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Funding arb · Price arb /

BNB

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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: edgeX against Arcus−0.159%54s7-day average −0.021% · 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—prices read too far apart to compare
costs, in and out, $10k−$320.322% of the position
Long on ArcusShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.065%−$6 on $10k
Price spread, last 4 days (all we have)−0.005%−$1 · spread now −0.159%, 7d avg −0.021%
Together, before fees−0.070%+ Points / potential airdropedgeX: Active · farm board−$7 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: edgeX is 0.138% cheaper against Arcus than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus BNB-USD804.300.0100pay 0.0013% / 1h34m 31s$52K$162K10x
ShortedgeX BNBUSDC803.020.0100get 0.0050% / 4h2h 34m$4.2M$76.8M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$0
Price spread: −0.159% → −0.021%
−$13.78
Slippage, 4 orders
−$18.73
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$46.01
Costs to cover
0.322%
Break-even
never at this rate
Slippage from Arcus: live order book, 53 min ago; edgeX: 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, 53 min ago5.59 bp8.8 bp −$926.5 bp −$265doesn't fitdoesn't fit
Sell edgeX live order book, 5 min ago2.49 bp7.0 bp −$77.0 bp −$7010.4 bp −$1,039doesn't fit

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 −0.0195% / S +0.0371%1h803.89−0.051%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.57+0.034%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.19−0.014%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h803.80−0.062%$111K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92−0.047%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.01−0.036%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.67−0.078%$2.5M$908K50xas long as short
Variational Omni BNB+0.0051%8h802.62−0.209%$4.0M$5.3M—as long as short
BingX BNB-USDT+0.0057%8h804.35+0.006%—$34.5M—as long as short
Bybit BNBUSDT+0.0077%8h803.60−0.087%$139.4M$82.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0087%8h804.71+0.051%$6.4M$18.8M200xas long as short
Coinbase International BNB-PERP-INTX+0.0088%1h803.99−0.039%$608K$877K50xas long as short
Lighter BNB+0.0096%1h804.23−0.008%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h804.14−0.020%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.47+0.021%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.90−0.050%$55.2M$115.5M50xas long as short
Arcus BNB-USDlong+0.0100%1h804.30long leg$52K$162K10x
Gate BNB_USDT+0.0100%8h804.15−0.019%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.92−0.047%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.88−0.052%$79.1M$24.5M75xas long as short
edgeX BNBUSDCshort+0.0100%4h803.02−0.159%$4.2M$76.8M30x
ApeX Omni BNBUSDT+0.0100%1h804.17−0.016%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.93−0.046%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.55−0.093%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.64−0.081%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.90−0.050%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h803.35−0.118%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h805.00+0.087%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h804.05−0.032%$1.9M$6.1M50xas long as short
MEXC BNB_USDT+0.0104%8h805.10+0.099%$84.4M$13.6M200xas long as short
Aevo BNB-PERP+0.0104%1h803.69−0.076%$386K$40K10xas long as short
Binance BNBUSDT+0.0105%8h804.72+0.052%$519.0M$803.0M75xas long as short
Phemex BNBUSDT+0.0124%8h804.15−0.019%$70.1M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.30−0.124%$173K$35K10xas long as short
SoDEX BNB-USD+0.0140%1h803.60−0.087%$395K$1.0M10xas long as short
Hyperliquid BNB+0.0152%1h804.67+0.046%$51.7M$21.3M10xas long as short
Bulk BNB-USD+0.0194%1h803.61−0.086%$649K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.00−0.037%$1.6M$165K25xas long as short
RISEx BNB/USDC+0.0209%1h804.54+0.030%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0225%8h804.34+0.005%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h803.30−0.124%$71K$48K12xas long as short
dYdX BNB-USD+0.0269%1h804.28−0.003%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0320%1h805.08+0.097%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.72−0.072%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.077%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0668%1h804.78+0.060%$3.0M$5.4M40xas long as short