BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.002%

Price spread now: SoDEX against Arcus−0.025%7-day average −0.081% · 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−$23as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Arcus Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.040%−$4 on $10k

Price spread, last 3 days (all we have)−0.223%−$22 · spread now −0.025%, 7d avg −0.081%

Together, before fees−0.263%−$26 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 SoDEX is 0.056% dearer against Arcus than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	806.00	0.0100	pay 0.0013% / 1h	25m 23s	$53K	$168K	10x
Short	SoDEX BNB-USD	805.80	0.0196	get 0.0025% / 1h	25m 23s	$396K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $20.18
Price spread: −0.025% → −0.081%: $5.6
Slippage, 4 orders: −$15.75
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$2.48
Costs to cover: 0.283%
Break-even: 7.9 days

Slippage from Arcus: live order book, 62 min ago; SoDEX: live order book, 3 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, 62 min ago	5.59 bp	8.8 bp −$9	26.5 bp −$265	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.62 bp	4.9 bp −$5	8.8 bp −$88	81.8 bp −$8,182	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 −0.0195% / S +0.0371%	1h	805.34	−0.082%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.10	−0.112%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.40	−0.074%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.10	+0.012%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	805.57	−0.053%	$871K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.37	−0.078%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	805.82	−0.023%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	803.71	−0.284%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	805.44	−0.069%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0075%	8h	805.10	−0.112%	$139.6M	$82.5M	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	+0.0088%	1h	804.80	−0.149%	$609K	$879K	50x	as long as short
Aster BNBUSDT	+0.0094%	8h	806.20	+0.025%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	805.72	−0.035%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.25	−0.093%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.78	−0.027%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.30	−0.087%	$55.2M	$115.8M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	806.00	long leg	$53K	$168K	10x
Gate BNB_USDT	+0.0100%	8h	805.20	−0.099%	$36.0M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.19	−0.100%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.10	−0.112%	$79.2M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.49	−0.064%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.60	−0.050%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.27	−0.091%	$119K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.44	−0.069%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.94	−0.007%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.19	+0.024%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.12	−0.109%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.26	+0.032%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.17	−0.103%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.91	−0.011%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0108%	8h	806.30	+0.037%	$84.6M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0110%	8h	806.03	+0.003%	$520.5M	$803.8M	75x	as long as short
Phemex BNBUSDT	+0.0124%	8h	806.38	+0.047%	$70.4M	$51.8M	50x	as long as short
Phoenix BNB	+0.0125%	1h	805.78	−0.027%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0171%	1h	806.08	+0.010%	$51.8M	$21.3M	10x	as long as short
SoDEX BNB-USDshort	+0.0196%	1h	805.80	−0.025%	$396K	$1.0M	10x
Bulk BNB-USD	+0.0197%	1h	804.34	−0.206%	$650K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	806.36	+0.045%	$1.6M	$165K	25x	as long as short
RISEx BNB/USDC	+0.0209%	1h	805.78	−0.027%	$1.1M	$1.5M	20x	as long as short
BloFin BNB-USDT	+0.0229%	8h	805.82	−0.022%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	805.69	−0.039%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0264%	1h	805.64	−0.045%	$170K	$55K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	805.11	−0.110%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	806.38	+0.047%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.138%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0652%	1h	806.84	+0.104%	$3.0M	$5.5M	40x	as long as short