BMNR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h +0.011%

Price spread now: BloFin against Phemex0.000%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1361.363% of the position

Long on Phemex Short on BloFin

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)−0.038%−$4 · spread now 0.000%, 7d avg +0.017%

Together, before fees+0.356%+$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.395%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BMNRUSDT	27.650	0	get 0.0000% / 8h	3h 05m	$1.6M	$1.5M	10x
Short	BloFin BMNR-USDT	27.650	−0.0017	pay 0.0017% / 8h	3h 05m	$208K	$52K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. 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 PhemexbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$3.61
Price spread: 0.000% → +0.017%: −$1.67
Slippage, 4 orders: −$112.27
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$141.54
Costs to cover: 1.363%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; BloFin: live order book, 16 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 Phemex live order book, 3 min ago	3.62 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 16 min ago	5.42 bp	13.7 bp −$14	24.1 bp −$241	72.5 bp −$7,252	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	−0.0664%	8h	27.674	+0.087%	$1.9M	$921K	20x	as long as short
BloFin BMNR-USDTshort	−0.0017%	8h	27.650	0.000%	$208K	$52K	20x
Aster BMNRUSDT	0.0000%	8h	27.660	+0.035%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.640	−0.034%	$57K	$455K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.645	−0.017%	$21.8M	$52.3M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.641	−0.033%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.660	+0.036%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.650	0.000%	$4.1M	$9.1M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.650	+0.001%	$311K	$516K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.654	+0.014%	$6K	$188K	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	27.636	−0.051%	$959	$866K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.624	−0.094%	$6K	$40K	20x	as long as short
Phemex BMNRUSDTlong	0.0000%	8h	27.650	long leg	$1.6M	$1.5M	10x
QFEX BMNR-USD	+0.0012%	1h	27.650	0.000%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.667	+0.061%	$348K	$52K	10x	as long as short
Vest BMNR-USD-PERP	+0.0040%	1h	27.620	−0.108%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.652	+0.007%	$910K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.660	+0.036%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.630	−0.072%	$675K	$754K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.630	−0.072%	$24K	$29K	50x	as long as short