Funding you earn now, next payment 08:00 UTC+0.0802%/8h= +87.8% APRnext payment +$8.02 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bitget−0.145%46s7-day average −0.039% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.145%, 7d avg −0.039%
=Funding pays, the price is against you. Phemex is 0.106% cheaper against Bitget than usual: you would sell low and buy high (spread −0.145% now, against its 7-day average of −0.039%). If the spread goes back, that is −$11 on $10k: about 11 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.004% in total) that is about 7 months. The two prices were read 46 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 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.02 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 | 27.550 | −0.0802 | get 0.0802% / 8h | 1h 26m | $1.8M | $1.3M | 20x |
| Short | Phemex BMNRUSDT | 27.510 | 0 | get 0.0000% / 8h | 1h 26m | $1.6M | $1.5M | 10x |
Bitget BMNRUSDT
Phemex BMNRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $168.42
- Price spread: −0.145% → −0.039%
- −$10.63
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $133.79
- Costs to cover
- 0.240%
- Break-even
- 1.4 days
Slippage unknown: Bitget: live order book, 1 min ago; Phemex: live order book, 2 min ago. Net counts fees only.
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 | 2.54 bp | 23.7 bp −$24 | 28.9 bp −$289 | 299.2 bp −$29.9K | doesn't fit |
| Sell Phemex live order book, 2 min ago | 5.45 bp | 55.8 bp −$56 | 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 BMNRUSDTlong | −0.0802% | 8h | 27.550 | long leg | $1.8M | $1.3M | 20x | |
| BloFin BMNR-USDT | −0.0018% | 8h | 27.500 | −0.181% | $207K | $51K | 20x | as long as short |
| Vest BMNR-USD-PERP | −0.0004% | 1h | 27.480 | −0.254% | — | $36K | 25x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.524 | −0.096% | $47K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.532 | −0.067% | $58K | $348K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.540 | −0.036% | $21.6M | $52.6M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.533 | −0.062% | $3.2M | $2.0M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.540 | −0.036% | $3.5M | $4.2M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.520 | −0.109% | $4.1M | $8.6M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.470 | −0.290% | $213K | $616K | — | as long as short |
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 | 27.467 | −0.300% | $6K | $188K | 10x | as long as short |
| SunX BMNR-USDT | 0.0000% | 8h | 27.543 | −0.025% | $1K | $851K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 27.486 | −0.232% | $6K | $40K | 20x | as long as short |
| Phemex BMNRUSDTshort | 0.0000% | 8h | 27.510 | −0.145% | $1.6M | $1.5M | 10x | |
| QFEX BMNR-USD | +0.0019% | 1h | 27.530 | −0.073% | $1.2M | $1.1M | 10x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.550 | 0.000% | $344K | $52K | 10x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.531 | −0.069% | $904K | $1.4M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.510 | −0.145% | $36K | $15K | 5x | as long as short |
| KuCoin BMNRUSDTM | +0.0100% | 8h | 27.520 | −0.109% | $672K | $724K | 20x | as long as short |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.460 | −0.327% | $24K | $29K | 50x | as long as short |
GRVT BMNR_USDT_Perp
SunX BMNR-USDT
HTX BMNR-USDT
QFEX BMNR-USD
Lighter BMNR
tradeXYZ xyz:BMNR
Ondo Perps BMNR-USD.P
KuCoin BMNRUSDTM
ApeX Omni BMNRUSDT