Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h +0.043%

Price spread now: OKX against QFEX+0.036%7-day average +0.064% · 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−$54as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.109%+$11 on $10k

Price spread, last 7 days+0.078%+$8 · spread now +0.036%, 7d avg +0.064%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.028% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.064%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.109%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BMNR-USD	27.810	0.0018	pay 0.0002% / 1h	9m 32s	$1.2M	$1.1M	10x
Short	OKX BMNR-USDT-SWAP	27.820	0	get 0.0000% / 8h	4h 09m	$3.5M	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$3.73
Price spread: +0.036% → +0.064%: −$2.79
Slippage, 4 orders: −$30.89
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$57.4
Costs to cover: 0.509%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago	3.60 bp	8.6 bp −$9	12.9 bp −$129	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	3.60 bp	16.8 bp −$17	111.0 bp −$1,110	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	−0.0702%	8h	27.839	+0.104%	$1.9M	$932K	20x	as long as short
BloFin BMNR-USDT	−0.0007%	8h	27.810	0.000%	$209K	$52K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.801	−0.034%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.811	+0.002%	$52K	$628K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.818	+0.028%	$22.0M	$52.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.800	−0.036%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAPshort	0.0000%	8h	27.820	+0.036%	$3.5M	$4.2M	20x
Gate BMNR_USDT	0.0000%	8h	27.810	0.000%	$4.2M	$9.3M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.800	−0.036%	$324K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.806	−0.014%	$6K	$183K	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	27.788	−0.079%	$881	$886K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.772	−0.137%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.820	+0.036%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USDlong	+0.0018%	1h	27.810	long leg	$1.2M	$1.1M	10x
Lighter BMNR	+0.0032%	1h	27.800	−0.036%	$350K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.780	−0.108%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.800	−0.036%	$916K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.790	−0.072%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.800	−0.036%	$679K	$771K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.780	−0.108%	$24K	$29K	50x	as long as short