BMNR

Alert: funding

Alert: spread

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 Bybit−0.011%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$584as in the Funding arb table

Net, price: spread back to 7d avg − costs−$584as in the Price arb table

costs, in and out, $10k−$5865.859% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.011%, 7d avg −0.034%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BMNRUSDT	27.793	0	get 0.0000% / 8h	4h 08m	$3.2M	$2.0M	25x
Short	KuCoin BMNRUSDTM	27.790	0.0100	get 0.0100% / 8h	4h 08m	$679K	$769K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.011%Rate

Funding earned: $21
Price spread: −0.011% → −0.034%: $2.32
Slippage, 4 orders: −$562.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$562.58
Costs to cover: 5.859%
Break-even: 194.5 days

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 21 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 Bybit live order book, 4 min ago	4.32 bp	21.9 bp −$22	115.5 bp −$1,155	doesn't fit	doesn't fit
Sell KuCoin live order book, 21 min ago	19.80 bp	346.6 bp −$347	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	−0.0699%	8h	27.827	+0.122%	$1.9M	$932K	20x	as long as short
BloFin BMNR-USDT	−0.0026%	8h	27.800	+0.025%	$209K	$52K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.789	−0.015%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.792	−0.003%	$52K	$628K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.800	+0.025%	$22.0M	$52.7M	25x	as long as short
Bybit BMNRUSDTlong	0.0000%	8h	27.793	long leg	$3.2M	$2.0M	25x
OKX BMNR-USDT-SWAP	0.0000%	8h	27.820	+0.097%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.800	+0.025%	$4.2M	$9.3M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.800	+0.025%	$324K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.806	+0.047%	$6K	$183K	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	27.817	+0.086%	$882	$886K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.772	−0.076%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.810	+0.061%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0018%	1h	27.790	−0.011%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.800	+0.025%	$350K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.780	−0.047%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.785	−0.029%	$916K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.800	+0.025%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTMshort	+0.0100%	8h	27.790	−0.011%	$679K	$769K	20x
ApeX Omni BMNRUSDT	+0.0100%	1h	27.780	−0.047%	$24K	$29K	50x	as long as short