Funding you earn now, next payment 03:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.024%
Price spread now: KuCoin against QFEX−0.072%7-day average −0.045% · 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−$764as in the Price arb table
costs, in and out, $10k−$7617.614% of the position
Funding, last 4 days (all we have)+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.072%, 7d avg −0.045%
=Funding pays, the price is against you. KuCoin is 0.027% cheaper against QFEX than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.045%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.045% in total) that is about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BMNR-USD | 27.850 | 0.0012 | pay 0.0002% / 1h | 26m 00s | $1.2M | $1.2M | 10x |
| Short | KuCoin BMNRUSDTM | 27.830 | 0.0100 | get 0.0100% / 8h | 5h 26m | $680K | $801K | 20x |
QFEX BMNR-USD
KuCoin BMNRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against QFEX. 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
- $18.43
- Price spread: −0.072% → −0.045%
- −$2.66
- Slippage, 4 orders
- −$739.39
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$745.62
- Costs to cover
- 7.614%
- Break-even
- 290.2 days
Slippage from QFEX: live order book, 5 min ago; KuCoin: live order book, 8 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 QFEX live order book, 5 min ago | 3.58 bp | 8.6 bp −$9 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 23.35 bp | 374.3 bp −$374 | 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 | −0.0756% | 8h | 27.866 | +0.057% | $1.9M | $936K | 20x | as long as short |
| BloFin BMNR-USDT | −0.0005% | 8h | 27.830 | −0.072% | $209K | $61K | 20x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.825 | −0.090% | $49K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.853 | +0.009% | $53K | $632K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.860 | +0.036% | $22.1M | $52.8M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.838 | −0.043% | $3.3M | $1.9M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.860 | +0.036% | $3.6M | $4.3M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.850 | 0.000% | $4.2M | $9.6M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.849 | −0.003% | $317K | $497K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.870 | +0.072% | $5K | $176K | 10x | as long as short |
Bitget BMNRUSDT
BloFin BMNR-USDT
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
Bybit BMNRUSDT
OKX BMNR-USDT-SWAP
Gate BMNR_USDT
Variational Omni BMNR
GRVT BMNR_USDT_PerpShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX BMNR-USDT | 0.0000% | 8h | 27.840 | −0.036% | $1K | $889K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 27.848 | −0.007% | $6K | $40K | 20x | as long as short |
| Phemex BMNRUSDT | 0.0000% | 8h | 27.850 | 0.000% | $1.6M | $1.5M | 10x | as long as short |
| QFEX BMNR-USDlong | +0.0012% | 1h | 27.850 | long leg | $1.2M | $1.2M | 10x | |
| Lighter BMNR | +0.0032% | 1h | 27.829 | −0.075% | $350K | $53K | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0046% | 1h | 27.830 | −0.072% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.854 | +0.014% | $927K | $1.5M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.880 | +0.108% | $36K | $16K | 5x | as long as short |
| KuCoin BMNRUSDTMshort | +0.0100% | 8h | 27.830 | −0.072% | $680K | $801K | 20x | |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.890 | +0.144% | $24K | $29K | 50x | as long as short |
SunX BMNR-USDT
HTX BMNR-USDT
Phemex BMNRUSDT
Lighter BMNR
Vest BMNR-USD-PERP
tradeXYZ xyz:BMNR
Ondo Perps BMNR-USD.P
ApeX Omni BMNRUSDT