Funding you earn now, next payment 07:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.005%
Price spread now: Phemex against QFEX+0.036%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1401.401% of the position
Funding, last 4 days (all we have)−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.036%, 7d avg −0.014%
=The price spread pays, funding is against you. Phemex is 0.050% dearer against QFEX than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.014%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BMNR-USD | 27.500 | 0.0019 | pay 0.0002% / 1h | 46m 33s | $1.2M | $1.1M | 10x |
| Short | Phemex BMNRUSDT | 27.510 | 0 | get 0.0000% / 8h | 1h 46m | $1.6M | $1.5M | 10x |
QFEX BMNR-USD
Phemex BMNRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$4.07
- Price spread: +0.036% → −0.014%
- $5
- Slippage, 4 orders
- −$118.08
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$139.15
- Costs to cover
- 1.401%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; Phemex: live order book, 1 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 | 3.63 bp | 12.2 bp −$12 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 3.64 bp | 47.2 bp −$47 | 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 | 27.512 | +0.044% | $1.8M | $1.3M | 20x | as long as short |
| BloFin BMNR-USDT | −0.0024% | 8h | 27.540 | +0.145% | $208K | $51K | 20x | as long as short |
| Vest BMNR-USD-PERP | −0.0004% | 1h | 27.480 | −0.073% | — | $36K | 25x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.524 | +0.086% | $49K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.494 | −0.022% | $57K | $498K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.496 | −0.013% | $21.6M | $53.0M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.497 | −0.011% | $3.2M | $2.0M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.510 | +0.036% | $3.5M | $4.2M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.510 | +0.036% | $4.1M | $8.6M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.555 | +0.202% | $224K | $607K | — | as long as short |
Bitget BMNRUSDT
BloFin BMNR-USDT
Vest BMNR-USD-PERP
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 | 27.542 | +0.152% | $6K | $190K | 10x | as long as short |
| SunX BMNR-USDT | 0.0000% | 8h | 27.536 | +0.131% | $1K | $864K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 27.501 | +0.004% | $5K | $40K | 20x | as long as short |
| Phemex BMNRUSDTshort | 0.0000% | 8h | 27.510 | +0.036% | $1.6M | $1.5M | 10x | |
| QFEX BMNR-USDlong | +0.0019% | 1h | 27.500 | long leg | $1.2M | $1.1M | 10x | |
| Lighter BMNR | +0.0032% | 1h | 27.532 | +0.116% | $344K | $52K | 10x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.495 | −0.018% | $904K | $1.4M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.550 | +0.182% | $36K | $15K | 5x | as long as short |
| KuCoin BMNRUSDTM | +0.0100% | 8h | 27.510 | +0.036% | $672K | $732K | 20x | as long as short |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.530 | +0.109% | $24K | $29K | 50x | as long as short |
GRVT BMNR_USDT_Perp
SunX BMNR-USDT
HTX BMNR-USDT
Lighter BMNR
tradeXYZ xyz:BMNR
Ondo Perps BMNR-USD.P
KuCoin BMNRUSDTM
ApeX Omni BMNRUSDT