Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bybit+0.251%53s7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1461.458% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 3 days (all we have)−0.325%−$32 · spread now +0.251%, 7d avg 0.000%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.251% dearer against Bybit than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BMNRUSDT | 27.930 | 0 | get 0.0000% / 8h | 6h 40m | $3.3M | $1.9M | 25x |
| Short | Phemex BMNRUSDT | 28.000 | 0 | get 0.0000% / 8h | 6h 40m | $1.6M | $1.5M | 10x |
Bybit BMNRUSDT
Phemex BMNRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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
- $0
- Price spread: +0.251% → 0.000%
- $25.08
- Slippage, 4 orders
- −$122.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$120.72
- Costs to cover
- 1.458%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Phemex: live order book, 3 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 Bybit live order book, 2 min ago | 2.68 bp | 16.7 bp −$17 | 133.4 bp −$1,334 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 5.36 bp | 39.4 bp −$39 | 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 BMNRUSDT | −0.0251% | 8h | 27.954 | +0.086% | $2.0M | $991K | 20x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.960 | +0.107% | $50K | $100K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.923 | −0.024% | $38K | $620K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.927 | −0.009% | $21.9M | $53.6M | 25x | as long as short |
| Bybit BMNRUSDTlong | 0.0000% | 8h | 27.930 | long leg | $3.3M | $1.9M | 25x | |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.950 | +0.072% | $3.6M | $4.8M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.930 | 0.000% | $4.2M | $9.5M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.991 | +0.217% | $312K | $492K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 28.000 | +0.251% | $5K | $179K | 10x | as long as short |
| SunX BMNR-USDT | 0.0000% | 8h | 28.014 | +0.301% | $1K | $944K | 10x | as long as short |
Bitget BMNRUSDT
Aster BMNRUSDT
Extended BMNR-USD
Binance 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 | 28.035 | +0.376% | $5K | $40K | 20x | as long as short |
| Phemex BMNRUSDTshort | 0.0000% | 8h | 28.000 | +0.251% | $1.6M | $1.5M | 10x | |
| QFEX BMNR-USD | +0.0002% | 1h | 27.920 | −0.036% | $1.2M | $1.4M | 10x | as long as short |
| BloFin BMNR-USDT | +0.0017% | 8h | 28.000 | +0.251% | $213K | $62K | 20x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.940 | +0.036% | $351K | $53K | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0046% | 1h | 27.920 | −0.036% | — | $36K | 25x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 28.010 | +0.286% | $36K | $16K | 5x | as long as short |
| KuCoin BMNRUSDTM | +0.0100% | 8h | 27.910 | −0.072% | $682K | $802K | 20x | as long as short |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.980 | +0.179% | $25K | $45K | 50x | as long as short |
| tradeXYZ xyz:BMNR | +0.0154% | 1h | 27.908 | −0.079% | $941K | $1.5M | 10x | as long as short |
HTX BMNR-USDT
QFEX BMNR-USD
BloFin BMNR-USDT
Lighter BMNR
Vest BMNR-USD-PERP
Ondo Perps BMNR-USD.P
KuCoin BMNRUSDTM
ApeX Omni BMNRUSDT
tradeXYZ xyz:BMNR