Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Phemex+0.072%49s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1561.555% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.505%+$50 · spread now +0.072%, 7d avg −0.004%

Together, before fees+0.505%+$50 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: Gate is 0.076% dearer against Phemex than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BMNRUSDT	27.880	0	get 0.0000% / 8h	5h 11m	$1.6M	$1.5M	10x
Short	Gate BMNR_USDT	27.900	0	get 0.0000% / 8h	5h 11m	$4.2M	$9.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → −0.004%: $7.6
Slippage, 4 orders: −$128.52
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$147.92
Costs to cover: 1.555%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Gate: 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, 2 min ago	8.96 bp	55.3 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.79 bp	24.9 bp −$25	89.9 bp −$899	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	−0.0710%	8h	27.913	+0.118%	$1.9M	$937K	20x	as long as short
BloFin BMNR-USDT	−0.0007%	8h	27.870	−0.036%	$168K	$61K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.874	−0.020%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.874	−0.023%	$53K	$632K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.898	+0.063%	$22.2M	$52.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.884	+0.014%	$3.3M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.910	+0.108%	$3.6M	$4.3M	20x	as long as short
Gate BMNR_USDTshort	0.0000%	8h	27.900	+0.072%	$4.2M	$9.6M	50x
Variational Omni BMNR	0.0000%	8h	27.930	+0.178%	$318K	$497K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.904	+0.085%	$6K	$177K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	27.894	+0.050%	$1K	$889K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.934	+0.194%	$5K	$40K	20x	as long as short
Phemex BMNRUSDTlong	0.0000%	8h	27.880	long leg	$1.6M	$1.5M	10x
QFEX BMNR-USD	+0.0012%	1h	27.880	0.000%	$1.2M	$1.2M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.887	+0.025%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.870	−0.036%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.870	−0.036%	$927K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.860	−0.072%	$36K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.880	0.000%	$681K	$792K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.870	−0.036%	$24K	$29K	50x	as long as short