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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0007%/8h= −0.7% APRpaid last 24h +0.077%
Price spread now: dYdX against Binance0.000%49s7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3as 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−$500.503% of the position
Long on BinanceShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.478%+$48 on $10k
Price spread, last 4 days (all we have)−0.097%−$10 · spread now 0.000%, 7d avg −0.081%
Together, before fees+0.381%+$38 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: dYdX is 0.081% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.081%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BNBUSDT786.550.0055pay 0.0055% / 8h42m 48s$488.7M$821.3M75x
ShortdYdX BNB-USD786.540.0049get 0.0006% / 1h42m 48s$159K$62K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
−$1.38
Price spread: 0.000% → −0.081%
$8.09
Slippage, 4 orders
−$30.3
Fee Binance: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$43.59
Costs to cover
0.503%
Break-even
never at this rate
Slippage from Binance: live order book, 16 min ago; dYdX: live order book, 61 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 Binance live order book, 16 min ago0.06 bp5.1 bp −$56.2 bp −$6214.7 bp −$1,46640.5 bp −$20.2K
Sell dYdX live order book, 61 min ago11.56 bp18.7 bp −$1955.1 bp −$55188.3 bp −$8,826265.8 bp −$132.9K

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 −0.0168% / S +0.0337%1h786.45−0.013%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h787.19+0.082%$4K$4225xas long as short
Kraken Futures PF_BNBUSD−0.0050%1h786.43−0.015%$2.5M$1.2M50xas long as short
StandX BNB-USD0.0000%1h787.64+0.139%$849K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.51−0.005%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.358%$19K$789K30xas long as short
BingX BNB-USDC+0.0045%8h786.52−0.003%—$13.4M—as long as short
Aster BNBUSDT+0.0046%8h786.69+0.018%$6.0M$18.9M200xas long as short
dYdX BNB-USDshort+0.0049%1h786.540.000%$159K$62K10x
MEXC BNB_USDT+0.0055%8h787.40+0.109%$81.1M$11.9M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDTlong+0.0055%8h786.55long leg$488.7M$821.3M75x
Phemex BNBUSDT+0.0077%8h787.01+0.059%$68.8M$51.3M50xas long as short
Lighter BNB+0.0096%1h786.59+0.006%$2.7M$3.8M20xas long as short
Phoenix BNB+0.0100%1h787.73+0.151%$169K$35K10xas long as short
Nado BNB-PERP+0.0100%1h786.45−0.012%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h787.04+0.063%$51.5M$17.7M10xas long as short
Pacifica BNB+0.0100%1h786.88+0.043%$1.2M$934K20xas long as short
Bybit BNBUSDT+0.0100%8h785.90−0.082%$138.2M$74.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h785.80−0.095%$53.5M$113.0M50xas long as short
Arcus BNB-USD+0.0100%1h786.90+0.045%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h786.05−0.063%$38.2M$57.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.03−0.066%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h785.72−0.105%$76.3M$31.8M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.80+0.032%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.00+0.057%$4.0M$4.7M—as long as short
edgeX BNBUSDC+0.0100%4h787.76+0.154%$4.1M$76.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.25+0.090%$158K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.43−0.015%$131K$953K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.48−0.008%$265K$430K50xas long as short
Derive BNB-PERP+0.0100%1h786.62+0.009%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.11+0.071%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.60+0.007%$387K$974K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h786.84+0.037%$1.5M$145K25xas long as short
HTX BNB-USDT+0.0100%8h786.86+0.041%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.19+0.082%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h785.89−0.084%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h786.45−0.012%$378K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0104%1h787.21+0.084%$557K$1.9M50xas long as short
Kalshi KXBNBPERP+0.0114%8h787.10+0.071%$171K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0175%8h787.18+0.081%$17.7M$2.2M75xas long as short
Bulk BNB-USD+0.0210%1h786.98+0.055%$638K$83110xas long as short
GRVT BNB_USDT_Perp+0.0225%8h787.62+0.137%$2.9M$28.7M10xas long as short
01 Exchange BNBUSD+0.0264%1h787.10+0.071%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0321%1h786.35−0.025%$6K$3K40xas long as short
RISEx BNB/USDC+0.0350%1h786.90+0.046%$1.1M$907K20xas long as short
Hibachi BNB/USDT-P+0.0456%1h787.14+0.076%$67K$39K12xas long as short