Settings8H · net · $10k
Funding arb · Price arb /

BMNR

RWAall BMNR markets
SwapBacktest
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: GRVT against Phemex+0.144%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1301.304% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.109%+$11 on $10k
Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.144%, 7d avg +0.027%
Together, before fees+0.197%+ Points / potential airdropGRVT: Active · farm board+$20 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: GRVT is 0.117% dearer against Phemex than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BMNRUSDT27.7900get 0.0000% / 8h3h 48m$1.6M$1.5M10x
ShortGRVT BMNR_USDT_Perp27.8300get 0.0000% / 8h3h 48m$6K$185K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$0
Price spread: +0.144% → +0.027%
$11.69
Slippage, 4 orders
−$109.35
Fee Phemex: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$118.66
Costs to cover
1.304%
Break-even
never at this rate
Slippage from Phemex: live order book, 4 min ago; GRVT: live order book, 64 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 4 min ago3.59 bp50.6 bp −$51doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 64 min ago5.39 bp15.5 bp −$1657.4 bp −$574doesn't fitdoesn't fit

BMNR on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BMNRUSDT−0.0621%8h27.830+0.144%$1.9M$921K20xas long as short
Aster BMNRUSDT0.0000%8h27.779−0.038%$49K$101K20xas long as short
Extended BMNR-USD0.0000%1h27.801+0.039%$52K$619K10xas long as short
Binance BMNRUSDT0.0000%8h27.808+0.065%$22.0M$52.3M25xas long as short
Bybit BMNRUSDT0.0000%8h27.789−0.004%$3.2M$2.0M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h27.800+0.036%$3.5M$4.2M20xas long as short
Gate BMNR_USDT0.0000%8h27.800+0.036%$4.2M$9.0M50xas long as short
Variational Omni BMNR0.0000%8h27.820+0.108%$324K$504Kas long as short
GRVT BMNR_USDT_Perpshort0.0000%8h27.830+0.144%$6K$185K10x
SunX BMNR-USDT0.0000%8h27.788−0.007%$1K$873K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BMNR-USDT0.0000%8h27.815+0.090%$5K$40K20xas long as short
Phemex BMNRUSDTlong0.0000%8h27.790long leg$1.6M$1.5M10x
BloFin BMNR-USDT+0.0009%8h27.800+0.036%$208K$52K20xas long as short
QFEX BMNR-USD+0.0012%1h27.780−0.036%$1.2M$1.1M10xas long as short
Lighter BMNR+0.0032%1h27.828+0.137%$350K$52K10xas long as short
Vest BMNR-USD-PERP+0.0043%1h27.770−0.072%$36K25xas long as short
tradeXYZ xyz:BMNR+0.0050%1h27.792+0.007%$916K$1.5M10xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h27.770−0.072%$36K$15K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h27.7900.000%$679K$765K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h27.810+0.072%$24K$29K50xas long as short