Funding you earn now, next payment 08:00 UTC−0.0424%/8h= −46.4% APRnext payment −$4.24 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Phemex+0.132%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$2042.042% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.132%, 7d avg +0.037%
=The price spread pays, funding is against you. Bitget is 0.096% dearer against Phemex than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.037%): +$10 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.004% in total) that is about 6 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.24 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 | Phemex BMNRUSDT | 27.940 | 0 | get 0.0000% / 8h | 6h 19m | $1.6M | $1.5M | 10x |
| Short | Bitget BMNRUSDT | 27.977 | −0.0424 | pay 0.0424% / 8h | 6h 19m | $2.0M | $967K | 20x |
Phemex BMNRUSDT
Bitget BMNRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phemex. 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
- −$89.04
- Price spread: +0.132% → +0.037%
- $9.57
- Slippage, 4 orders
- −$180.2
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$283.67
- Costs to cover
- 2.042%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Bitget: 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 Phemex live order book, 3 min ago | 5.35 bp | 57.6 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.93 bp | 77.0 bp −$77 | 247.6 bp −$2,476 | doesn't fit | doesn't fit |
BMNR on 19 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 | −0.0424% | 8h | 27.977 | +0.132% | $2.0M | $967K | 20x | |
| Aster BMNRUSDT | 0.0000% | 8h | 27.960 | +0.072% | $50K | $100K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.953 | +0.045% | $54K | $635K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.960 | +0.072% | $22.2M | $53.7M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.944 | +0.014% | $3.3M | $1.9M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.960 | +0.072% | $3.6M | $4.4M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.960 | +0.072% | $4.2M | $9.7M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.970 | +0.107% | $312K | $491K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 28.040 | +0.358% | $5K | $179K | 10x | as long as short |
| SunX BMNR-USDT | 0.0000% | 8h | 27.978 | +0.136% | $974 | $931K | 10x | as long as short |
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 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BMNR-USDT | 0.0000% | 8h | 28.056 | +0.415% | $5K | $40K | 20x | as long as short |
| Phemex BMNRUSDTlong | 0.0000% | 8h | 27.940 | long leg | $1.6M | $1.5M | 10x | |
| QFEX BMNR-USD | +0.0002% | 1h | 27.950 | +0.036% | $1.2M | $1.3M | 10x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.965 | +0.089% | $352K | $53K | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0046% | 1h | 27.940 | 0.000% | — | $36K | 25x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 28.000 | +0.215% | $36K | $16K | 5x | as long as short |
| KuCoin BMNRUSDTM | +0.0100% | 8h | 27.950 | +0.036% | $683K | $808K | 20x | as long as short |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 28.020 | +0.286% | $25K | $39K | 50x | as long as short |
| tradeXYZ xyz:BMNR | +0.0255% | 1h | 27.957 | +0.061% | $943K | $1.5M | 10x | as long as short |
HTX BMNR-USDT
QFEX BMNR-USD
Lighter BMNR
Vest BMNR-USD-PERP
Ondo Perps BMNR-USD.P
KuCoin BMNRUSDTM
ApeX Omni BMNRUSDT
tradeXYZ xyz:BMNR