Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.043%

Price spread now: OKX against QFEX+0.036%7-day average +0.064% · 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−$52as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.109%+$11 on $10k

Price spread, last 7 days+0.065%+$6 · spread now +0.036%, 7d avg +0.064%

Together, before fees+0.174%+$17 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 OKX is 0.028% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.064%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.109%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BMNR-USD	27.880	0.0012	pay 0.0002% / 1h	29m 39s	$1.2M	$1.2M	10x
Short	OKX BMNR-USDT-SWAP	27.890	0	get 0.0000% / 8h	5h 29m	$3.6M	$4.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$2.57
Price spread: +0.036% → +0.064%: −$2.85
Slippage, 4 orders: −$28.79
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$54.21
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; OKX: 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 QFEX live order book, 2 min ago	3.58 bp	8.6 bp −$9	12.4 bp −$124	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.79 bp	13.3 bp −$13	98.1 bp −$981	doesn't fit	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	−0.0763%	8h	27.891	+0.039%	$1.9M	$938K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.853	−0.096%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.863	−0.061%	$53K	$632K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.871	−0.031%	$22.1M	$52.8M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.866	−0.050%	$3.3M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAPshort	0.0000%	8h	27.890	+0.036%	$3.6M	$4.3M	20x
Gate BMNR_USDT	0.0000%	8h	27.880	0.000%	$4.2M	$9.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.899	+0.069%	$318K	$497K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.896	+0.059%	$5K	$176K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.869	−0.039%	$1K	$891K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.930	+0.179%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.870	−0.036%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USDlong	+0.0012%	1h	27.880	long leg	$1.2M	$1.2M	10x
BloFin BMNR-USDT	+0.0024%	8h	27.890	+0.036%	$210K	$61K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.893	+0.047%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.860	−0.072%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.872	−0.029%	$927K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.880	0.000%	$36K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.850	−0.108%	$681K	$802K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.890	+0.036%	$24K	$29K	50x	as long as short