Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.025%

Price spread now: QFEX against KuCoin0.000%7-day average +0.046% · 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−$573as in the Price arb table

costs, in and out, $10k−$5685.683% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now 0.000%, 7d avg +0.046%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.046% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BMNRUSDTM	27.770	0.0100	pay 0.0100% / 8h	3h 39m	$678K	$764K	20x
Short	QFEX BMNR-USD	27.770	0.0012	get 0.0002% / 1h	39m 06s	$1.2M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$18.38
Price spread: 0.000% → +0.046%: −$4.58
Slippage, 4 orders: −$546.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$591.25
Costs to cover: 5.683%
Break-even: never at this rate

Slippage from KuCoin: live order book, 50 min ago; QFEX: live order book, 2 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 KuCoin live order book, 50 min ago	19.80 bp	204.4 bp −$204	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	3.60 bp	8.6 bp −$9	12.2 bp −$122	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	−0.0592%	8h	27.792	+0.079%	$1.9M	$921K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.768	−0.006%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.762	−0.028%	$52K	$619K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.770	0.000%	$22.0M	$52.2M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.768	−0.007%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.790	+0.072%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.780	+0.036%	$4.2M	$9.0M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.780	+0.037%	$324K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.782	+0.042%	$6K	$185K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.829	+0.212%	$1K	$871K	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	27.766	−0.014%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.770	0.000%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0005%	8h	27.780	+0.036%	$208K	$52K	20x	as long as short
QFEX BMNR-USDshort	+0.0012%	1h	27.770	0.000%	$1.2M	$1.1M	10x
Lighter BMNR	+0.0032%	1h	27.793	+0.083%	$350K	$52K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.750	−0.072%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.762	−0.029%	$915K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.740	−0.108%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTMlong	+0.0100%	8h	27.770	long leg	$678K	$764K	20x
ApeX Omni BMNRUSDT	+0.0100%	1h	27.820	+0.180%	$24K	$29K	50x	as long as short