Funding you earn now, next payment 08:00 UTC−0.0693%/8h= −75.9% APRnext payment −$6.93 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against KuCoin+0.127%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$619as in the Funding arb table
Net, price: spread back to 7d avg − costs−$597as in the Price arb table
costs, in and out, $10k−$6036.026% of the position
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.127%, 7d avg +0.067%
=The price spread pays, funding is against you. Bitget is 0.060% dearer against KuCoin than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.067%): +$6 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.162% in total) that is about 2.6 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 −$6.93 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 | KuCoin BMNRUSDTM | 27.620 | 0.0100 | pay 0.0100% / 8h | 3h 22m | $675K | $760K | 20x |
| Short | Bitget BMNRUSDT | 27.655 | −0.0593 | pay 0.0593% / 8h | 3h 22m | $1.9M | $921K | 20x |
KuCoin BMNRUSDTM
Bitget BMNRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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
- −$145.53
- Price spread: +0.127% → +0.067%
- $5.96
- Slippage, 4 orders
- −$578.63
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$742.2
- Costs to cover
- 6.026%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 12.66 bp | 209.2 bp −$209 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.88 bp | 54.7 bp −$55 | 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 | −0.0593% | 8h | 27.655 | +0.127% | $1.9M | $921K | 20x | |
| BloFin BMNR-USDT | −0.0011% | 8h | 27.700 | +0.290% | $208K | $52K | 20x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.640 | +0.074% | $49K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.585 | −0.126% | $57K | $622K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.590 | −0.109% | $21.8M | $52.3M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.593 | −0.098% | $3.2M | $1.9M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.610 | −0.036% | $3.5M | $4.1M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.620 | 0.000% | $4.1M | $9.1M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.700 | +0.289% | $323K | $504K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.692 | +0.259% | $5K | $188K | 10x | as long as short |
BloFin BMNR-USDT
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
Bybit BMNRUSDT
OKX BMNR-USDT-SWAP
Gate BMNR_USDT
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 | 27.749 | +0.467% | $1K | $867K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 27.667 | +0.170% | $5K | $40K | 20x | as long as short |
| Phemex BMNRUSDT | 0.0000% | 8h | 27.620 | 0.000% | $1.6M | $1.5M | 10x | as long as short |
| QFEX BMNR-USD | +0.0012% | 1h | 27.590 | −0.109% | $1.2M | $1.1M | 10x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.589 | −0.112% | $347K | $52K | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0046% | 1h | 27.550 | −0.253% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.598 | −0.080% | $909K | $1.5M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.620 | 0.000% | $36K | $15K | 5x | as long as short |
| KuCoin BMNRUSDTMlong | +0.0100% | 8h | 27.620 | long leg | $675K | $760K | 20x | |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.730 | +0.398% | $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
ApeX Omni BMNRUSDT