Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.003%

Price spread now: BloFin against QFEX+0.141%7-day average +0.006% · 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−$28as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.104%+$10 on $10k

Price spread, last 3 days (all we have)−0.195%−$19 · spread now +0.141%, 7d avg +0.006%

Together, before fees−0.091%−$9 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 BloFin is 0.135% dearer against QFEX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BMNR-USD	28.360	−0.0001	get 0.0000% / 1h	21m 59s	$1.2M	$1.6M	10x
Short	BloFin BMNR-USDT	28.400	0.0009	get 0.0009% / 8h	7h 21m	$213K	$58K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.141%Rate

Funding earned: $2.16
Price spread: +0.141% → +0.006%: $13.49
Slippage, 4 orders: −$19.99
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$26.34
Costs to cover: 0.420%
Break-even: 92.2 days

Slippage from QFEX: live order book, 5 min ago; BloFin: live order book, 43 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 QFEX live order book, 5 min ago	1.76 bp	10.3 bp −$10	12.8 bp −$128	doesn't fit	doesn't fit
Sell BloFin live order book, 43 min ago	3.51 bp	12.0 bp −$12	22.5 bp −$225	64.7 bp −$6,469	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
QFEX BMNR-USDlong	−0.0001%	1h	28.360	long leg	$1.2M	$1.6M	10x
Aster BMNRUSDT	0.0000%	8h	28.378	+0.064%	$53K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.342	−0.064%	$41K	$594K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.350	−0.035%	$22.4M	$54.0M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.369	+0.032%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.370	+0.035%	$3.6M	$6.0M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.370	+0.035%	$4.3M	$10.0M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.398	+0.134%	$2.0M	$1.0M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.410	+0.177%	$317K	$493K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.399	+0.139%	$6K	$182K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	28.365	+0.018%	$928	$968K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.417	+0.201%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.340	−0.071%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDTshort	+0.0009%	8h	28.400	+0.141%	$213K	$58K	20x
Lighter BMNR	+0.0032%	1h	28.374	+0.049%	$337K	$31K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.400	+0.141%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.400	+0.141%	$37K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.360	0.000%	$700K	$768K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.420	+0.212%	$25K	$46K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0363%	1h	28.372	+0.042%	$964K	$1.5M	10x	as long as short