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

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.050%
Price spread now: Bitget against GRVT−0.192%73s7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1000.995% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.114%−$11 on $10k
Price spread, last 3 days (all we have)−0.100%−$10 · spread now −0.192%, 7d avg −0.014%
Together, before fees−0.214%+ Points / potential airdropGRVT: Active · farm board−$21 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: Bitget is 0.178% cheaper against GRVT than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT BMNR_USDT_Perp28.3530get 0.0000% / 8h1h 32m$6K$195K10x
ShortBitget BMNRUSDT28.2990get 0.0000% / 8h1h 32m$2.0M$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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
$0
Price spread: −0.192% → −0.014%
−$17.8
Slippage, 4 orders
−$78.54
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$117.34
Costs to cover
0.995%
Break-even
never at this rate
Slippage from GRVT: live order book, 50 min ago; Bitget: live order book, 5 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 GRVT live order book, 50 min ago3.52 bp26.0 bp −$2683.7 bp −$837doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago2.29 bp27.3 bp −$2735.5 bp −$355166.9 bp −$16.7Kdoesn't fit

BMNR on 20 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
QFEX BMNR-USD−0.0003%1h28.310−0.153%$1.2M$1.8M10xas long as short
Aster BMNRUSDT0.0000%8h28.319−0.123%$53K$98K20xas long as short
Extended BMNR-USD0.0000%1h28.280−0.261%$40K$462K10xas long as short
Binance BMNRUSDT0.0000%8h28.287−0.236%$22.4M$55.2M25xas long as short
Bybit BMNRUSDT0.0000%8h28.305−0.171%$3.4M$2.0M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h28.330−0.083%$3.6M$6.0M20xas long as short
Gate BMNR_USDT0.0000%8h28.300−0.189%$3.8M$10.2M50xas long as short
Bitget BMNRUSDTshort0.0000%8h28.299−0.192%$2.0M$1.1M20x
Variational Omni BMNR0.0000%8h28.322−0.112%$324K$477Kas long as short
GRVT BMNR_USDT_Perplong0.0000%8h28.353long leg$6K$195K10x
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX BMNR-USDT0.0000%8h28.301−0.185%$1K$1.0M10xas long as short
HTX BMNR-USDT0.0000%8h28.324−0.104%$6K$39K20xas long as short
Phemex BMNRUSDT0.0000%8h28.310−0.153%$1.6M$1.5M10xas long as short
BloFin BMNR-USDT+0.0017%8h28.320−0.118%$211K$59K20xas long as short
Lighter BMNR+0.0032%1h28.338−0.055%$337K$23K10xas long as short
Vest BMNR-USD-PERP+0.0046%1h28.330−0.083%$36K25xas long as short
tradeXYZ xyz:BMNR+0.0050%1h28.288−0.231%$948K$1.5M10xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h28.240−0.400%$37K$27K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h28.310−0.153%$706K$767K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h28.350−0.012%$25K$107K50xas long as short