Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

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 Gate−0.073%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1471.471% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.073%, 7d avg +0.001%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.074% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BMNR_USDT	27.570	0	get 0.0000% / 8h	1h 06m	$4.1M	$8.6M	50x
Short	Phemex BMNRUSDT	27.550	0	get 0.0000% / 8h	1h 06m	$1.6M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → +0.001%: −$7.4
Slippage, 4 orders: −$120.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$154.54
Costs to cover: 1.471%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago	3.63 bp	15.2 bp −$15	70.9 bp −$709	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	5.45 bp	62.1 bp −$62	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	−0.0701%	8h	27.578	+0.029%	$1.8M	$1.3M	20x	as long as short
tradeXYZ xyz:BMNR	−0.0052%	1h	27.527	−0.156%	$833K	$1.6M	10x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.557	−0.047%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.552	−0.065%	$58K	$346K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.560	−0.036%	$21.6M	$52.2M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.554	−0.058%	$3.2M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.560	−0.036%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDTlong	0.0000%	8h	27.570	long leg	$4.1M	$8.6M	50x
Variational Omni BMNR	0.0000%	8h	27.540	−0.109%	$213K	$616K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.550	−0.073%	$5K	$187K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	27.560	−0.036%	$1K	$839K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.555	−0.054%	$6K	$40K	20x	as long as short
Phemex BMNRUSDTshort	0.0000%	8h	27.550	−0.073%	$1.6M	$1.5M	10x
Vest BMNR-USD-PERP	+0.0002%	1h	27.540	−0.109%	—	$36K	25x	as long as short
BloFin BMNR-USDT	+0.0013%	8h	27.550	−0.073%	$206K	$51K	20x	as long as short
QFEX BMNR-USD	+0.0019%	1h	27.560	−0.036%	$1.2M	$1.0M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.589	+0.069%	$345K	$52K	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.540	−0.109%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.550	−0.073%	$671K	$717K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.540	−0.109%	$24K	$29K	50x	as long as short