Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.020%

Price spread now: OKX against QFEX+0.107%7-day average +0.062% · 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−$51as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.108%+$11 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.107%, 7d avg +0.062%

Together, before fees+0.111%+$11 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 OKX is 0.045% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BMNR-USD	28.100	−0.0016	get 0.0002% / 1h	54m 51s	$1.2M	$1.0M	10x
Short	OKX BMNR-USDT-SWAP	28.130	0	get 0.0000% / 8h	4h 54m	$3.6M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.107%Rate

Funding earned: $3.44
Price spread: +0.107% → +0.062%: $4.45
Slippage, 4 orders: −$35.39
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$47.49
Costs to cover: 0.554%
Break-even: 103.5 days

Slippage from QFEX: live order book, 4 min ago; OKX: live order book, 1 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, 4 min ago	1.78 bp	13.8 bp −$14	13.9 bp −$139	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	3.55 bp	16.1 bp −$16	126.4 bp −$1,264	doesn't fit	doesn't fit

BMNR on 20 exchanges

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	−0.0016%	1h	28.100	long leg	$1.2M	$1.0M	10x
Aster BMNRUSDT	0.0000%	8h	28.117	+0.059%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.121	+0.074%	$40K	$374K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.131	+0.110%	$21.8M	$44.6M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.123	+0.082%	$3.2M	$1.7M	25x	as long as short
OKX BMNR-USDT-SWAPshort	0.0000%	8h	28.130	+0.107%	$3.6M	$2.9M	20x
Gate BMNR_USDT	0.0000%	8h	28.120	+0.071%	$4.1M	$7.2M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.150	+0.178%	$1.9M	$1.2M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.118	+0.062%	$217K	$391K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.130	+0.107%	$5K	$162K	10x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	28.113	+0.046%	$981	$597K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.113	+0.046%	$6K	$39K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.110	+0.036%	$1.6M	$1.4M	10x	as long as short
BloFin BMNR-USDT	+0.0029%	8h	28.100	0.000%	$218K	$60K	20x	as long as short
Lighter BMNR	+0.0032%	1h	28.119	+0.068%	$353K	$55K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.130	+0.107%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.140	+0.142%	$36K	$10K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.090	−0.036%	$684K	$794K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.110	+0.036%	$25K	$23K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0196%	1h	28.114	+0.050%	$1.0M	$1.5M	10x	as long as short