Funding you earn now, next payment 08:00 UTC−0.0777%/8h= −85.1% APRnext payment −$7.77 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate+0.091%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1071.066% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now +0.091%, 7d avg +0.023%
=The price spread pays, funding is against you. Bitget is 0.068% dearer against Gate than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.023%): +$7 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.004% in total) that is about 4 months.
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 −$7.77 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 | Gate BMNR_USDT | 27.550 | 0 | get 0.0000% / 8h | 1h 54m | $4.1M | $8.6M | 50x |
| Short | Bitget BMNRUSDT | 27.575 | −0.0777 | pay 0.0777% / 8h | 1h 54m | $1.8M | $1.3M | 20x |
Gate BMNR_USDT
Bitget BMNRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$163.17
- Price spread: +0.091% → +0.023%
- $6.82
- Slippage, 4 orders
- −$79.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$262.93
- Costs to cover
- 1.066%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 3 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 Gate live order book, 4 min ago | 3.62 bp | 16.2 bp −$16 | 67.0 bp −$670 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.54 bp | 44.2 bp −$44 | 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 BMNRUSDTshort | −0.0777% | 8h | 27.575 | +0.091% | $1.8M | $1.3M | 20x | |
| Vest BMNR-USD-PERP | −0.0004% | 1h | 27.510 | −0.145% | — | $36K | 25x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.545 | −0.018% | $49K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.527 | −0.082% | $57K | $498K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.540 | −0.036% | $21.6M | $53.0M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.546 | −0.015% | $3.2M | $2.0M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.550 | 0.000% | $3.5M | $4.2M | 20x | as long as short |
| Gate BMNR_USDTlong | 0.0000% | 8h | 27.550 | long leg | $4.1M | $8.6M | 50x | |
| Variational Omni BMNR | 0.0000% | 8h | 27.580 | +0.110% | $224K | $607K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.616 | +0.241% | $6K | $190K | 10x | as long as short |
Vest BMNR-USD-PERP
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
Bybit BMNRUSDT
OKX BMNR-USDT-SWAP
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 | 27.634 | +0.305% | $1K | $864K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 27.550 | 0.000% | $6K | $40K | 20x | as long as short |
| Phemex BMNRUSDT | 0.0000% | 8h | 27.550 | 0.000% | $1.6M | $1.5M | 10x | as long as short |
| BloFin BMNR-USDT | +0.0001% | 8h | 27.580 | +0.109% | $206K | $52K | 20x | as long as short |
| QFEX BMNR-USD | +0.0019% | 1h | 27.530 | −0.073% | $1.2M | $1.1M | 10x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.557 | +0.025% | $344K | $52K | 10x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.532 | −0.065% | $905K | $1.4M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.620 | +0.254% | $36K | $15K | 5x | as long as short |
| KuCoin BMNRUSDTM | +0.0100% | 8h | 27.550 | 0.000% | $674K | $731K | 20x | as long as short |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.590 | +0.145% | $24K | $29K | 50x | as long as short |
SunX BMNR-USDT
HTX BMNR-USDT
Phemex BMNRUSDT
BloFin BMNR-USDT
QFEX BMNR-USD
Lighter BMNR
tradeXYZ xyz:BMNR
Ondo Perps BMNR-USD.P
KuCoin BMNRUSDTM
ApeX Omni BMNRUSDT