Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.006%

Price spread now: QFEX against SunX−0.021%7-day average +0.028% · you buy dearer than you sell

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.021%, 7d avg +0.028%

Together, before fees+0.170%+$17 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: QFEX is 0.049% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BMNR-USDT	28.306	0	get 0.0000% / 8h	1h 16m	$1K	$1.0M	10x
Short	QFEX BMNR-USD	28.300	−0.0003	pay 0.0000% / 1h	16m 01s	$1.2M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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 SunXbpFee QFEXbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$0.54
Price spread: −0.021% → +0.028%: −$4.92
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$23.46
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; QFEX: live order book, 6 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 SunX live order book, 7 min ago	255.30 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	3.53 bp	12.0 bp −$12	15.9 bp −$159	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
QFEX BMNR-USDshort	−0.0003%	1h	28.300	−0.021%	$1.2M	$1.8M	10x
Aster BMNRUSDT	0.0000%	8h	28.333	+0.094%	$53K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.287	−0.065%	$40K	$462K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.293	−0.047%	$22.4M	$55.2M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.302	−0.014%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.320	+0.049%	$3.6M	$6.0M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.310	+0.014%	$3.8M	$10.3M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.312	+0.021%	$2.0M	$1.1M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.306	+0.002%	$325K	$479K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.300	−0.022%	$5K	$192K	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-USDTlong	0.0000%	8h	28.306	long leg	$1K	$1.0M	10x
HTX BMNR-USDT	0.0000%	8h	28.327	+0.074%	$5K	$39K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.290	−0.057%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0001%	8h	28.320	+0.049%	$211K	$59K	20x	as long as short
Lighter BMNR	+0.0032%	1h	28.307	+0.004%	$336K	$23K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.350	+0.155%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	28.296	−0.035%	$948K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.260	−0.163%	$37K	$27K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.300	−0.021%	$700K	$773K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.320	+0.049%	$25K	$107K	50x	as long as short