Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0005%/8hpaid last 24h −0.006%

Price spread now: Gate against QFEX+0.071%7-day average +0.031% · 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−$49as in the Price arb table

costs, in and out, $10k−$530.528% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.071%, 7d avg +0.031%

Together, before fees−0.071%−$7 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: Gate is 0.041% dearer against QFEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BMNR-USD	28.040	0.0005	pay 0.0001% / 1h	4m 30s	$1.2M	$1.7M	10x
Short	Gate BMNR_USDT	28.060	0	get 0.0000% / 8h	4h 04m	$3.8M	$10.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.071%Rate

Funding earned: −$0.97
Price spread: +0.071% → +0.031%: $4.07
Slippage, 4 orders: −$27.82
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.72
Costs to cover: 0.528%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; Gate: live order book, 4 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, 2 min ago	5.35 bp	13.9 bp −$14	13.9 bp −$139	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.34 bp	13.1 bp −$13	35.4 bp −$354	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
Aster BMNRUSDT	0.0000%	8h	28.039	−0.002%	$53K	$97K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.037	−0.010%	$39K	$462K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.050	+0.036%	$22.9M	$52.5M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.043	+0.011%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.080	+0.143%	$3.6M	$5.7M	20x	as long as short
Gate BMNR_USDTshort	0.0000%	8h	28.060	+0.071%	$3.8M	$10.3M	50x
Bitget BMNRUSDT	0.0000%	8h	28.077	+0.132%	$2.0M	$1.1M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.085	+0.160%	$300K	$373K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.117	+0.274%	$6K	$194K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	28.049	+0.032%	$1K	$1.0M	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	28.080	+0.143%	$6K	$39K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.020	−0.071%	$1.6M	$1.4M	10x	as long as short
QFEX BMNR-USDlong	+0.0005%	1h	28.040	long leg	$1.2M	$1.7M	10x
BloFin BMNR-USDT	+0.0013%	8h	28.040	0.000%	$212K	$54K	20x	as long as short
Lighter BMNR	+0.0032%	1h	28.053	+0.046%	$333K	$25K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.070	+0.107%	—	$2K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.040	0.000%	$36K	$31K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.040	0.000%	$695K	$695K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.090	+0.178%	$28K	$171K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0163%	1h	28.052	+0.043%	$1.0M	$1.4M	10x	as long as short