BMNR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.010%

Price spread now: Phemex against BloFin−0.214%659s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$175as 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−$1361.356% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.393%−$39 on $10k

Price spread, last 3 days (all we have)+0.201%+$20 · spread now −0.214%, 7d avg −0.018%

Together, before fees−0.191%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.196% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 659 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BMNR-USDT	28.000	0.0017	pay 0.0017% / 8h	6h 37m	$213K	$62K	20x
Short	Phemex BMNRUSDT	27.940	0	get 0.0000% / 8h	6h 37m	$1.6M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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

Position, each leg$Hold fordaysFee BloFinbpFee PhemexbpOrdersPrice spread, now −0.214%Rate

Funding earned: −$3.54
Price spread: −0.214% → −0.018%: −$19.61
Slippage, 4 orders: −$111.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$158.75
Costs to cover: 1.356%
Break-even: never at this rate

Slippage from BloFin: live order book, 22 min ago; Phemex: live order book, 5 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 BloFin live order book, 22 min ago	5.34 bp	13.3 bp −$13	26.9 bp −$269	105.6 bp −$10.6K	doesn't fit
Sell Phemex live order book, 5 min ago	5.36 bp	39.4 bp −$39	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	−0.0313%	8h	28.006	+0.021%	$2.0M	$991K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.960	−0.143%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.963	−0.133%	$38K	$617K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.968	−0.114%	$22.4M	$53.9M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.946	−0.193%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.990	−0.036%	$3.6M	$4.8M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.980	−0.071%	$4.2M	$9.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.991	−0.033%	$312K	$492K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.980	−0.071%	$6K	$179K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.949	−0.182%	$1K	$946K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.947	−0.189%	$6K	$40K	20x	as long as short
Phemex BMNRUSDTshort	0.0000%	8h	27.940	−0.214%	$1.6M	$1.5M	10x
QFEX BMNR-USD	+0.0002%	1h	27.980	−0.071%	$1.2M	$1.4M	10x	as long as short
BloFin BMNR-USDTlong	+0.0017%	8h	28.000	long leg	$213K	$62K	20x
Lighter BMNR	+0.0032%	1h	27.940	−0.214%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.940	−0.214%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.960	−0.143%	$36K	$17K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.940	−0.214%	$683K	$802K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.960	−0.143%	$24K	$45K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0202%	1h	27.969	−0.111%	$943K	$1.5M	10x	as long as short