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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.001%
Price spread now: MEXC against Aster+0.040%7-day average +0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$180.177% of the position
Long on AsterShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 7 days+0.116%+$12 · spread now +0.040%, 7d avg +0.105%
Together, before fees+0.133%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.065% cheaper against Aster than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.105%). If the spread goes back, that is −$7 on $10k: about 10.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.017% in total) that is about 26 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BNBUSDT792.080.0044pay 0.0044% / 8h4h 29m$6.1M$18.7M200x
ShortMEXC BNB_USDT792.400.0066get 0.0066% / 8h4h 29m$80.4M$12.3M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Aster. 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
$4.56
Price spread: +0.040% → +0.105%
−$6.5
Slippage, 4 orders
−$5.71
Fee Aster: 4 bp × 2 orders
−$8
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$19.65
Costs to cover
0.177%
Break-even
37.1 days
Slippage from Aster: live order book, 4 min ago; MEXC: live order book, 4 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 Aster live order book, 4 min ago0.63 bp5.0 bp −$56.6 bp −$6620.6 bp −$2,056doesn't fit
Sell MEXC live order book, 4 min ago1.26 bp4.7 bp −$57.3 bp −$7317.5 bp −$1,74932.0 bp −$16.0K

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 −0.0186% / S +0.0351%1h791.40−0.085%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h791.84−0.030%$4K$4225xas long as short
StandX BNB-USD0.0000%1h791.66−0.053%$854K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h791.44−0.080%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.643%$19K$789K30xas long as short
Aster BNBUSDTlong+0.0044%8h792.08long leg$6.1M$18.7M200x
BingX BNB-USDC+0.0052%8h791.43−0.082%—$13.4M—as long as short
Phemex BNBUSDT+0.0059%8h792.21+0.016%$69.3M$49.9M50xas long as short
Coinbase International BNB-PERP-INTX+0.0064%1h789.45−0.332%$582K$1.9M50xas long as short
MEXC BNB_USDTshort+0.0066%8h792.40+0.040%$80.4M$12.3M200x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0067%8h792.01−0.009%$494.4M$788.6M75xas long as short
Lighter BNB+0.0096%1h791.76−0.041%$2.8M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.70−0.048%$266K$492K50xas long as short
Nado BNB-PERP+0.0100%1h791.40−0.086%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h792.25+0.021%$52.0M$17.6M10xas long as short
Pacifica BNB+0.0100%1h791.85−0.029%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h791.30−0.098%$139.2M$74.6M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h791.30−0.098%$53.6M$111.5M50xas long as short
Arcus BNB-USD+0.0100%1h791.80−0.035%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h791.40−0.086%$35.4M$56.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h791.31−0.097%$27.7M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h791.07−0.128%$76.5M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h792.28+0.025%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h791.31−0.097%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h791.99−0.011%$4.1M$73.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h790.95−0.143%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h791.40−0.086%$134K$950K10xas long as short
Derive BNB-PERP+0.0100%1h791.77−0.039%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h792.19+0.014%$13K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h791.80−0.035%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h791.51−0.072%$8.1M$9.4M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h792.24+0.020%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h791.14−0.118%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.70−0.048%$380K$110K10xas long as short
Phoenix BNB+0.0117%1h789.61−0.312%$170K$35K10xas long as short
dYdX BNB-USD+0.0137%1h791.86−0.028%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0145%8h792.31+0.028%$3.0M$28.5M10xas long as short
Kalshi KXBNBPERP+0.0180%8h792.20+0.015%$125K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0186%8h792.10+0.003%$18.2M$2.2M75xas long as short
01 Exchange BNBUSD+0.0232%1h792.080.000%$28K$4K10xas long as short
Bulk BNB-USD+0.0245%1h789.82−0.285%$640K$9K10xas long as short
Kraken Futures PF_BNBUSD+0.0263%1h791.55−0.067%$2.5M$1.2M50xas long as short
Reya BNBRUSDPERP+0.0326%1h791.20−0.111%$6K$3K40xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h792.10+0.003%$1.5M$143K25xas long as short
Hibachi BNB/USDT-P+0.0432%1h791.58−0.063%$68K$38K12xas long as short
RISEx BNB/USDC+0.0461%1h791.83−0.032%$1.1M$973K20xas long as short