Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.006%

Price spread now: SunX against QFEX+0.043%7-day average −0.024% · you sell dearer than you buy

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

Long on QFEX Short on SunX

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 3 days (all we have)−0.095%−$9 · spread now +0.043%, 7d avg −0.024%

Together, before fees−0.108%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.067% dearer against QFEX than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.024%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BMNR-USD	27.820	0.0012	pay 0.0002% / 1h	50m 15s	$1.2M	$1.3M	10x
Short	SunX BMNR-USDT	27.832	0	get 0.0000% / 8h	5h 50m	$1K	$893K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$2.57
Price spread: +0.043% → −0.024%: $6.74
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.83
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 1 min ago; SunX: live order book, 62 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 QFEX live order book, 1 min ago	1.80 bp	10.4 bp −$10	14.9 bp −$149	doesn't fit	doesn't fit
Sell SunX live order book, 62 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

BMNR on 19 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	−0.0724%	8h	27.831	+0.040%	$2.0M	$927K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.850	+0.108%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.791	−0.104%	$52K	$634K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.800	−0.072%	$22.1M	$52.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.806	−0.050%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.820	0.000%	$3.6M	$4.3M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.820	0.000%	$4.2M	$9.5M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.820	−0.002%	$317K	$497K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.801	−0.068%	$5K	$177K	10x	as long as short
SunX BMNR-USDTshort	0.0000%	8h	27.832	+0.043%	$1K	$893K	10x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.841	+0.075%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.800	−0.072%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USDlong	+0.0012%	1h	27.820	long leg	$1.2M	$1.3M	10x
Lighter BMNR	+0.0032%	1h	27.841	+0.075%	$350K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.790	−0.108%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.788	−0.115%	$925K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.850	+0.108%	$36K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.810	−0.036%	$680K	$808K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.790	−0.108%	$24K	$29K	50x	as long as short