Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Phemex−0.058%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1441.439% of the position
Funding, last 7 days+0.135%+$14 on $10k
+Price spread, last 4 days (all we have)+0.596%+$60 · spread now −0.058%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.060% cheaper against Phemex than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BMNRUSDT | 27.610 | 0 | get 0.0000% / 8h | 7h 36m | $1.6M | $1.4M | 10x |
| Short | Bybit BMNRUSDT | 27.594 | 0 | get 0.0000% / 8h | 7h 36m | $3.2M | $1.8M | 25x |
Phemex BMNRUSDT
Bybit BMNRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phemex. 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
- $0
- Price spread: −0.058% → +0.002%
- −$5.99
- Slippage, 4 orders
- −$120.9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$149.9
- Costs to cover
- 1.439%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Bybit: 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 Phemex live order book, 2 min ago | 5.44 bp | 51.6 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.53 bp | 24.8 bp −$25 | 151.8 bp −$1,518 | 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 | −0.0288% | 8h | 27.618 | +0.029% | $1.9M | $1.3M | 20x | as long as short |
| tradeXYZ xyz:BMNR | −0.0102% | 1h | 27.591 | −0.069% | $764K | $1.5M | 10x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.585 | −0.091% | $47K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.579 | −0.114% | $59K | $363K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.593 | −0.061% | $21.5M | $50.2M | 25x | as long as short |
| Bybit BMNRUSDTshort | 0.0000% | 8h | 27.594 | −0.058% | $3.2M | $1.8M | 25x | |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.580 | −0.109% | $3.5M | $3.7M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.600 | −0.036% | $4.1M | $7.9M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.560 | −0.179% | $213K | $607K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.560 | −0.181% | $5K | $178K | 10x | as long as short |
Bitget BMNRUSDT
tradeXYZ xyz:BMNR
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
OKX BMNR-USDT-SWAP
Gate BMNR_USDT
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 | 27.595 | −0.054% | $1K | $788K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 27.595 | −0.054% | $6K | $40K | 20x | as long as short |
| Phemex BMNRUSDTlong | 0.0000% | 8h | 27.610 | long leg | $1.6M | $1.4M | 10x | |
| QFEX BMNR-USD | +0.0010% | 1h | 27.570 | −0.145% | $1.2M | $993K | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0012% | 1h | 27.550 | −0.217% | — | $36K | 25x | as long as short |
| BloFin BMNR-USDT | +0.0018% | 8h | 27.600 | −0.036% | $209K | $62K | 20x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.601 | −0.033% | $344K | $53K | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.510 | −0.362% | $36K | $11K | 5x | as long as short |
| KuCoin BMNRUSDTM | +0.0100% | 8h | 27.560 | −0.181% | $671K | $710K | 20x | as long as short |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.560 | −0.181% | $24K | $23K | 50x | as long as short |
SunX BMNR-USDT
HTX BMNR-USDT
QFEX BMNR-USD
Vest BMNR-USD-PERP
BloFin BMNR-USDT
Lighter BMNR
Ondo Perps BMNR-USD.P
KuCoin BMNRUSDTM
ApeX Omni BMNRUSDT