BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0069%/8h= −7.5% APRnext payment −$0.69 per $10,000 · paid last 24h −0.005%

Price spread now: Phemex against Aster+0.076%52s7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.275% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)−0.125%−$12 · spread now +0.076%, 7d avg −0.013%

Together, before fees−0.149%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.090% dearer against Aster than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of −0.013%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 7 days (−0.024% in total) that is about 26 days. The two prices were read 52 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	Aster BNBUSDT	799.57	0.0069	pay 0.0069% / 8h	7h 41m	$6.2M	$19.2M	200x
Short	Phemex BNBUSDT	800.18	0	get 0.0000% / 8h	7h 41m	$69.9M	$50.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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

Position, each leg$Hold fordaysFee AsterbpFee PhemexbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$14.4
Price spread: +0.076% → −0.013%: $8.97
Slippage, 4 orders: −$7.51
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$32.95
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from Aster: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 3 min ago	0.06 bp	5.7 bp −$6	6.6 bp −$66	19.7 bp −$1,972	doesn't fit
Sell Phemex live order book, 3 min ago	1.63 bp	9.2 bp −$9	10.1 bp −$101	15.5 bp −$1,550	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 −0.0201% / S +0.0372%	1h	799.14	−0.054%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0120%	1h	799.70	+0.017%	$2.5M	$978K	50x	as long as short
BingX BNB-USDT	−0.0094%	8h	799.15	−0.053%	—	$35.2M	—	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.40	−0.021%	$4K	$239	25x	as long as short
Bybit BNBUSDT	−0.0065%	8h	798.90	−0.084%	$138.7M	$76.4M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.99	+0.052%	$3.0M	$27.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.60	+0.129%	$865K	$2.9M	30x	as long as short
Phemex BNBUSDTshort	0.0000%	8h	800.18	+0.076%	$69.9M	$50.5M	50x
Variational Omni BNB	+0.0006%	8h	797.73	−0.231%	$4.1M	$5.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.11	−0.058%	$9.7M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.690%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	−0.196%	$601K	$979K	50x	as long as short
Aster BNBUSDTlong	+0.0069%	8h	799.57	long leg	$6.2M	$19.2M	200x
Gate BNB_USDT	+0.0069%	8h	798.90	−0.084%	$35.7M	$56.0M	75x	as long as short
Binance BNBUSDT	+0.0089%	8h	799.63	+0.008%	$496.4M	$811.4M	75x	as long as short
MEXC BNB_USDT	+0.0089%	8h	800.00	+0.054%	$83.1M	$13.5M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.13	−0.055%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.69	−0.110%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.95	−0.078%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.23	−0.043%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.80	−0.096%	$54.1M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.40	−0.021%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.94	−0.079%	$28.0M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.79	−0.098%	$78.8M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.75	+0.023%	$4.2M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.20	−0.046%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.06	−0.064%	$118K	$871K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.18	−0.049%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.92	+0.044%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.34	+0.096%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.90	+0.041%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.88	+0.039%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.77	+0.025%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.48	−0.136%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.80	+0.029%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0118%	1h	798.39	−0.147%	$648K	$11K	10x	as long as short
Hibachi BNB/USDT-P	+0.0136%	1h	799.97	+0.050%	$70K	$36K	12x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.07	−0.063%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	799.90	+0.041%	$90K	$2.8M	4.8x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.25	+0.085%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0210%	8h	800.10	+0.066%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	799.63	+0.008%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0291%	1h	799.47	−0.012%	$161K	$63K	10x	as long as short
Hyperliquid BNB	+0.0321%	1h	799.87	+0.038%	$53.1M	$20.9M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.70	−0.109%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0406%	1h	800.44	+0.109%	$2.7M	$5.7M	40x	as long as short