Settings8H · net · $10k
Funding arb · Price arb /

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.1% APRnext payment +$0.29 per $10,000 · paid last 24h −0.011%
Price spread now: Gate against BloFin0.000%93s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$590.589% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.395%−$39 on $10k
Price spread, last 4 days (all we have)+0.064%+$6 · spread now 0.000%, 7d avg −0.021%
Together, before fees−0.331%−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.021% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.395%, so the current rate has only just turned in your favour. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BMNR-USDT27.510−0.0029get 0.0029% / 8h9m 35s$207K$51K20x
ShortGate BMNR_USDT27.5100get 0.0000% / 8h9m 35s$4.1M$8.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$5.99
Price spread: 0.000% → −0.021%
$2.09
Slippage, 4 orders
−$31.89
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$50.81
Costs to cover
0.589%
Break-even
66.4 days
Slippage from BloFin: live order book, 61 min ago; Gate: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 61 min ago5.45 bp11.4 bp −$1114.1 bp −$14154.1 bp −$5,407doesn't fit
Sell Gate live order book, 4 min ago3.63 bp17.3 bp −$1765.0 bp −$650doesn't fitdoesn't fit

BMNR on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BMNRUSDT−0.0456%8h27.529+0.069%$1.9M$1.3M20xas long as short
tradeXYZ xyz:BMNR−0.0396%1h27.483−0.098%$765K$1.5M10xas long as short
BloFin BMNR-USDTlong−0.0029%8h27.510long leg$207K$51K20x
Aster BMNRUSDT0.0000%8h27.515+0.019%$47K$101K20xas long as short
Extended BMNR-USD0.0000%1h27.509−0.005%$57K$360K10xas long as short
Binance BMNRUSDT0.0000%8h27.500−0.036%$21.5M$51.2M25xas long as short
Bybit BMNRUSDT0.0000%8h27.514+0.015%$3.2M$1.9M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h27.500−0.036%$3.5M$3.9M20xas long as short
Gate BMNR_USDTshort0.0000%8h27.5100.000%$4.1M$8.5M50x
Variational Omni BMNR0.0000%8h27.492−0.067%$213K$607Kas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BMNR_USDT_Perp0.0000%8h27.524+0.049%$6K$182K10xas long as short
SunX BMNR-USDT0.0000%8h27.514+0.015%$894$805K10xas long as short
HTX BMNR-USDT0.0000%8h27.546+0.131%$6K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h27.5100.000%$1.6M$1.4M10xas long as short
Vest BMNR-USD-PERP+0.0004%1h27.460−0.182%$36K25xas long as short
QFEX BMNR-USD+0.0010%1h27.500−0.036%$1.2M$1.0M10xas long as short
Lighter BMNR+0.0032%1h27.532+0.080%$344K$53K10xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h27.470−0.145%$36K$14K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h27.500−0.036%$670K$698K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h27.500−0.036%$24K$23K50xas long as short