BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0121%/8h= +13.2% APRnext payment +$1.21 per $10,000 · paid last 24h +0.036%

Price spread now: BloFin against Binance+0.151%81s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as 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−$220.225% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 4 days (all we have)−0.389%−$39 · spread now +0.151%, 7d avg +0.005%

Together, before fees−0.163%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.146% dearer against Binance than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 81 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	Binance BNBUSDT	790.00	0.0069	pay 0.0069% / 8h	4h 51m	$493.0M	$789.6M	75x
Short	BloFin BNB-USDT	791.19	0.0190	get 0.0190% / 8h	4h 51m	$18.2M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.151%Rate

Funding earned: $25.37
Price spread: +0.151% → +0.005%: $14.58
Slippage, 4 orders: −$0.46
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $17.5
Costs to cover: 0.225%
Break-even: 2.2 days

Slippage from Binance: live order book, 7 min ago; BloFin: live order book, 7 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 Binance live order book, 7 min ago	0.06 bp	5.2 bp −$5	7.0 bp −$70	18.4 bp −$1,837	doesn't fit
Sell BloFin live order book, 7 min ago	0.06 bp	6.1 bp −$6	6.1 bp −$61	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 −0.0183% / S +0.0348%	1h	789.59	−0.052%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.04	+0.005%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.25	+0.158%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.65	−0.044%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.910%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0046%	8h	790.09	+0.011%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0056%	8h	789.55	−0.057%	—	$34.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.081%	$583K	$1.9M	50x	as long as short
Phemex BNBUSDT	+0.0068%	8h	790.26	+0.033%	$69.2M	$49.9M	50x	as long as short
Binance BNBUSDTlong	+0.0069%	8h	790.00	long leg	$493.0M	$789.6M	75x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0070%	8h	790.50	+0.063%	$80.2M	$12.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	789.84	−0.020%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.65	−0.044%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.05	+0.006%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.07	+0.009%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.16	+0.020%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.20	−0.101%	$138.8M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.101%	$53.4M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.80	−0.025%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.40	−0.076%	$35.4M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.56	−0.056%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.30	−0.089%	$76.4M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.37	+0.047%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	790.82	+0.104%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.43	+0.180%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.18	+0.023%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.60	−0.051%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.75	−0.031%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.13	+0.017%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.90	−0.013%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.76	+0.096%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.37	+0.047%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.24	−0.097%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.65	−0.044%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0114%	1h	789.76	−0.031%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	791.15	+0.146%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	790.47	+0.059%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0184%	8h	790.70	+0.089%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDTshort	+0.0190%	8h	791.19	+0.151%	$18.2M	$2.2M	75x
01 Exchange BNBUSD	+0.0232%	1h	790.12	+0.015%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.44	−0.070%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.208%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.06	+0.007%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.35	−0.082%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.89	−0.013%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	790.81	+0.103%	$68K	$38K	12x	as long as short