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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.046%
Price spread now: Extended against Backpack−0.113%7-day average −0.176% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$170.171% of the position
Long on BackpackShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days−0.133%−$13 on $10k
Price spread, last 7 days+0.226%+$23 · spread now −0.113%, 7d avg −0.176%
Together, before fees+0.093%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.063% dearer against Backpack than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.176%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack BNB_USDC_PERP791.570.0100pay 0.0013% / 1h55m 04s$2.2M$6.1M40x
ShortExtended BNB-USD790.680.0104get 0.0013% / 1h55m 04s$1.8M$5.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Backpack. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: −0.113% → −0.176%
$6.32
Slippage, 4 orders
−$2.1
Fee Backpack: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$9.94
Costs to cover
0.171%
Break-even
89.8 days
Slippage from Backpack: live order book, 4 min ago; Extended: 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 Backpack live order book, 4 min ago0.06 bp5.1 bp −$57.9 bp −$79doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago0.06 bp4.1 bp −$45.6 bp −$56doesn't fitdoesn't fit

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 −0.0182% / S +0.0348%1h791.00−0.071%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h791.49−0.010%$4K$4225xas long as short
StandX BNB-USD0.0000%1h792.07+0.063%$856K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h791.13−0.055%$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.708%$19K$789K30xas long as short
Aster BNBUSDT+0.0047%8h791.65+0.010%$6.1M$18.7M200xas long as short
BingX BNB-USDC+0.0056%8h790.78−0.100%—$13.4M—as long as short
Phemex BNBUSDT+0.0061%8h791.53−0.005%$69.3M$49.9M50xas long as short
Coinbase International BNB-PERP-INTX+0.0064%1h790.64−0.117%$583K$1.9M50xas long as short
MEXC BNB_USDT+0.0069%8h792.10+0.067%$80.5M$12.1M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0070%8h791.75+0.023%$494.1M$790.1M75xas long as short
Lighter BNB+0.0096%1h791.18−0.050%$2.8M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.22−0.044%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h790.45−0.141%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h791.66+0.011%$51.9M$17.6M10xas long as short
Pacifica BNB+0.0100%1h791.13−0.056%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h790.89−0.086%$139.1M$75.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h791.00−0.072%$53.5M$111.7M50xas long as short
Arcus BNB-USD+0.0100%1h791.20−0.047%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h791.15−0.053%$35.5M$56.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h791.01−0.071%$27.7M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h790.75−0.104%$76.6M$30.3M75xas long as short
Backpack BNB_USDC_PERPlong+0.0100%1h791.57long leg$2.2M$6.1M40x
Variational Omni BNB+0.0100%8h790.82−0.095%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h790.34−0.155%$4.1M$74.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h790.18−0.176%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h790.84−0.092%$134K$950K10xas long as short
Derive BNB-PERP+0.0100%1h791.32−0.031%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h791.45−0.016%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h791.20−0.047%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h790.91−0.084%$8.1M$9.3M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h791.59+0.003%$77K$17K50xas long as short
Extended BNB-USDshort+0.0104%1h790.68−0.113%$1.8M$5.9M50x
Aevo BNB-PERP+0.0104%1h791.16−0.052%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h791.15−0.053%$170K$35K10xas long as short
dYdX BNB-USD+0.0122%1h791.17−0.051%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0136%8h790.47−0.139%$2.9M$28.0M10xas long as short
Kalshi KXBNBPERP+0.0182%8h791.60+0.004%$113K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0190%8h791.46−0.014%$18.2M$2.2M75xas long as short
01 Exchange BNBUSD+0.0232%1h791.59+0.003%$28K$4K10xas long as short
Kraken Futures PF_BNBUSD+0.0263%1h790.94−0.079%$2.5M$1.2M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h791.61+0.005%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0327%1h790.40−0.148%$6K$3K40xas long as short
Bulk BNB-USD+0.0338%1h790.78−0.100%$640K$9K10xas long as short
RISEx BNB/USDC+0.0461%1h791.36−0.027%$1.1M$978K20xas long as short
Hibachi BNB/USDT-P+0.0552%1h791.14−0.054%$68K$38K12xas long as short