BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.002%

Price spread now: Phoenix against Arcus+0.023%49s7-day average −0.012% · 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—prices read too far apart to compare

costs, in and out, $10k−$420.424% of the position

Long on Arcus Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.023%, 7d avg −0.012%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.035% dearer against Arcus than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.012%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	788.30	0.0100	pay 0.0013% / 1h	3m 50s	$52K	$130K	10x
Short	Phoenix BNB	788.48	0.0117	get 0.0015% / 1h	3m 50s	$169K	$35K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.023%Rate

Funding earned: $3.63
Price spread: +0.023% → −0.012%: $3.46
Slippage, 4 orders: −$30.88
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$35.28
Costs to cover: 0.424%
Break-even: 75.0 days

Slippage from Arcus: live order book, 54 min ago; Phoenix: live order book, 48 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 Arcus live order book, 54 min ago	3.16 bp	9.0 bp −$9	29.7 bp −$297	doesn't fit	doesn't fit
Sell Phoenix live order book, 48 min ago	1.01 bp	12.4 bp −$12	43.2 bp −$432	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 −0.0189% / S +0.0354%	1h	788.31	+0.001%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.30	0.000%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.68	+0.048%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.39	+0.011%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.130%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	789.16	+0.109%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0047%	8h	788.57	+0.034%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0057%	8h	789.40	+0.140%	$80.1M	$12.4M	200x	as long as short
Phemex BNBUSDT	+0.0058%	8h	789.19	+0.113%	$69.0M	$50.3M	50x	as long as short
Binance BNBUSDT	+0.0058%	8h	789.27	+0.123%	$492.6M	$791.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	788.26	−0.005%	$579K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.83	+0.067%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.45	+0.019%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.75	−0.070%	$1.5M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.15	+0.108%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.24	−0.008%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.40	+0.013%	$138.7M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.60	+0.038%	$53.4M	$111.2M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	788.30	long leg	$52K	$130K	10x
Gate BNB_USDT	+0.0100%	8h	788.45	+0.019%	$35.5M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.41	+0.014%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.27	−0.004%	$76.3M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.95	+0.082%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.075%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.58	+0.036%	$4.1M	$73.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.72	+0.053%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.16	−0.018%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.48	+0.023%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.71	+0.053%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.60	+0.038%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.52	+0.028%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.36	+0.008%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.18	−0.016%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.50	+0.026%	$379K	$110K	10x	as long as short
Phoenix BNBshort	+0.0117%	1h	788.48	+0.023%	$169K	$35K	10x
dYdX BNB-USD	+0.0121%	1h	788.57	+0.034%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0154%	8h	788.72	+0.053%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0176%	8h	788.80	+0.063%	$132K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0177%	8h	788.55	+0.032%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	788.57	+0.034%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	788.67	+0.047%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0264%	1h	788.45	+0.019%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.88	+0.073%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	788.05	−0.031%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0360%	1h	788.19	−0.014%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	788.44	+0.018%	$1.1M	$967K	20x	as long as short