Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.009%
Price spread now: Phoenix against Aster+0.035%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.345% of the position
Funding, last 7 days+0.260%+$26 on $10k
+Price spread, last 3 days (all we have)+0.012%+$1 · spread now +0.035%, 7d avg +0.003%
=Together, before fees+0.272%+ Points / potential airdropAster: Stage 5 · farm board+$27 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 0.032% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster BNBUSDT | 798.85 | 0.0055 | pay 0.0055% / 8h | 7h 21m | $6.2M | $19.4M | 200x |
| Short | Phoenix BNB | 799.13 | 0.0099 | get 0.0012% / 1h | 21m 14s | $172K | $36K | 10x |
Aster BNBUSDT
Phoenix BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.16
- Price spread: +0.035% → +0.003%
- $3.17
- Slippage, 4 orders
- −$19.46
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$22.14
- Costs to cover
- 0.345%
- Break-even
- 23.9 days
Slippage from Aster: live order book, 3 min ago; Phoenix: live order book, 45 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 | 0.69 bp | 4.7 bp −$5 | 5.4 bp −$54 | 16.8 bp −$1,683 | doesn't fit |
| Sell Phoenix live order book, 45 min ago | 1.00 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 −0.0159% / S +0.0335% | 1h | 798.30 | −0.070% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 798.41 | −0.056% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.95 | +0.012% | $4K | $239 | 25x | as long as short |
| BingX BNB-USDC | −0.0024% | 8h | 798.59 | −0.033% | — | $13.4M | — | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.63 | +0.223% | $3.0M | $27.7M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.35 | +0.062% | $864K | $2.9M | 30x | as long as short |
| Variational Omni BNB | +0.0004% | 8h | 797.72 | −0.142% | $4.1M | $5.0M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.24 | −0.077% | $9.7M | — | 150x | as long as short |
| Phemex BNBUSDT | +0.0009% | 8h | 798.92 | +0.008% | $69.8M | $50.0M | 50x | as long as short |
| Gate BNB_USDT | +0.0010% | 8h | 798.00 | −0.107% | $35.7M | $56.7M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
BingX BNB-USDC
GRVT BNB_USDT_Perp
StandX BNB-USD
Variational Omni BNB
gTrade (Gains Network) BNB/USD
Phemex BNBUSDT
Gate BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BNBUSDT | +0.0014% | 8h | 798.05 | −0.101% | $138.6M | $76.3M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.781% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 799.07 | +0.027% | $615K | $1.1M | 50x | as long as short |
| Aster BNBUSDTlong | +0.0055% | 8h | 798.85 | long leg | $6.2M | $19.4M | 200x | |
| Binance BNBUSDT | +0.0077% | 8h | 798.84 | −0.002% | $495.9M | $811.4M | 75x | as long as short |
| MEXC BNB_USDT | +0.0078% | 8h | 799.20 | +0.043% | $83.1M | $13.7M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.55 | −0.039% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNBshort | +0.0099% | 1h | 799.13 | +0.035% | $172K | $36K | 10x | |
| Nado BNB-PERP | +0.0100% | 1h | 798.25 | −0.076% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.83 | −0.004% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.20 | −0.082% | $54.1M | $111.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.90 | +0.006% | $53K | $133K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.23 | −0.078% | $27.9M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 797.77 | −0.136% | $78.1M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 800.04 | +0.149% | $4.2M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.98 | +0.141% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.35 | −0.063% | $113K | $884K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.26 | −0.074% | $386K | $459K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 798.39 | −0.058% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 798.94 | +0.011% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.50 | −0.044% | $393K | $998K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.09 | −0.095% | $8.2M | $8.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.17 | +0.040% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 797.87 | −0.124% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.42 | −0.054% | $384K | $110K | 10x | as long as short |
| Bulk BNB-USD | +0.0127% | 1h | 799.28 | +0.053% | $649K | $10K | 10x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 798.55 | −0.037% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0156% | 8h | 799.20 | +0.043% | $90K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0197% | 8h | 798.81 | −0.006% | $18.0M | $2.6M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 798.75 | −0.013% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 798.74 | −0.014% | $1.6M | $161K | 25x | as long as short |
| dYdX BNB-USD | +0.0202% | 1h | 799.08 | +0.029% | $161K | $63K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0256% | 1h | 799.00 | +0.018% | $68K | $38K | 12x | as long as short |
| Hyperliquid BNB | +0.0300% | 1h | 799.06 | +0.026% | $53.1M | $20.3M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 797.81 | −0.131% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0400% | 1h | 799.37 | +0.065% | $2.7M | $5.7M | 40x | as long as short |
Bybit BNBUSDT
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Binance BNBUSDT
MEXC BNB_USDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Bulk BNB-USD
RISEx BNB/USDC
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
dYdX BNB-USD
Hibachi BNB/USDT-P
Hyperliquid BNB
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP