BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0175%/8h= −19.1% APRnext payment −$1.75 per $10,000 · paid last 24h −0.011%

Price spread now: Bybit against Binance−0.135%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days+0.035%+$4 · spread now −0.135%, 7d avg −0.114%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.021% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.114%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	800.14	0.0090	pay 0.0090% / 8h	7h 43m	$497.0M	$811.9M	75x
Short	Bybit BNBUSDT	799.06	−0.0085	pay 0.0085% / 8h	7h 43m	$138.8M	$76.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$36.67
Price spread: −0.135% → −0.114%: −$2.08
Slippage, 4 orders: −$4.31
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$64.06
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 5 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, 15 min ago	0.06 bp	5.5 bp −$5	6.4 bp −$64	15.3 bp −$1,526	doesn't fit
Sell Bybit live order book, 5 min ago	0.63 bp	6.1 bp −$6	8.0 bp −$80	24.3 bp −$2,431	118.2 bp −$59.1K

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	798.60	−0.192%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.43	−0.214%	$2.5M	$982K	50x	as long as short
Bybit BNBUSDTshort	−0.0085%	8h	799.06	−0.135%	$138.8M	$76.7M	75x
Hotstuff BNB-PERP	−0.0080%	1h	799.61	−0.066%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0049%	8h	799.22	−0.115%	—	$13.3M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.28	−0.108%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.52	−0.077%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	799.13	−0.126%	$69.8M	$50.5M	50x	as long as short
Variational Omni BNB	+0.0006%	8h	797.73	−0.302%	$4.1M	$5.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.62	−0.190%	$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	+0.619%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	−0.267%	$601K	$981K	50x	as long as short
Aster BNBUSDT	+0.0069%	8h	799.79	−0.044%	$6.2M	$19.2M	200x	as long as short
Gate BNB_USDT	+0.0088%	8h	799.00	−0.142%	$35.8M	$56.0M	75x	as long as short
MEXC BNB_USDT	+0.0089%	8h	800.10	−0.005%	$83.2M	$13.5M	200x	as long as short
Binance BNBUSDTlong	+0.0090%	8h	800.14	long leg	$497.0M	$811.9M	75x
Lighter BNB	+0.0096%	1h	799.46	−0.084%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.69	−0.181%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.01	−0.141%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.39	−0.093%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.30	−0.105%	$54.1M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.80	−0.042%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.12	−0.127%	$28.0M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.99	−0.144%	$78.8M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.08	−0.133%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.20	−0.117%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.68	−0.182%	$118K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.60	−0.192%	$386K	$471K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.68	−0.182%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.08	−0.132%	$12K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.70	−0.180%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.90	−0.155%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.20	+0.008%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.86	−0.159%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.71	−0.179%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0118%	1h	798.39	−0.218%	$648K	$11K	10x	as long as short
Hibachi BNB/USDT-P	+0.0136%	1h	798.91	−0.154%	$70K	$34K	12x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.60	−0.067%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	799.30	−0.105%	$90K	$2.8M	4.8x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.97	−0.146%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0210%	8h	799.34	−0.100%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	800.16	+0.002%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0307%	1h	798.68	−0.182%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.16	−0.248%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0334%	1h	799.98	−0.020%	$53.1M	$20.9M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0398%	1h	799.30	−0.105%	$2.7M	$5.7M	40x	as long as short