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: KuCoin against Phemex−0.036%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$825as in the Funding arb table
Net, price: spread back to 7d avg − costs−$841as in the Price arb table
costs, in and out, $10k−$8418.410% of the position
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 4 days (all we have)+0.536%+$54 · spread now −0.036%, 7d avg −0.034%
=The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BMNRUSDT | 27.860 | 0 | get 0.0000% / 8h | 5h 23m | $1.6M | $1.5M | 10x |
| Short | KuCoin BMNRUSDTM | 27.850 | 0.0100 | get 0.0100% / 8h | 5h 23m | $681K | $799K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.036% → −0.034%
- −$0.15
- Slippage, 4 orders
- −$816.95
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$820.1
- Costs to cover
- 8.410%
- Break-even
- 280.4 days
Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 11 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, 5 min ago | 3.59 bp | 52.0 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 23.35 bp | 374.3 bp −$374 | 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 | −0.0748% | 8h | 27.879 | +0.068% | $1.9M | $936K | 20x | as long as short |
| BloFin BMNR-USDT | −0.0001% | 8h | 27.860 | 0.000% | $168K | $61K | 20x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.837 | −0.083% | $49K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.861 | +0.003% | $53K | $632K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.865 | +0.018% | $22.1M | $52.7M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.863 | +0.011% | $3.3M | $1.9M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.880 | +0.072% | $3.6M | $4.3M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.860 | 0.000% | $4.2M | $9.6M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.849 | −0.038% | $317K | $497K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.840 | −0.072% | $6K | $177K | 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 | 27.840 | −0.072% | $1K | $889K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 27.899 | +0.140% | $5K | $40K | 20x | as long as short |
| Phemex BMNRUSDTlong | 0.0000% | 8h | 27.860 | long leg | $1.6M | $1.5M | 10x | |
| QFEX BMNR-USD | +0.0012% | 1h | 27.870 | +0.036% | $1.2M | $1.2M | 10x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.850 | −0.036% | $350K | $53K | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0046% | 1h | 27.840 | −0.072% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.864 | +0.014% | $927K | $1.5M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.850 | −0.036% | $36K | $16K | 5x | as long as short |
| KuCoin BMNRUSDTMshort | +0.0100% | 8h | 27.850 | −0.036% | $681K | $799K | 20x | |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.820 | −0.144% | $24K | $29K | 50x | as long as short |
Phemex BMNRUSDT
KuCoin BMNRUSDTM
Bitget BMNRUSDT
BloFin BMNR-USDT
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
Bybit BMNRUSDT
OKX BMNR-USDT-SWAP
Gate BMNR_USDT
Variational Omni BMNR
GRVT BMNR_USDT_Perp
SunX BMNR-USDT
HTX BMNR-USDT
Lighter BMNR
tradeXYZ xyz:BMNR
ApeX Omni BMNRUSDT