Funding you earn now, next payment 08:00 UTC+0.0924%/8h= +101.2% APRnext payment +$9.24 per $10,000 · paid last 24h +0.011%
Price spread now: BloFin against Bitget−0.480%105s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1041.035% of the position
Funding, last 7 days+0.398%+$40 on $10k
+Price spread, last 4 days (all we have)+0.354%+$35 · spread now −0.480%, 7d avg −0.020%
=Funding pays, the price is against you. BloFin is 0.460% cheaper against Bitget than usual: you would sell low and buy high (spread −0.480% now, against its 7-day average of −0.020%). If the spread goes back, that is −$46 on $10k: about 40 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.398% in total) that is about 8.1 days. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.398% in total (about 20.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BMNRUSDT | 27.492 | −0.0918 | get 0.0918% / 8h | 2h 25m | $1.9M | $965K | 20x |
| Short | BloFin BMNR-USDT | 27.360 | 0.0006 | get 0.0006% / 8h | 2h 25m | $207K | $51K | 20x |
Bitget BMNRUSDT
BloFin BMNR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $194
- Price spread: −0.480% → −0.020%
- −$46
- Slippage, 4 orders
- −$79.52
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $44.48
- Costs to cover
- 1.035%
- Break-even
- 5.4 days
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 55 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 Bitget live order book, 1 min ago | 2.92 bp | 14.0 bp −$14 | 17.8 bp −$178 | 263.2 bp −$26.3K | doesn't fit |
| Sell BloFin live order book, 55 min ago | 5.42 bp | 13.7 bp −$14 | 24.1 bp −$241 | 72.5 bp −$7,252 | 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 BMNRUSDTlong | −0.0918% | 8h | 27.492 | long leg | $1.9M | $965K | 20x | |
| Vest BMNR-USD-PERP | −0.0006% | 1h | 27.360 | −0.480% | — | $36K | 25x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.415 | −0.281% | $48K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.415 | −0.281% | $60K | $497K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.429 | −0.231% | $21.6M | $52.6M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.423 | −0.251% | $3.2M | $2.0M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.460 | −0.116% | $3.5M | $4.1M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.440 | −0.189% | $4.1M | $8.9M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.370 | −0.442% | $212K | $596K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.474 | −0.064% | $6K | $190K | 10x | as long as short |
Vest BMNR-USD-PERP
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 | 27.384 | −0.393% | $1K | $867K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 27.367 | −0.455% | $6K | $40K | 20x | as long as short |
| Phemex BMNRUSDT | 0.0000% | 8h | 27.370 | −0.444% | $1.6M | $1.5M | 10x | as long as short |
| BloFin BMNR-USDTshort | +0.0006% | 8h | 27.360 | −0.480% | $207K | $51K | 20x | |
| QFEX BMNR-USD | +0.0013% | 1h | 27.440 | −0.189% | $1.2M | $1.1M | 10x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.390 | −0.371% | $344K | $52K | 10x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.418 | −0.269% | $902K | $1.4M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.470 | −0.080% | $36K | $15K | 5x | as long as short |
| KuCoin BMNRUSDTM | +0.0100% | 8h | 27.410 | −0.298% | $670K | $741K | 20x | as long as short |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.360 | −0.480% | $24K | $29K | 50x | as long as short |
SunX BMNR-USDT
HTX BMNR-USDT
Phemex BMNRUSDT
QFEX BMNR-USD
Lighter BMNR
tradeXYZ xyz:BMNR
Ondo Perps BMNR-USD.P
KuCoin BMNRUSDTM
ApeX Omni BMNRUSDT