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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.019%
Price spread now: BingX against Arcus−0.041%7-day average −0.090% · 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−$29as in the Price arb table
costs, in and out, $10k−$330.335% of the position
Long on ArcusShort on BingX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.084%−$8 on $10k
Price spread, last 4 days (all we have)−0.075%−$7 · spread now −0.041%, 7d avg −0.090%
Together, before fees−0.159%−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.049% dearer against Arcus than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.090%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus BNB-USD797.400.0100pay 0.0013% / 1h18m 43s$52K$133K10x
ShortBingX BNB-USDC797.07−0.0007pay 0.0007% / 8h7h 18m—$13.3M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Arcus. 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
−$22.47
Price spread: −0.041% → −0.090%
$4.86
Slippage, 4 orders
−$18.97
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$51.08
Costs to cover
0.335%
Break-even
never at this rate
Slippage from Arcus: live order book, 54 min ago; BingX: live order book, 5 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 Arcus live order book, 54 min ago6.26 bp9.7 bp −$1025.6 bp −$256doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago0.31 bp6.8 bp −$79.3 bp −$9317.9 bp −$1,79164.7 bp −$32.4K

BNB on 46 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
GMX BNB/USD [WBTC.b-USDC]L −0.0159% / S +0.0335%1h798.43+0.129%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h797.53+0.016%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.74+0.168%$4K$23925xas long as short
Gate BNB_USDT−0.0010%8h796.85−0.069%$35.8M$56.8M75xas long as short
BingX BNB-USDCshort−0.0007%8h797.07−0.041%—$13.3M—
GRVT BNB_USDT_Perp0.0000%8h798.85+0.182%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.95+0.194%$863K$2.9M30xas long as short
Variational Omni BNB+0.0004%8h797.72+0.040%$4.1M$5.0M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.37+0.122%$9.7M—150xas long as short
Bybit BNBUSDT+0.0013%8h796.90−0.063%$138.4M$76.3M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0016%8h798.03+0.079%$69.7M$50.2M50xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.964%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07+0.209%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0053%8h797.41+0.001%$6.1M$19.4M200xas long as short
Binance BNBUSDT+0.0075%8h797.41+0.001%$495.1M$811.4M75xas long as short
MEXC BNB_USDT+0.0076%8h798.00+0.075%$83.0M$13.7M200xas long as short
Lighter BNB+0.0096%1h797.32−0.011%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.13+0.217%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.10+0.088%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h797.18−0.028%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.10−0.038%$54.1M$110.8M50xas long as short
Arcus BNB-USDlong+0.0100%1h797.40long leg$52K$133K10x
KuCoin BNBUSDTM+0.0100%8h797.07−0.041%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h796.77−0.079%$78.0M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h798.91+0.189%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.95+0.194%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.38+0.123%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.08+0.085%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.19+0.099%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.83+0.179%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h797.70+0.038%$392K$997K10xas long as short
HTX BNB-USDT+0.0100%8h797.02−0.048%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h797.64+0.031%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h796.83−0.072%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.12+0.091%$383K$110K10xas long as short
Bulk BNB-USD+0.0127%1h799.28+0.235%$649K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.40+0.126%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0156%8h798.70+0.163%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0196%8h798.72+0.166%$18.1M$2.6M75xas long as short
01 Exchange BNBUSD+0.0200%1h798.86+0.183%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h798.23+0.105%$1.6M$161K25xas long as short
dYdX BNB-USD+0.0201%1h796.94−0.058%$161K$63K10xas long as short
Hibachi BNB/USDT-P+0.0272%1h798.92+0.190%$68K$38K12xas long as short
Hyperliquid BNB+0.0295%1h797.79+0.050%$53.0M$20.3M10xas long as short
Reya BNBRUSDPERP+0.0330%1h798.16+0.095%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0420%1h798.50+0.138%$2.7M$5.7M40xas long as short