Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.005%

Price spread now: QFEX against Gate−0.073%7-day average −0.030% · 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−$56as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.073%, 7d avg −0.030%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.043% cheaper against Gate than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of −0.030%). If the spread goes back, that is −$4 on $10k: about 7.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BMNR_USDT	27.550	0	get 0.0000% / 8h	1h 52m	$4.1M	$8.6M	50x
Short	QFEX BMNR-USD	27.530	0.0019	get 0.0002% / 1h	52m 16s	$1.2M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $4.07
Price spread: −0.073% → −0.030%: −$4.28
Slippage, 4 orders: −$26.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$51.49
Costs to cover: 0.513%
Break-even: 95.7 days

Slippage from Gate: live order book, 1 min ago; QFEX: live order book, 4 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 Gate live order book, 1 min ago	3.63 bp	18.0 bp −$18	129.0 bp −$1,290	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	3.63 bp	8.6 bp −$9	13.2 bp −$132	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	−0.0771%	8h	27.568	+0.065%	$1.8M	$1.3M	20x	as long as short
Vest BMNR-USD-PERP	−0.0003%	1h	27.510	−0.145%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.541	−0.032%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.527	−0.084%	$57K	$498K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.530	−0.071%	$21.6M	$53.0M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.529	−0.076%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.550	0.000%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDTlong	0.0000%	8h	27.550	long leg	$4.1M	$8.6M	50x
Variational Omni BMNR	0.0000%	8h	27.580	+0.110%	$224K	$607K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.577	+0.099%	$6K	$190K	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	27.550	0.000%	$1K	$864K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.484	−0.240%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.540	−0.036%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USDshort	+0.0019%	1h	27.530	−0.073%	$1.2M	$1.1M	10x
BloFin BMNR-USDT	+0.0027%	8h	27.560	+0.036%	$206K	$52K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.562	+0.044%	$344K	$52K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.534	−0.058%	$905K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.520	−0.109%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.550	0.000%	$673K	$731K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.590	+0.145%	$24K	$29K	50x	as long as short