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: Phemex against KuCoin−0.036%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$858as in the Funding arb table

Net, price: spread back to 7d avg − costs−$849as in the Price arb table

costs, in and out, $10k−$8428.422% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 4 days (all we have)−0.175%−$18 · spread now −0.036%, 7d avg +0.035%

Together, before fees−0.333%−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.071% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BMNRUSDTM	27.700	0.0100	pay 0.0100% / 8h	4h 34m	$677K	$779K	20x
Short	Phemex BMNRUSDT	27.690	0	get 0.0000% / 8h	4h 34m	$1.6M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$21
Price spread: −0.036% → +0.035%: −$7.09
Slippage, 4 orders: −$818.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$870.34
Costs to cover: 8.422%
Break-even: never at this rate

Slippage from KuCoin: live order book, 60 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 KuCoin live order book, 60 min ago	23.35 bp	366.4 bp −$366	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	3.61 bp	50.5 bp −$50	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	−0.0769%	8h	27.718	+0.065%	$1.9M	$936K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.698	−0.007%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.675	−0.090%	$53K	$630K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.682	−0.067%	$22.0M	$52.8M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.679	−0.076%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.680	−0.072%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.680	−0.072%	$4.1M	$9.2M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.670	−0.108%	$323K	$504K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.717	+0.061%	$6K	$181K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.696	−0.014%	$1K	$888K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.676	−0.087%	$6K	$40K	20x	as long as short
Phemex BMNRUSDTshort	0.0000%	8h	27.690	−0.036%	$1.6M	$1.5M	10x
QFEX BMNR-USD	+0.0018%	1h	27.690	−0.036%	$1.2M	$1.2M	10x	as long as short
BloFin BMNR-USDT	+0.0027%	8h	27.700	0.000%	$209K	$52K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.690	−0.036%	$348K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.660	−0.144%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.680	−0.072%	$912K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.630	−0.253%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTMlong	+0.0100%	8h	27.700	long leg	$677K	$779K	20x
ApeX Omni BMNRUSDT	+0.0100%	1h	27.690	−0.036%	$24K	$29K	50x	as long as short