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

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.020%
Price spread now: KuCoin against Binance−0.036%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$699as in the Funding arb table
Net, price: spread back to 7d avg − costs−$676as in the Price arb table
costs, in and out, $10k−$6756.748% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.239%−$24 on $10k
Price spread, last 2 days (all we have)−0.041%−$4 · spread now −0.036%, 7d avg −0.028%
Together, before fees−0.280%−$28 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.239%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BMNRUSDT27.9600get 0.0000% / 8h6h 19m$22.2M$53.7M25x
ShortKuCoin BMNRUSDTM27.9500.0100get 0.0100% / 8h6h 19m$683K$808K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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
$21
Price spread: −0.036% → −0.028%
−$0.77
Slippage, 4 orders
−$652.77
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$654.54
Costs to cover
6.748%
Break-even
225.2 days
Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 20 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 Binance live order book, 7 min ago1.78 bp10.3 bp −$1022.9 bp −$229109.8 bp −$11.0Kdoesn't fit
Sell KuCoin live order book, 20 min ago26.85 bp291.7 bp −$292doesn't fitdoesn't fitdoesn't fit

BMNR on 19 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−0.0424%8h27.977+0.061%$2.0M$967K20xas long as short
Aster BMNRUSDT0.0000%8h27.9600.000%$50K$100K20xas long as short
Extended BMNR-USD0.0000%1h27.953−0.027%$54K$635K10xas long as short
Binance BMNRUSDTlong0.0000%8h27.960long leg$22.2M$53.7M25x
Bybit BMNRUSDT0.0000%8h27.944−0.057%$3.3M$1.9M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h27.9600.000%$3.6M$4.4M20xas long as short
Gate BMNR_USDT0.0000%8h27.9600.000%$4.2M$9.7M50xas long as short
Variational Omni BMNR0.0000%8h27.970+0.035%$312K$491Kas long as short
GRVT BMNR_USDT_Perp0.0000%8h28.040+0.286%$5K$179K10xas long as short
SunX BMNR-USDT0.0000%8h27.978+0.064%$974$931K10xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BMNR-USDT0.0000%8h28.056+0.343%$5K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h27.940−0.072%$1.6M$1.5M10xas long as short
QFEX BMNR-USD+0.0002%1h27.950−0.036%$1.2M$1.3M10xas long as short
Lighter BMNR+0.0032%1h27.965+0.018%$352K$53K10xas long as short
Vest BMNR-USD-PERP+0.0046%1h27.940−0.072%$36K25xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h28.000+0.143%$36K$16K5xas long as short
KuCoin BMNRUSDTMshort+0.0100%8h27.950−0.036%$683K$808K20x
ApeX Omni BMNRUSDT+0.0100%1h28.020+0.215%$25K$39K50xas long as short
tradeXYZ xyz:BMNR+0.0255%1h27.957−0.011%$943K$1.5M10xas long as short