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: Gate against Phemex+0.036%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1591.588% of the position

Long on Phemex Short on Gate

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)+0.040%+$4 · spread now +0.036%, 7d avg −0.001%

Together, before fees+0.040%+$4 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: Gate is 0.038% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BMNRUSDT	27.510	0	get 0.0000% / 8h	7h 59m	$1.6M	$1.4M	10x
Short	Gate BMNR_USDT	27.520	0	get 0.0000% / 8h	7h 59m	$4.1M	$7.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.001%: $3.78
Slippage, 4 orders: −$131.76
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$154.98
Costs to cover: 1.588%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Gate: live order book, 4 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 Phemex live order book, 4 min ago	3.63 bp	63.3 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.45 bp	21.1 bp −$21	82.4 bp −$824	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
tradeXYZ xyz:BMNR	−0.0500%	1h	27.527	+0.062%	$765K	$1.5M	10x	as long as short
Bitget BMNRUSDT	−0.0405%	8h	27.525	+0.055%	$1.8M	$1.3M	20x	as long as short
BloFin BMNR-USDT	−0.0004%	8h	27.520	+0.036%	$208K	$62K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.535	+0.093%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.520	+0.038%	$57K	$359K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.523	+0.047%	$21.6M	$51.3M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.535	+0.091%	$3.2M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.540	+0.109%	$3.5M	$3.8M	20x	as long as short
Gate BMNR_USDTshort	0.0000%	8h	27.520	+0.036%	$4.1M	$7.9M	50x
Variational Omni BMNR	0.0000%	8h	27.491	−0.068%	$213K	$607K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BMNR_USDT_Perp	0.0000%	8h	27.499	−0.038%	$6K	$182K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.510	0.000%	$1K	$807K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.523	+0.047%	$6K	$40K	20x	as long as short
Phemex BMNRUSDTlong	0.0000%	8h	27.510	long leg	$1.6M	$1.4M	10x
Vest BMNR-USD-PERP	+0.0003%	1h	27.490	−0.073%	—	$36K	25x	as long as short
QFEX BMNR-USD	+0.0010%	1h	27.530	+0.073%	$1.2M	$1.0M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.517	+0.025%	$343K	$53K	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.520	+0.036%	$36K	$14K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.500	−0.036%	$670K	$701K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.490	−0.073%	$24K	$23K	50x	as long as short