Funding you earn now, next payment 08:00 UTC+0.0435%/8h= +47.6% APRnext payment +$4.35 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bitget−0.040%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1491.490% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.040%, 7d avg −0.040%
=The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BMNRUSDT | 27.521 | −0.0435 | get 0.0435% / 8h | 4m 45s | $1.8M | $1.3M | 20x |
| Short | Phemex BMNRUSDT | 27.510 | 0 | get 0.0000% / 8h | 4m 45s | $1.6M | $1.4M | 10x |
Bitget BMNRUSDT
Phemex BMNRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- $91.35
- Price spread: −0.040% → −0.040%
- −$0.03
- Slippage, 4 orders
- −$124.99
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$57.67
- Costs to cover
- 1.490%
- Break-even
- 11.4 days
Slippage from Bitget: live order book, 2 min ago; Phemex: live order book, 3 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 Bitget live order book, 2 min ago | 2.18 bp | 20.9 bp −$21 | 53.8 bp −$538 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 7.28 bp | 47.4 bp −$47 | 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 BMNRUSDTlong | −0.0435% | 8h | 27.521 | long leg | $1.8M | $1.3M | 20x | |
| tradeXYZ xyz:BMNR | −0.0372% | 1h | 27.472 | −0.178% | $765K | $1.5M | 10x | as long as short |
| BloFin BMNR-USDT | −0.0008% | 8h | 27.510 | −0.040% | $208K | $62K | 20x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.505 | −0.058% | $47K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.513 | −0.028% | $57K | $360K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.510 | −0.040% | $21.6M | $51.3M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.513 | −0.029% | $3.2M | $1.9M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.510 | −0.040% | $3.5M | $3.9M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.510 | −0.040% | $4.1M | $8.5M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.491 | −0.108% | $213K | $607K | — | as long as short |
tradeXYZ xyz:BMNR
BloFin BMNR-USDT
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
Bybit BMNRUSDT
OKX BMNR-USDT-SWAP
Gate BMNR_USDT
Variational Omni BMNRShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.501 | −0.073% | $6K | $182K | 10x | as long as short |
| SunX BMNR-USDT | 0.0000% | 8h | 27.492 | −0.105% | $1K | $806K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 27.475 | −0.167% | $5K | $40K | 20x | as long as short |
| Phemex BMNRUSDTshort | 0.0000% | 8h | 27.510 | −0.040% | $1.6M | $1.4M | 10x | |
| Vest BMNR-USD-PERP | +0.0003% | 1h | 27.460 | −0.222% | — | $36K | 25x | as long as short |
| QFEX BMNR-USD | +0.0010% | 1h | 27.500 | −0.076% | $1.2M | $1.0M | 10x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.519 | −0.007% | $343K | $53K | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.510 | −0.040% | $36K | $14K | 5x | as long as short |
| KuCoin BMNRUSDTM | +0.0100% | 8h | 27.490 | −0.113% | $670K | $700K | 20x | as long as short |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.470 | −0.185% | $24K | $23K | 50x | as long as short |
GRVT BMNR_USDT_Perp
SunX BMNR-USDT
HTX BMNR-USDT
Vest BMNR-USD-PERP
QFEX BMNR-USD
Lighter BMNR
Ondo Perps BMNR-USD.P
KuCoin BMNRUSDTM
ApeX Omni BMNRUSDT