Funding you earn now, next payment 03:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.006%
Price spread now: QFEX against Phemex−0.036%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1021.016% of the position
Funding, last 4 days (all we have)+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.536%+$54 · spread now −0.036%, 7d avg +0.014%
=Funding pays, the price is against you. QFEX is 0.050% cheaper against Phemex than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.014%). If the spread goes back, that is −$5 on $10k: about 14 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BMNRUSDT | 27.750 | 0 | get 0.0000% / 8h | 5h 46m | $1.6M | $1.5M | 10x |
| Short | QFEX BMNR-USD | 27.740 | 0.0012 | get 0.0002% / 1h | 46m 37s | $1.2M | $1.2M | 10x |
Phemex BMNRUSDT
QFEX BMNR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $2.57
- Price spread: −0.036% → +0.014%
- −$4.99
- Slippage, 4 orders
- −$79.6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$104.02
- Costs to cover
- 1.016%
- Break-even
- 290.3 days
Slippage from Phemex: live order book, 1 min ago; QFEX: live order book, 5 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, 1 min ago | 1.80 bp | 41.2 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.80 bp | 10.4 bp −$10 | 15.8 bp −$158 | 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 | −0.0760% | 8h | 27.777 | +0.097% | $1.9M | $929K | 20x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.778 | +0.099% | $50K | $100K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.735 | −0.053% | $52K | $634K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.750 | 0.000% | $22.0M | $52.7M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.743 | −0.025% | $3.2M | $1.9M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.750 | 0.000% | $3.6M | $4.3M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.760 | +0.036% | $4.2M | $9.5M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.820 | +0.251% | $317K | $497K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.825 | +0.269% | $6K | $175K | 10x | as long as short |
| SunX BMNR-USDT | 0.0000% | 8h | 27.783 | +0.119% | $1K | $892K | 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 | 27.740 | −0.036% | $6K | $40K | 20x | as long as short |
| Phemex BMNRUSDTlong | 0.0000% | 8h | 27.750 | long leg | $1.6M | $1.5M | 10x | |
| QFEX BMNR-USDshort | +0.0012% | 1h | 27.740 | −0.036% | $1.2M | $1.2M | 10x | |
| BloFin BMNR-USDT | +0.0025% | 8h | 27.780 | +0.108% | — | $61K | 20x | as long as short |
| Lighter BMNR | +0.0032% | 1h | 27.765 | +0.054% | $349K | $53K | 10x | as long as short |
| Vest BMNR-USD-PERP | +0.0046% | 1h | 27.750 | 0.000% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.743 | −0.025% | $924K | $1.5M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.780 | +0.108% | $36K | $15K | 5x | as long as short |
| KuCoin BMNRUSDTM | +0.0100% | 8h | 27.740 | −0.036% | $678K | $807K | 20x | as long as short |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.800 | +0.180% | $24K | $29K | 50x | as long as short |
HTX BMNR-USDT
BloFin BMNR-USDT
Lighter BMNR
Vest BMNR-USD-PERP
tradeXYZ xyz:BMNR
Ondo Perps BMNR-USD.P
KuCoin BMNRUSDTM
ApeX Omni BMNRUSDT