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= −1.4% APRpaid last 24h −0.005%

Price spread now: QFEX against BloFin−0.144%7-day average −0.005% · 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−$59as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.106%−$11 on $10k

Price spread, last 4 days (all we have)+0.567%+$57 · spread now −0.144%, 7d avg −0.005%

Together, before fees+0.461%+$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and QFEX is 0.139% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BMNR-USDT	27.780	0.0025	pay 0.0025% / 8h	5h 46m	—	$61K	20x
Short	QFEX BMNR-USD	27.740	0.0012	get 0.0002% / 1h	46m 25s	$1.2M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. 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 BloFinbpFee QFEXbpOrdersPrice spread, now −0.144%Rate

Funding earned: −$2.6
Price spread: −0.144% → −0.005%: −$13.93
Slippage, 4 orders: −$23.35
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$61.88
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from BloFin: live order book, 74 min ago; QFEX: 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 BloFin live order book, 74 min ago	5.34 bp	13.3 bp −$13	26.9 bp −$269	105.6 bp −$10.6K	doesn't fit
Sell QFEX live order book, 5 min ago	1.80 bp	10.4 bp −$10	15.8 bp −$158	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	−0.0760%	8h	27.774	−0.022%	$1.9M	$929K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.788	+0.030%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.735	−0.161%	$52K	$634K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.750	−0.108%	$22.0M	$52.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.754	−0.094%	$3.2M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.750	−0.108%	$3.5M	$4.3M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.760	−0.072%	$4.2M	$9.5M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.820	+0.142%	$317K	$497K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.825	+0.161%	$6K	$175K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.783	+0.011%	$1K	$892K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.740	−0.144%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.750	−0.108%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USDshort	+0.0012%	1h	27.740	−0.144%	$1.2M	$1.2M	10x
BloFin BMNR-USDTlong	+0.0025%	8h	27.780	long leg	—	$61K	20x
Lighter BMNR	+0.0032%	1h	27.765	−0.054%	$349K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.730	−0.180%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.754	−0.094%	$924K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.780	0.000%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.740	−0.144%	$678K	$807K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.800	+0.072%	$24K	$29K	50x	as long as short