BMNR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin−0.044%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$675as in the Funding arb table

Net, price: spread back to 7d avg − costs−$681as in the Price arb table

costs, in and out, $10k−$6736.730% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.044%, 7d avg +0.035%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.078% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BMNRUSDTM	27.570	0.0100	pay 0.0100% / 8h	1h 49m	$673K	$732K	20x
Short	Bybit BMNRUSDT	27.558	0	get 0.0000% / 8h	1h 49m	$3.2M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$21
Price spread: −0.044% → +0.035%: −$7.81
Slippage, 4 orders: −$649.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$701.77
Costs to cover: 6.730%
Break-even: never at this rate

Slippage from KuCoin: live order book, 30 min ago; Bybit: 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 KuCoin live order book, 30 min ago	20.02 bp	302.4 bp −$302	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.91 bp	16.0 bp −$16	119.8 bp −$1,198	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	−0.0765%	8h	27.581	+0.040%	$1.8M	$1.3M	20x	as long as short
Vest BMNR-USD-PERP	−0.0004%	1h	27.520	−0.181%	—	$36K	25x	as long as short
BloFin BMNR-USDT	−0.0002%	8h	27.560	−0.036%	$206K	$52K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.582	+0.042%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.543	−0.099%	$57K	$498K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.553	−0.062%	$21.6M	$53.0M	25x	as long as short
Bybit BMNRUSDTshort	0.0000%	8h	27.558	−0.044%	$3.2M	$2.0M	25x
OKX BMNR-USDT-SWAP	0.0000%	8h	27.580	+0.036%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.560	−0.036%	$4.1M	$8.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.555	−0.053%	$224K	$607K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BMNR_USDT_Perp	0.0000%	8h	27.547	−0.083%	$6K	$190K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.591	+0.076%	$988	$864K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.597	+0.098%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.570	0.000%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0019%	1h	27.560	−0.036%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.584	+0.051%	$345K	$52K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.555	−0.054%	$906K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.520	−0.181%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTMlong	+0.0100%	8h	27.570	long leg	$673K	$732K	20x
ApeX Omni BMNRUSDT	+0.0100%	1h	27.530	−0.145%	$24K	$29K	50x	as long as short