Funding you earn now, next payment 08:00 UTC+0.0938%/8h= +102.7% APRnext payment +$9.38 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Bitget−0.207%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$611as in the Funding arb table
Net, price: spread back to 7d avg − costs−$641as in the Price arb table
costs, in and out, $10k−$6276.273% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.207%, 7d avg −0.068%
=Funding pays, the price is against you. KuCoin is 0.139% cheaper against Bitget than usual: you would sell low and buy high (spread −0.207% now, against its 7-day average of −0.068%). If the spread goes back, that is −$14 on $10k: about 12 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.162% in total) that is about 6.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BMNRUSDT | 27.487 | −0.0838 | get 0.0838% / 8h | 2h 31m | $1.9M | $960K | 20x |
| Short | KuCoin BMNRUSDTM | 27.430 | 0.0100 | get 0.0100% / 8h | 2h 31m | $671K | $742K | 20x |
Bitget BMNRUSDT
KuCoin BMNRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $196.98
- Price spread: −0.207% → −0.068%
- −$13.93
- Slippage, 4 orders
- −$603.31
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$444.26
- Costs to cover
- 6.273%
- Break-even
- 22.8 days
Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 53 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 Bitget live order book, 1 min ago | 2.37 bp | 23.4 bp −$23 | 26.2 bp −$262 | 339.6 bp −$34.0K | doesn't fit |
| Sell KuCoin live order book, 53 min ago | 12.66 bp | 328.7 bp −$329 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BMNRUSDTlong | −0.0838% | 8h | 27.487 | long leg | $1.9M | $960K | 20x | |
| Aster BMNRUSDT | 0.0000% | 8h | 27.448 | −0.142% | $48K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.427 | −0.218% | $60K | $497K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.431 | −0.204% | $21.6M | $52.5M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.431 | −0.204% | $3.2M | $2.0M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.450 | −0.135% | $3.5M | $4.1M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.450 | −0.135% | $4.1M | $8.9M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.421 | −0.241% | $233K | $576K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.445 | −0.153% | $6K | $189K | 10x | as long as short |
| SunX BMNR-USDT | 0.0000% | 8h | 27.448 | −0.142% | $1K | $867K | 10x | as long as short |
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
Bybit BMNRUSDT
OKX BMNR-USDT-SWAP
Gate BMNR_USDT
Variational Omni BMNR
GRVT BMNR_USDT_Perp
SunX BMNR-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BMNR-USDT | 0.0000% | 8h | 27.451 | −0.131% | $5K | $40K | 20x | as long as short |
| Phemex BMNRUSDT | 0.0000% | 8h | 27.430 | −0.207% | $1.6M | $1.5M | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0002% | 1h | 27.400 | −0.317% | — | $36K | 25x | as long as short |
| QFEX BMNR-USD | +0.0013% | 1h | 27.430 | −0.207% | $1.2M | $1.1M | 10x | as long as short |
| BloFin BMNR-USDT | +0.0028% | 8h | 27.450 | −0.135% | $208K | $52K | 20x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.420 | −0.244% | $345K | $52K | 10x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.418 | −0.251% | $903K | $1.5M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.480 | −0.025% | $36K | $15K | 5x | as long as short |
| KuCoin BMNRUSDTMshort | +0.0100% | 8h | 27.430 | −0.207% | $671K | $742K | 20x | |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.410 | −0.280% | $24K | $29K | 50x | as long as short |
HTX BMNR-USDT
Phemex BMNRUSDT
Vest BMNR-USD-PERP
QFEX BMNR-USD
BloFin BMNR-USDT
Lighter BMNR
tradeXYZ xyz:BMNR
Ondo Perps BMNR-USD.P
ApeX Omni BMNRUSDT