BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.013%

Price spread now: Deribit against Arcus+0.066%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.047%−$5 on $10k

Price spread, last 3 days (all we have)−0.189%−$19 · spread now +0.066%, 7d avg −0.055%

Together, before fees−0.236%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.121% dearer against Arcus than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	799.50	0.0100	pay 0.0013% / 1h	28m 36s	$53K	$133K	10x
Short	Deribit BNB_USDC-PERPETUAL	800.03	0.0200	get 0.0025% / 1h	28m 36s	$1.6M	$165K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee ArcusbpFee DeribitbpOrdersPrice spread, now +0.066%Rate

Funding earned: $21
Price spread: +0.066% → −0.055%: $12.1
Slippage, 4 orders: −$32.41
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$10.81
Costs to cover: 0.439%
Break-even: 10.6 days

Slippage from Arcus: live order book, 49 min ago; Deribit: live order book, just now.

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 Arcus live order book, 49 min ago	5.61 bp	13.4 bp −$13	27.6 bp −$276	doesn't fit	doesn't fit
Sell Deribit live order book, just now	2.75 bp	10.8 bp −$11	15.6 bp −$156	doesn't fit	doesn't fit

BNB on 46 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
GMX BNB/USD [WBTC.b-USDC]	L −0.0201% / S +0.0372%	1h	799.44	−0.007%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.68	+0.023%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.29	−0.026%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.28	+0.098%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.20	+0.088%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.50	+0.001%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0017%	8h	799.36	−0.018%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0041%	8h	799.23	−0.034%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0046%	8h	798.70	−0.100%	$138.6M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.049%	$606K	$992K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0092%	8h	799.84	+0.042%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.43	−0.008%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.07	−0.054%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.33	−0.021%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.90	−0.075%	$54.4M	$112.8M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	799.50	long leg	$53K	$133K	10x
Gate BNB_USDT	+0.0100%	8h	798.90	−0.075%	$35.8M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.09	−0.051%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.75	−0.094%	$79.2M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.41	+0.114%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.53	+0.129%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.25	−0.031%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.59	+0.011%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.80	+0.037%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.16	+0.082%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	+0.025%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.39	−0.014%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.67	+0.021%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.63	−0.109%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.84	+0.042%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	799.79	+0.036%	$69.9M	$50.6M	50x	as long as short
Binance BNBUSDT	+0.0113%	8h	799.66	+0.020%	$499.3M	$815.9M	75x	as long as short
MEXC BNB_USDT	+0.0114%	8h	800.20	+0.088%	$83.1M	$13.5M	200x	as long as short
Kalshi KXBNBPERP	+0.0120%	8h	800.00	+0.063%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.12	+0.078%	$172K	$36K	10x	as long as short
Hyperliquid BNB	+0.0181%	1h	799.86	+0.045%	$51.8M	$21.1M	10x	as long as short
Hibachi BNB/USDT-P	+0.0184%	1h	799.67	+0.021%	$70K	$44K	12x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0200%	1h	800.03	+0.066%	$1.6M	$165K	25x
BloFin BNB-USDT	+0.0234%	8h	799.80	+0.038%	$18.2M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.067%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.40	−0.012%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	799.74	+0.030%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.699%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.95	−0.068%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0387%	1h	799.32	−0.023%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0406%	1h	800.05	+0.069%	$2.7M	$5.7M	40x	as long as short