Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against SunX−0.212%7-day average +0.013% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.212%, 7d avg +0.013%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.225% cheaper against SunX than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BMNR-USDT	27.829	0	get 0.0000% / 8h	3h 42m	$1K	$871K	10x
Short	Phemex BMNRUSDT	27.770	0	get 0.0000% / 8h	3h 42m	$1.6M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SunX. 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 SunXbpFee PhemexbpOrdersPrice spread, now −0.212%Rate

Funding earned: $0
Price spread: −0.212% → +0.013%: −$22.47
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$42.47
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 51 min ago; Phemex: live order book, 1 min ago. Net counts fees only.

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 SunX live order book, 51 min ago	500.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	3.60 bp	39.5 bp −$40	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	−0.0601%	8h	27.805	−0.086%	$1.9M	$921K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.780	−0.176%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.772	−0.205%	$52K	$619K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.764	−0.233%	$22.0M	$52.2M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.772	−0.205%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.780	−0.176%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.790	−0.140%	$4.2M	$9.0M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.820	−0.032%	$324K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.810	−0.069%	$5K	$185K	10x	as long as short
SunX BMNR-USDTlong	0.0000%	8h	27.829	long leg	$1K	$871K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.768	−0.219%	$5K	$40K	20x	as long as short
Phemex BMNRUSDTshort	0.0000%	8h	27.770	−0.212%	$1.6M	$1.5M	10x
QFEX BMNR-USD	+0.0012%	1h	27.790	−0.140%	$1.2M	$1.1M	10x	as long as short
BloFin BMNR-USDT	+0.0019%	8h	27.810	−0.068%	$209K	$52K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.789	−0.144%	$349K	$52K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.780	−0.176%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.771	−0.208%	$915K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.830	+0.004%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.780	−0.176%	$679K	$764K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.810	−0.068%	$24K	$29K	50x	as long as short