Funding you earn now, next payment 08:00 UTC−0.0671%/8h= −73.5% APRnext payment −$6.71 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate+0.169%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1211.207% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days−0.159%−$16 · spread now +0.169%, 7d avg +0.022%
=The price spread pays, funding is against you. Bitget is 0.147% dearer against Gate than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of +0.022%): +$15 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.004% in total) that is about 10 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.71 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 | Gate BMNR_USDT | 27.750 | 0 | get 0.0000% / 8h | 4h 47m | $4.2M | $9.2M | 50x |
| Short | Bitget BMNRUSDT | 27.797 | −0.0671 | pay 0.0671% / 8h | 4h 47m | $1.9M | $937K | 20x |
Gate BMNR_USDT
Bitget BMNRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$140.91
- Price spread: +0.169% → +0.022%
- $14.73
- Slippage, 4 orders
- −$93.74
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$246.93
- Costs to cover
- 1.207%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Bitget: 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 Gate live order book, 1 min ago | 3.60 bp | 14.5 bp −$14 | 99.7 bp −$997 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.34 bp | 71.6 bp −$72 | 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 BMNRUSDTshort | −0.0671% | 8h | 27.797 | +0.169% | $1.9M | $937K | 20x | |
| BloFin BMNR-USDT | −0.0027% | 8h | 27.770 | +0.072% | $211K | $58K | 20x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.728 | −0.078% | $49K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.733 | −0.063% | $53K | $630K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.740 | −0.036% | $22.0M | $52.8M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.723 | −0.097% | $3.2M | $2.0M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.760 | +0.036% | $3.5M | $4.3M | 20x | as long as short |
| Gate BMNR_USDTlong | 0.0000% | 8h | 27.750 | long leg | $4.2M | $9.2M | 50x | |
| Variational Omni BMNR | 0.0000% | 8h | 27.800 | +0.181% | $324K | $504K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.868 | +0.427% | $6K | $179K | 10x | as long as short |
BloFin BMNR-USDT
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
Bybit BMNRUSDT
OKX BMNR-USDT-SWAP
Variational Omni BMNR
GRVT BMNR_USDT_PerpShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX BMNR-USDT | 0.0000% | 8h | 27.739 | −0.040% | $949 | $889K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 27.773 | +0.083% | $6K | $40K | 20x | as long as short |
| Phemex BMNRUSDT | 0.0000% | 8h | 27.740 | −0.036% | $1.6M | $1.5M | 10x | as long as short |
| QFEX BMNR-USD | +0.0018% | 1h | 27.750 | 0.000% | $1.2M | $1.2M | 10x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.743 | −0.025% | $349K | $53K | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0046% | 1h | 27.740 | −0.036% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.722 | −0.101% | $915K | $1.5M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.780 | +0.108% | $36K | $15K | 5x | as long as short |
| KuCoin BMNRUSDTM | +0.0100% | 8h | 27.740 | −0.036% | $678K | $786K | 20x | as long as short |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.790 | +0.144% | $24K | $29K | 50x | as long as short |
SunX BMNR-USDT
HTX BMNR-USDT
Phemex BMNRUSDT
QFEX BMNR-USD
Lighter BMNR
Vest BMNR-USD-PERP
tradeXYZ xyz:BMNR
Ondo Perps BMNR-USD.P
KuCoin BMNRUSDTM
ApeX Omni BMNRUSDT