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: Phemex against KuCoin+0.145%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$647as in the Funding arb table
Net, price: spread back to 7d avg − costs−$620as in the Price arb table
costs, in and out, $10k−$6316.312% of the position
Funding, last 7 days−0.158%−$16 on $10k
+Price spread, last 4 days (all we have)−0.298%−$30 · spread now +0.145%, 7d avg +0.036%
=The price spread pays, funding is against you. Phemex is 0.109% dearer against KuCoin than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of +0.036%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BMNRUSDTM | 27.630 | 0.0100 | pay 0.0100% / 8h | 3h 18m | $675K | $758K | 20x |
| Short | Phemex BMNRUSDT | 27.670 | 0 | get 0.0000% / 8h | 3h 18m | $1.6M | $1.5M | 10x |
KuCoin BMNRUSDTM
Phemex BMNRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$21
- Price spread: +0.145% → +0.036%
- $10.9
- Slippage, 4 orders
- −$607.18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$641.28
- Costs to cover
- 6.312%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Phemex: live order book, 5 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, 6 min ago | 12.66 bp | 209.2 bp −$209 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 5.43 bp | 43.1 bp −$43 | 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 | −0.0626% | 8h | 27.675 | +0.163% | $1.9M | $920K | 20x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.656 | +0.094% | $49K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.649 | +0.068% | $57K | $622K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.654 | +0.087% | $21.9M | $52.3M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.639 | +0.033% | $3.2M | $1.9M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.650 | +0.072% | $3.5M | $4.1M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.650 | +0.072% | $4.1M | $9.1M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.665 | +0.127% | $322K | $504K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.676 | +0.165% | $5K | $188K | 10x | as long as short |
| SunX BMNR-USDT | 0.0000% | 8h | 27.641 | +0.040% | $1K | $866K | 10x | as long as short |
Bitget BMNRUSDT
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
Bybit BMNRUSDT
OKX BMNR-USDT-SWAP
Gate BMNR_USDT
Variational Omni BMNR
GRVT BMNR_USDT_Perp
SunX BMNR-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BMNR-USDT | 0.0000% | 8h | 27.657 | +0.098% | $5K | $40K | 20x | as long as short |
| Phemex BMNRUSDTshort | 0.0000% | 8h | 27.670 | +0.145% | $1.6M | $1.5M | 10x | |
| BloFin BMNR-USDT | +0.0006% | 8h | 27.630 | 0.000% | $208K | $52K | 20x | as long as short |
| QFEX BMNR-USD | +0.0012% | 1h | 27.630 | 0.000% | $1.2M | $1.1M | 10x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.656 | +0.094% | $348K | $52K | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0046% | 1h | 27.610 | −0.072% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.645 | +0.054% | $910K | $1.5M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.620 | −0.036% | $36K | $15K | 5x | as long as short |
| KuCoin BMNRUSDTMlong | +0.0100% | 8h | 27.630 | long leg | $675K | $758K | 20x | |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.650 | +0.072% | $24K | $29K | 50x | as long as short |
HTX BMNR-USDT
BloFin BMNR-USDT
QFEX BMNR-USD
Lighter BMNR
Vest BMNR-USD-PERP
tradeXYZ xyz:BMNR
Ondo Perps BMNR-USD.P
ApeX Omni BMNRUSDT