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 −0.043%

Price spread now: QFEX against OKX+0.072%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−$36as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on OKX Short on QFEX

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−0.139%−$14 · spread now +0.072%, 7d avg −0.064%

Together, before fees−0.248%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.136% dearer against OKX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.064%. Mind the row above: over the last 4 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BMNR-USDT-SWAP	27.780	0	get 0.0000% / 8h	5h 48m	$3.6M	$4.3M	20x
Short	QFEX BMNR-USD	27.800	0.0012	get 0.0002% / 1h	48m 04s	$1.2M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $2.57
Price spread: +0.072% → −0.064%: $13.59
Slippage, 4 orders: −$29.28
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$33.12
Costs to cover: 0.493%
Break-even: 97.2 days

Slippage from OKX: live order book, 4 min ago; QFEX: 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 OKX live order book, 4 min ago	3.59 bp	11.0 bp −$11	123.1 bp −$1,231	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.80 bp	10.4 bp −$10	15.8 bp −$158	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	−0.0740%	8h	27.806	+0.094%	$2.0M	$928K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.813	+0.118%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.763	−0.061%	$52K	$634K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.772	−0.030%	$22.0M	$52.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.767	−0.047%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAPlong	0.0000%	8h	27.780	long leg	$3.6M	$4.3M	20x
Gate BMNR_USDT	0.0000%	8h	27.790	+0.036%	$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 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.811	+0.112%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.790	+0.036%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USDshort	+0.0012%	1h	27.800	+0.072%	$1.2M	$1.2M	10x
Lighter BMNR	+0.0032%	1h	27.778	−0.007%	$349K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.770	−0.036%	—	$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	27.850	+0.252%	$36K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.770	−0.036%	$678K	$807K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.790	+0.036%	$24K	$29K	50x	as long as short