Funding you earn now, next payment 01:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h −0.024%
Price spread now: QFEX against KuCoin−0.036%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$829as in the Price arb table
costs, in and out, $10k−$8218.215% of the position
Funding, last 3 days (all we have)−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.036%, 7d avg +0.045%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.080% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BMNRUSDTM | 28.090 | 0.0100 | pay 0.0100% / 8h | 6h 59m | $694K | $771K | 20x |
| Short | QFEX BMNR-USD | 28.080 | −0.0001 | pay 0.0000% / 1h | 59m 10s | $1.2M | $1.5M | 10x |
KuCoin BMNRUSDTM
QFEX BMNR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against KuCoin. 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
- −$21.18
- Price spread: −0.036% → +0.045%
- −$8.01
- Slippage, 4 orders
- −$799.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$850.65
- Costs to cover
- 8.215%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 55 min ago; QFEX: live order book, 7 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, 55 min ago | 14.07 bp | 450.7 bp −$451 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.77 bp | 10.3 bp −$10 | 14.0 bp −$140 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX BMNR-USDshort | −0.0001% | 1h | 28.080 | −0.036% | $1.2M | $1.5M | 10x | |
| Aster BMNRUSDT | 0.0000% | 8h | 28.083 | −0.023% | $53K | $98K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 28.065 | −0.089% | $38K | $597K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 28.090 | 0.000% | $22.1M | $52.9M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 28.099 | +0.032% | $3.4M | $1.9M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 28.100 | +0.036% | $3.6M | $4.9M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 28.090 | 0.000% | $4.2M | $9.4M | 50x | as long as short |
| Bitget BMNRUSDT | 0.0000% | 8h | 28.102 | +0.043% | $2.0M | $992K | 20x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 28.145 | +0.196% | $314K | $492K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 28.153 | +0.226% | $6K | $180K | 10x | as long as short |
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
Bybit BMNRUSDT
OKX BMNR-USDT-SWAP
Gate BMNR_USDT
Bitget BMNRUSDT
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 | 28.109 | +0.068% | $1K | $944K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 28.110 | +0.071% | $5K | $40K | 20x | as long as short |
| Phemex BMNRUSDT | 0.0000% | 8h | 28.080 | −0.036% | $1.6M | $1.5M | 10x | as long as short |
| BloFin BMNR-USDT | +0.0023% | 8h | 28.050 | −0.142% | $211K | $62K | 20x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 28.089 | −0.004% | $353K | $53K | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0046% | 1h | 28.090 | 0.000% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 28.094 | +0.014% | $949K | $1.5M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 28.060 | −0.107% | $37K | $16K | 5x | as long as short |
| KuCoin BMNRUSDTMlong | +0.0100% | 8h | 28.090 | long leg | $694K | $771K | 20x | |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 28.210 | +0.427% | $25K | $45K | 50x | as long as short |
SunX BMNR-USDT
HTX BMNR-USDT
Phemex BMNRUSDT
BloFin BMNR-USDT
Lighter BMNR
Vest BMNR-USD-PERP
tradeXYZ xyz:BMNR
Ondo Perps BMNR-USD.P
ApeX Omni BMNRUSDT