Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.044%

Price spread now: QFEX against OKX−0.145%7-day average −0.065% · 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−$62as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.108%−$11 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.145%, 7d avg −0.065%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.081% cheaper against OKX than usual: you would sell low and buy high (spread −0.145% now, against its 7-day average of −0.065%). If the spread goes back, that is −$8 on $10k: about 28 days of funding at the current rate ($0 a day). Mind the row above: over the last 4 days funding on this pair cost −0.108%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BMNR-USDT-SWAP	27.530	0	get 0.0000% / 8h	31m 59s	$3.5M	$4.1M	20x
Short	QFEX BMNR-USD	27.490	0.0010	get 0.0001% / 1h	31m 59s	$1.2M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now −0.145%Rate

Funding earned: $2.02
Price spread: −0.145% → −0.065%: −$8.06
Slippage, 4 orders: −$33.98
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$60.02
Costs to cover: 0.540%
Break-even: 215.4 days

Slippage from OKX: live order book, just now; 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 OKX live order book, just now	3.63 bp	13.3 bp −$13	124.1 bp −$1,241	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	3.64 bp	12.3 bp −$12	17.4 bp −$174	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	−0.0534%	8h	27.531	+0.004%	$1.8M	$1.3M	20x	as long as short
tradeXYZ xyz:BMNR	−0.0406%	1h	27.460	−0.254%	$810K	$1.6M	10x	as long as short
BloFin BMNR-USDT	−0.0010%	8h	27.490	−0.145%	$207K	$54K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.515	−0.056%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.491	−0.140%	$58K	$357K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.506	−0.088%	$21.6M	$51.6M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.503	−0.098%	$3.2M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAPlong	0.0000%	8h	27.530	long leg	$3.5M	$4.1M	20x
Gate BMNR_USDT	0.0000%	8h	27.500	−0.109%	$4.1M	$8.5M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.500	−0.110%	$213K	$607K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BMNR_USDT_Perp	0.0000%	8h	27.500	−0.109%	$5K	$185K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.516	−0.051%	$1K	$817K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.504	−0.094%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.490	−0.145%	$1.6M	$1.5M	10x	as long as short
Vest BMNR-USD-PERP	+0.0007%	1h	27.460	−0.254%	—	$36K	25x	as long as short
QFEX BMNR-USDshort	+0.0010%	1h	27.490	−0.145%	$1.2M	$1.0M	10x
Lighter BMNR	+0.0032%	1h	27.525	−0.018%	$344K	$50K	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.460	−0.254%	$36K	$14K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.490	−0.145%	$670K	$703K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.480	−0.182%	$24K	$29K	50x	as long as short