Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.005%

Price spread now: Gate against QFEX+0.146%7-day average +0.030% · 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−$50as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on QFEX Short on Gate

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−0.099%−$10 · spread now +0.146%, 7d avg +0.030%

Together, before fees−0.112%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.116% dearer against QFEX than usual: you sell high and buy low (spread +0.146% now, against its 7-day average of +0.030%): +$12 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 31 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BMNR-USD	27.390	0.0013	pay 0.0002% / 1h	23m 25s	$1.2M	$1.1M	10x
Short	Gate BMNR_USDT	27.430	0	get 0.0000% / 8h	2h 23m	$4.1M	$8.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.146%Rate

Funding earned: −$2.64
Price spread: +0.146% → +0.030%: $11.62
Slippage, 4 orders: −$37.1
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$53.11
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Gate: live order book, 5 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, 3 min ago	7.31 bp	12.3 bp −$12	17.4 bp −$174	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.47 bp	22.1 bp −$22	140.3 bp −$1,403	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	−0.0927%	8h	27.472	+0.299%	$1.9M	$966K	20x	as long as short
BloFin BMNR-USDT	−0.0011%	8h	27.380	−0.037%	$208K	$52K	20x	as long as short
Vest BMNR-USD-PERP	−0.0007%	1h	27.350	−0.146%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.398	+0.029%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.382	−0.028%	$60K	$494K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.390	0.000%	$21.5M	$52.6M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.402	+0.044%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.450	+0.219%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDTshort	0.0000%	8h	27.430	+0.146%	$4.1M	$8.9M	50x
Variational Omni BMNR	0.0000%	8h	27.370	−0.071%	$212K	$596K	—	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	27.447	+0.206%	$6K	$190K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.434	+0.161%	$1K	$867K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.436	+0.168%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.440	+0.183%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USDlong	+0.0013%	1h	27.390	long leg	$1.2M	$1.1M	10x
Lighter BMNR	+0.0032%	1h	27.414	+0.088%	$345K	$54K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.375	−0.055%	$901K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.390	0.000%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.380	−0.037%	$669K	$741K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.360	−0.110%	$24K	$29K	50x	as long as short