Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.005%
Price spread now: QFEX against Phemex−0.036%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1221.222% of the position
Funding, last 4 days (all we have)+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.036%, 7d avg +0.013%
=Funding pays, the price is against you. QFEX is 0.049% cheaper against Phemex than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.013%). If the spread goes back, that is −$5 on $10k: about 17 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BMNRUSDT | 27.520 | 0 | get 0.0000% / 8h | 13m 10s | $1.6M | $1.4M | 10x |
| Short | QFEX BMNR-USD | 27.510 | 0.0010 | get 0.0001% / 1h | 13m 10s | $1.2M | $1.0M | 10x |
Phemex BMNRUSDT
QFEX BMNR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $2.02
- Price spread: −0.036% → +0.013%
- −$4.94
- Slippage, 4 orders
- −$100.25
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$125.17
- Costs to cover
- 1.222%
- Break-even
- 441.6 days
Slippage from Phemex: live order book, 5 min ago; QFEX: live order book, 3 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 | 1.82 bp | 44.9 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 1.82 bp | 14.0 bp −$14 | 16.1 bp −$161 | 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 | −0.0476% | 8h | 27.544 | +0.087% | $1.9M | $1.3M | 20x | as long as short |
| tradeXYZ xyz:BMNR | −0.0413% | 1h | 27.486 | −0.124% | $771K | $1.5M | 10x | as long as short |
| BloFin BMNR-USDT | −0.0026% | 8h | 27.500 | −0.073% | $207K | $51K | 20x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.522 | +0.007% | $47K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.513 | −0.025% | $57K | $360K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.520 | 0.000% | $21.5M | $51.2M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.522 | +0.007% | $3.2M | $1.9M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.540 | +0.073% | $3.5M | $3.9M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.520 | 0.000% | $4.1M | $8.5M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.521 | +0.003% | $213K | $607K | — | as long as short |
Bitget BMNRUSDT
tradeXYZ xyz:BMNR
BloFin BMNR-USDT
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
Bybit BMNRUSDT
OKX BMNR-USDT-SWAP
Gate BMNR_USDT
Variational Omni BMNRShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.520 | +0.001% | $6K | $183K | 10x | as long as short |
| SunX BMNR-USDT | 0.0000% | 8h | 27.500 | −0.073% | $894 | $806K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 27.496 | −0.087% | $6K | $40K | 20x | as long as short |
| Phemex BMNRUSDTlong | 0.0000% | 8h | 27.520 | long leg | $1.6M | $1.4M | 10x | |
| Vest BMNR-USD-PERP | +0.0005% | 1h | 27.480 | −0.145% | — | $36K | 25x | as long as short |
| QFEX BMNR-USDshort | +0.0010% | 1h | 27.510 | −0.036% | $1.2M | $1.0M | 10x | |
| Lighter BMNR | +0.0032% | 1h | 27.508 | −0.044% | $343K | $51K | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.530 | +0.036% | $36K | $14K | 5x | as long as short |
| KuCoin BMNRUSDTM | +0.0100% | 8h | 27.490 | −0.109% | $670K | $698K | 20x | as long as short |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.510 | −0.036% | $24K | $24K | 50x | as long as short |
GRVT BMNR_USDT_Perp
SunX BMNR-USDT
HTX BMNR-USDT
Vest BMNR-USD-PERP
Lighter BMNR
Ondo Perps BMNR-USD.P
KuCoin BMNRUSDTM
ApeX Omni BMNRUSDT