BMNR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Phemex against KuCoin0.000%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$672as in the Funding arb table

Net, price: spread back to 7d avg − costs−$660as in the Price arb table

costs, in and out, $10k−$6566.562% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now 0.000%, 7d avg +0.036%

Together, before fees−0.312%−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.036% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BMNRUSDTM	27.800	0.0100	pay 0.0100% / 8h	3h 36m	$679K	$765K	20x
Short	Phemex BMNRUSDT	27.800	0	get 0.0000% / 8h	3h 36m	$1.6M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → +0.036%: −$3.57
Slippage, 4 orders: −$632.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$680.73
Costs to cover: 6.562%
Break-even: never at this rate

Slippage from KuCoin: live order book, 52 min ago; Phemex: live order book, 1 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 KuCoin live order book, 52 min ago	19.80 bp	204.4 bp −$204	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	5.39 bp	63.5 bp −$63	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	−0.0586%	8h	27.827	+0.097%	$1.9M	$921K	20x	as long as short
BloFin BMNR-USDT	−0.0020%	8h	27.800	0.000%	$209K	$52K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.795	−0.018%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.802	+0.007%	$52K	$621K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.809	+0.031%	$22.0M	$52.2M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.790	−0.036%	$3.2M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.830	+0.108%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.800	0.000%	$4.2M	$9.0M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.780	−0.071%	$324K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.785	−0.053%	$6K	$185K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	27.793	−0.025%	$1K	$869K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.766	−0.122%	$5K	$40K	20x	as long as short
Phemex BMNRUSDTshort	0.0000%	8h	27.800	0.000%	$1.6M	$1.5M	10x
QFEX BMNR-USD	+0.0012%	1h	27.790	−0.036%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.821	+0.076%	$350K	$52K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.770	−0.108%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.790	−0.036%	$916K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.740	−0.216%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTMlong	+0.0100%	8h	27.800	long leg	$679K	$765K	20x
ApeX Omni BMNRUSDT	+0.0100%	1h	27.770	−0.108%	$24K	$29K	50x	as long as short