Settings8H · net · $10k
Funding arb · Price arb /

BMNR

RWAall BMNR markets
SwapBacktest
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 −0.019%
Price spread now: KuCoin against OKX−0.072%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$787as in the Funding arb table
Net, price: spread back to 7d avg − costs−$772as in the Price arb table
costs, in and out, $10k−$7727.723% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.148%−$15 on $10k
Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.072%, 7d avg −0.077%
Together, before fees−0.036%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.077%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.148%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BMNR-USDT-SWAP27.7300get 0.0000% / 8h4h 33m$3.5M$4.2M20x
ShortKuCoin BMNRUSDTM27.7100.0100get 0.0100% / 8h4h 33m$677K$779K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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

Funding earned
$21
Price spread: −0.072% → −0.077%
$0.47
Slippage, 4 orders
−$750.31
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$750.84
Costs to cover
7.723%
Break-even
257.3 days
Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 61 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago1.80 bp18.0 bp −$18136.2 bp −$1,362doesn't fitdoesn't fit
Sell KuCoin live order book, 61 min ago23.35 bp374.3 bp −$374doesn't fitdoesn't fitdoesn't fit

BMNR on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BMNRUSDT−0.0774%8h27.764+0.123%$1.9M$936K20xas long as short
Aster BMNRUSDT0.0000%8h27.711−0.067%$49K$101K20xas long as short
Extended BMNR-USD0.0000%1h27.722−0.029%$53K$630K10xas long as short
Binance BMNRUSDT0.0000%8h27.738+0.028%$22.0M$52.8M25xas long as short
Bybit BMNRUSDT0.0000%8h27.722−0.029%$3.2M$2.0M25xas long as short
OKX BMNR-USDT-SWAPlong0.0000%8h27.730long leg$3.5M$4.2M20x
Gate BMNR_USDT0.0000%8h27.720−0.036%$4.2M$9.2M50xas long as short
Variational Omni BMNR0.0000%8h27.670−0.216%$323K$504Kas long as short
GRVT BMNR_USDT_Perp0.0000%8h27.700−0.108%$6K$181K10xas long as short
SunX BMNR-USDT0.0000%8h27.696−0.123%$1K$888K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BMNR-USDT0.0000%8h27.676−0.195%$6K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h27.690−0.144%$1.6M$1.5M10xas long as short
QFEX BMNR-USD+0.0018%1h27.7300.000%$1.2M$1.2M10xas long as short
BloFin BMNR-USDT+0.0027%8h27.700−0.108%$209K$52K20xas long as short
Lighter BMNR+0.0032%1h27.722−0.029%$349K$53K10xas long as short
Vest BMNR-USD-PERP+0.0046%1h27.650−0.288%$36K25xas long as short
tradeXYZ xyz:BMNR+0.0050%1h27.734+0.014%$914K$1.5M10xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h27.630−0.361%$36K$15K5xas long as short
KuCoin BMNRUSDTMshort+0.0100%8h27.710−0.072%$677K$779K20x
ApeX Omni BMNRUSDT+0.0100%1h27.690−0.144%$24K$29K50xas long as short