNR-USDlong	+0.0010%	1h	27.510	long leg	$1.2M	$1.0M	10x
BloFin BMNR-USDTshort	+0.0017%	8h	27.500	−0.036%	$208K	$51K	20x
Lighter BMNR	+0.0032%	1h	27.505	−0.018%	$343K	$51K	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.530	+0.073%	$36K	$14K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.490	−0.073%	$670K	$698K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.510	0.000%	$24K	$24K	50x	as long as short