Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0012%/8h= +1.4% APRpaid last 24h +0.005%

Price spread now: QFEX against HTX+0.123%7-day average — · you sell dearer than you buy

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

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.123% dearer against HTX than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BMNR-USDT	27.636	0	get 0.0000% / 8h	3h 14m	$5K	$40K	20x
Short	QFEX BMNR-USD	27.670	0.0012	get 0.0002% / 1h	14m 35s	$1.2M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now +0.123%Rate

Funding earned: $2.62
Price spread: +0.123% → 0.000%: $12.3
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$7.08
Costs to cover: 0.220%
Break-even: 25.9 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 2 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 HTX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 2 min ago	3.61 bp	12.2 bp −$12	16.6 bp −$166	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0638%	8h	27.715	+0.286%	$1.9M	$921K	20x	as long as short
BloFin BMNR-USDT	−0.0002%	8h	27.680	+0.159%	$209K	$52K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.688	+0.189%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.669	+0.121%	$57K	$622K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.676	+0.146%	$21.9M	$52.3M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.679	+0.156%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.720	+0.304%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.690	+0.195%	$4.1M	$9.1M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.680	+0.160%	$323K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.676	+0.146%	$6K	$189K	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	27.687	+0.185%	$1K	$866K	10x	as long as short
HTX BMNR-USDTlong	0.0000%	8h	27.636	long leg	$5K	$40K	20x
Phemex BMNRUSDT	0.0000%	8h	27.680	+0.159%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USDshort	+0.0012%	1h	27.670	+0.123%	$1.2M	$1.1M	10x
Lighter BMNR	+0.0032%	1h	27.700	+0.232%	$348K	$52K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.650	+0.051%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.688	+0.188%	$912K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.700	+0.232%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.680	+0.159%	$677K	$756K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.660	+0.087%	$24K	$29K	50x	as long as short