Settings8H · net · $10k
Funding arb · Price arb /

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.006%
Price spread now: Bybit against QFEX+0.082%53s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$520.519% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.031%−$3 on $10k
Price spread, last 7 days−0.011%−$1 · spread now +0.082%, 7d avg +0.035%
Together, before fees−0.042%−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.047% dearer against QFEX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.035%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX BMNR-USD27.9200.0002pay 0.0000% / 1h39m 45s$1.2M$1.4M10x
ShortBybit BMNRUSDT27.9430get 0.0000% / 8h6h 39m$3.3M$1.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
−$0.34
Price spread: +0.082% → +0.035%
$4.71
Slippage, 4 orders
−$30.94
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$47.56
Costs to cover
0.519%
Break-even
never at this rate
Slippage from QFEX: live order book, 2 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 2 min ago1.79 bp6.8 bp −$710.5 bp −$105doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago2.68 bp18.2 bp −$18126.4 bp −$1,264doesn't fitdoesn't fit

BMNR on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BMNRUSDT−0.0275%8h27.953+0.118%$2.0M$991K20xas long as short
Aster BMNRUSDT0.0000%8h27.959+0.138%$50K$100K20xas long as short
Extended BMNR-USD0.0000%1h27.923+0.012%$38K$620K10xas long as short
Binance BMNRUSDT0.0000%8h27.940+0.072%$21.9M$53.9M25xas long as short
Bybit BMNRUSDTshort0.0000%8h27.943+0.082%$3.3M$1.9M25x
OKX BMNR-USDT-SWAP0.0000%8h27.960+0.143%$3.6M$4.8M20xas long as short
Gate BMNR_USDT0.0000%8h27.940+0.072%$4.2M$9.5M50xas long as short
Variational Omni BMNR0.0000%8h27.991+0.253%$312K$492Kas long as short
GRVT BMNR_USDT_Perp0.0000%8h28.000+0.287%$5K$179K10xas long as short
SunX BMNR-USDT0.0000%8h27.938+0.064%$1K$945K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BMNR-USDT0.0000%8h27.949+0.104%$6K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h27.950+0.107%$1.6M$1.5M10xas long as short
QFEX BMNR-USDlong+0.0002%1h27.920long leg$1.2M$1.4M10x
BloFin BMNR-USDT+0.0017%8h28.000+0.287%$213K$62K20xas long as short
Lighter BMNR+0.0032%1h27.918−0.007%$351K$53K10xas long as short
Vest BMNR-USD-PERP+0.0046%1h27.9200.000%$36K25xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h28.010+0.322%$36K$16K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h27.9200.000%$683K$802K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h27.980+0.215%$25K$45K50xas long as short
tradeXYZ xyz:BMNR+0.0167%1h27.930+0.036%$942K$1.5M10xas long as short