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: KuCoin against Phemex−0.072%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$615as in the Funding arb table
Net, price: spread back to 7d avg − costs−$635as 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)+0.226%+$23 · spread now −0.072%, 7d avg −0.036%
=Funding pays, the price is against you. KuCoin is 0.037% cheaper against Phemex than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.036%). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BMNRUSDT | 27.670 | 0 | get 0.0000% / 8h | 3h 18m | $1.6M | $1.5M | 10x |
| Short | KuCoin BMNRUSDTM | 27.650 | 0.0100 | get 0.0100% / 8h | 3h 18m | $675K | $758K | 20x |
Phemex BMNRUSDT
KuCoin BMNRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.072% → −0.036%
- −$3.65
- Slippage, 4 orders
- −$607.18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$613.83
- Costs to cover
- 6.312%
- Break-even
- 211.6 days
Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 6 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, 5 min ago | 5.43 bp | 50.2 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 12.66 bp | 328.7 bp −$329 | 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 | 27.683 | +0.047% | $1.9M | $920K | 20x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.659 | −0.040% | $49K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.653 | −0.062% | $57K | $622K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.664 | −0.020% | $21.9M | $52.3M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.643 | −0.098% | $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 | −0.017% | $322K | $504K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.676 | +0.020% | $5K | $188K | 10x | as long as short |
| SunX BMNR-USDT | 0.0000% | 8h | 27.641 | −0.105% | $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 | −0.047% | $5K | $40K | 20x | as long as short |
| Phemex BMNRUSDTlong | 0.0000% | 8h | 27.670 | long leg | $1.6M | $1.5M | 10x | |
| BloFin BMNR-USDT | +0.0006% | 8h | 27.630 | −0.145% | $208K | $52K | 20x | as long as short |
| QFEX BMNR-USD | +0.0012% | 1h | 27.630 | −0.145% | $1.2M | $1.1M | 10x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.656 | −0.051% | $348K | $52K | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0046% | 1h | 27.610 | −0.217% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.644 | −0.094% | $910K | $1.5M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.620 | −0.181% | $36K | $15K | 5x | as long as short |
| KuCoin BMNRUSDTMshort | +0.0100% | 8h | 27.650 | −0.072% | $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