Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h −0.010%
Price spread now: Phemex against Arcus+0.018%7-day average −0.027% · 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−$28as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Long on ArcusShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.111%−$11 on $10k
Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.018%, 7d avg −0.027%
Together, before fees−0.280%−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.044% dearer against Arcus than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.027%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus BNB-USD787.600.0100pay 0.0013% / 1h11m 05s$52K$133K10x
ShortPhemex BNBUSDT787.740.0038get 0.0038% / 8h3h 11m$68.9M$50.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
−$13
Price spread: +0.018% → −0.027%
$4.43
Slippage, 4 orders
−$15.57
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$40.64
Costs to cover
0.321%
Break-even
never at this rate
Slippage from Arcus: live order book, 42 min ago; Phemex: live order book, 3 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, 42 min ago3.16 bp8.6 bp −$928.5 bp −$285doesn't fitdoesn't fit
Sell Phemex live order book, 3 min ago0.82 bp8.2 bp −$88.9 bp −$8912.4 bp −$1,239doesn'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 −0.0192% / S +0.0356%1h787.22−0.048%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h787.21−0.050%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h787.79+0.024%$4K$4225xas long as short
Kalshi KXBNBPERP0.0000%8h788.20+0.076%$124K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h788.16+0.071%$850K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.19−0.052%$9.5M—150xas long as short
Aster BNBUSDT+0.0022%8h787.66+0.008%$6.1M$18.8M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.221%$19K$789K30xas long as short
BingX BNB-USDC+0.0034%8h787.49−0.014%—$13.4M—as long as short
Phemex BNBUSDTshort+0.0038%8h787.74+0.018%$68.9M$50.8M50x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0041%8h787.90+0.038%$79.9M$12.0M200xas long as short
Binance BNBUSDT+0.0041%8h787.67+0.009%$490.9M$802.7M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h788.00+0.051%$579K$1.9M50xas long as short
dYdX BNB-USD+0.0079%1h787.24−0.045%$159K$63K10xas long as short
Phoenix BNB+0.0092%1h787.74+0.018%$169K$35K10xas long as short
Lighter BNB+0.0096%1h787.37−0.029%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.32−0.036%$265K$492K50xas long as short
Nado BNB-PERP+0.0100%1h787.35−0.032%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h787.68+0.010%$51.7M$17.5M10xas long as short
Pacifica BNB+0.0100%1h787.79+0.024%$1.2M$934K20xas long as short
Bybit BNBUSDT+0.0100%8h786.83−0.098%$138.4M$74.0M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.80−0.102%$53.4M$111.6M50xas long as short
Arcus BNB-USDlong+0.0100%1h787.60long leg$52K$133K10x
Gate BNB_USDT+0.0100%8h787.05−0.070%$36.1M$58.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.93−0.085%$27.5M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h786.75−0.108%$76.1M$30.6M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.49−0.014%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.00−0.076%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h787.75+0.019%$4.1M$74.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.52−0.010%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.14−0.058%$132K$955K10xas long as short
Derive BNB-PERP+0.0100%1h787.37−0.029%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.92+0.041%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.40−0.025%$387K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h787.36−0.030%$8.1M$9.7M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.79+0.024%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h786.58−0.130%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h787.33−0.035%$378K$110K10xas long as short
BloFin BNB-USDT+0.0161%8h787.93+0.042%$17.8M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0178%8h787.99+0.050%$2.9M$28.7M10xas long as short
Bulk BNB-USD+0.0201%1h787.88+0.036%$639K$10K10xas long as short
01 Exchange BNBUSD+0.0240%1h787.93+0.042%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h787.70+0.013%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0324%1h787.00−0.076%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0424%1h787.38−0.029%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h787.77+0.022%$1.1M$894K20xas long as short