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 +0.005%

Price spread now: QFEX against SunX−0.047%7-day average +0.022% · you buy dearer than you sell

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.047%, 7d avg +0.022%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.069% cheaper against SunX than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.022%). If the spread goes back, that is −$7 on $10k: about 24 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BMNR-USDT	27.583	0	get 0.0000% / 8h	47m 28s	$1K	$827K	10x
Short	QFEX BMNR-USD	27.570	0.0010	get 0.0001% / 1h	47m 28s	$1.2M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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 SunXbpFee QFEXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $2.02
Price spread: −0.047% → +0.022%: −$6.94
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$22.92
Costs to cover: 0.180%
Break-even: 86.6 days

Slippage unknown: SunX: live order book, 15 min ago; QFEX: live order book, 4 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 SunX live order book, 15 min ago	500.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	3.63 bp	12.3 bp −$12	17.2 bp −$172	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	−0.0605%	8h	27.589	+0.022%	$1.9M	$1.3M	20x	as long as short
tradeXYZ xyz:BMNR	−0.0387%	1h	27.548	−0.127%	$822K	$1.6M	10x	as long as short
BloFin BMNR-USDT	−0.0021%	8h	27.560	−0.083%	$208K	$54K	20x	as long as short
Vest BMNR-USD-PERP	−0.0003%	1h	27.540	−0.156%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.577	−0.023%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.565	−0.065%	$58K	$343K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.589	+0.022%	$21.7M	$51.8M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.582	−0.004%	$3.2M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.600	+0.062%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.580	−0.011%	$4.1M	$8.4M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BMNR	0.0000%	8h	27.510	−0.266%	$213K	$607K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.523	−0.218%	$5K	$185K	10x	as long as short
SunX BMNR-USDTlong	0.0000%	8h	27.583	long leg	$1K	$827K	10x
HTX BMNR-USDT	0.0000%	8h	27.581	−0.007%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.580	−0.011%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USDshort	+0.0010%	1h	27.570	−0.047%	$1.2M	$1.0M	10x
Lighter BMNR	+0.0032%	1h	27.587	+0.015%	$345K	$50K	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.520	−0.228%	$36K	$14K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.560	−0.083%	$671K	$710K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.570	−0.047%	$24K	$29K	50x	as long as short