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 Phemex+0.036%50s7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$826as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$8428.422% of the position
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%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.071% dearer against Phemex than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.035%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BMNRUSDT | 27.690 | 0 | get 0.0000% / 8h | 4h 34m | $1.6M | $1.5M | 10x |
| Short | KuCoin BMNRUSDTM | 27.700 | 0.0100 | get 0.0100% / 8h | 4h 34m | $677K | $779K | 20x |
Phemex BMNRUSDT
KuCoin BMNRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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
- $21
- Price spread: +0.036% → −0.035%
- $7.09
- Slippage, 4 orders
- −$818.25
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$814.15
- Costs to cover
- 8.422%
- Break-even
- 278.4 days
Slippage from Phemex: live order book, 4 min ago; KuCoin: live order book, 60 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 | 3.61 bp | 51.1 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 60 min ago | 23.35 bp | 374.3 bp −$374 | 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 | +0.101% | $1.9M | $936K | 20x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.698 | +0.029% | $49K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.675 | −0.054% | $53K | $630K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.696 | +0.020% | $22.0M | $52.8M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.679 | −0.040% | $3.2M | $2.0M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.680 | −0.036% | $3.5M | $4.2M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.680 | −0.036% | $4.1M | $9.2M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.670 | −0.072% | $323K | $504K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.717 | +0.097% | $6K | $181K | 10x | as long as short |
| SunX BMNR-USDT | 0.0000% | 8h | 27.696 | +0.022% | $1K | $888K | 10x | as long as short |
Bitget BMNRUSDT
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
Bybit BMNRUSDT
OKX BMNR-USDT-SWAP
Gate BMNR_USDT
Variational Omni BMNR
GRVT BMNR_USDT_Perp
SunX BMNR-USDTShow 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 | −0.051% | $6K | $40K | 20x | as long as short |
| Phemex BMNRUSDTlong | 0.0000% | 8h | 27.690 | long leg | $1.6M | $1.5M | 10x | |
| QFEX BMNR-USD | +0.0018% | 1h | 27.690 | 0.000% | $1.2M | $1.2M | 10x | as long as short |
| BloFin BMNR-USDT | +0.0027% | 8h | 27.700 | +0.036% | $209K | $52K | 20x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.690 | 0.000% | $348K | $53K | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0046% | 1h | 27.650 | −0.144% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.693 | +0.011% | $913K | $1.5M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.630 | −0.217% | $36K | $15K | 5x | as long as short |
| KuCoin BMNRUSDTMshort | +0.0100% | 8h | 27.700 | +0.036% | $677K | $779K | 20x | |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.690 | 0.000% | $24K | $29K | 50x | as long as short |
HTX BMNR-USDT
QFEX BMNR-USD
BloFin BMNR-USDT
Lighter BMNR
Vest BMNR-USD-PERP
tradeXYZ xyz:BMNR
Ondo Perps BMNR-USD.P
ApeX Omni BMNRUSDT