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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 22:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.010%
Price spread now: Extended against Binance−0.104%7-day average −0.137% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$180.183% of the position
Long on BinanceShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 7 days+0.017%+$2 · spread now −0.104%, 7d avg −0.137%
Together, before fees+0.066%+ Points / potential airdropExtended: Active · farm board+$7 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 0.033% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.137%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BNBUSDT803.160.0102pay 0.0102% / 8h2h 52m$518.1M$807.5M75x
ShortExtended BNB-USD802.320.0104get 0.0013% / 1h52m 15s$1.9M$6.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.32
Price spread: −0.104% → −0.137%
$3.28
Slippage, 4 orders
−$3.31
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$14.7
Costs to cover
0.183%
Break-even
329.4 days
Slippage from Binance: live order book, 7 min ago; Extended: live order book, 2 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, 7 min ago0.06 bp5.1 bp −$55.4 bp −$5414.6 bp −$1,46042.2 bp −$21.1K
Sell Extended live order book, 2 min ago0.69 bp4.1 bp −$45.5 bp −$5523.6 bp −$2,365doesn'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 −0.0195% / S +0.0371%1h802.89−0.034%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h803.42+0.032%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.43+0.158%$3.0M$30.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h803.40+0.030%$110K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92+0.095%$869K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h802.84−0.039%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h802.81−0.043%$2.5M$919K50xas long as short
Variational Omni BNB+0.0068%8h803.35+0.023%$4.1M$5.3M—as long as short
Aster BNBUSDT+0.0087%8h803.33+0.021%$6.3M$18.9M200xas long as short
Coinbase International BNB-PERP-INTX+0.0088%1h803.99+0.103%$608K$899K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h802.79−0.046%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h802.35−0.101%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h802.99−0.021%$1.2M$923K20xas long as short
Bybit BNBUSDT+0.0100%8h802.20−0.120%$138.9M$83.5M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h802.40−0.095%$54.9M$115.4M50xas long as short
Arcus BNB-USD+0.0100%1h802.90−0.032%$52K$191K10xas long as short
Gate BNB_USDT+0.0100%8h802.35−0.101%$35.9M$58.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.61−0.068%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h802.31−0.106%$78.9M$24.6M75xas long as short
edgeX BNBUSDC+0.0100%4h804.47+0.163%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.95+0.098%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.66−0.062%$118K$869K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h802.74−0.052%$388K$595K50xas long as short
Derive BNB-PERP+0.0100%1h802.95−0.026%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.38+0.027%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h803.30+0.017%$1.6M$162K25xas long as short
HTX BNB-USDT+0.0100%8h802.92−0.030%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h803.36+0.025%$78K$19K50xas long as short
MEXC BNB_USDT+0.0102%8h803.60+0.055%$84.3M$13.5M200xas long as short
BingX BNB-USDC+0.0102%8h803.25+0.011%—$13.3M—as long as short
Binance BNBUSDTlong+0.0102%8h803.16long leg$518.1M$807.5M75x
Extended BNB-USDshort+0.0104%1h802.32−0.104%$1.9M$6.1M50x
Aevo BNB-PERP+0.0104%1h802.68−0.060%$386K$40K10xas long as short
SoDEX BNB-USD+0.0106%1h802.80−0.045%$395K$1.0M10xas long as short
Phemex BNBUSDT+0.0123%8h803.35+0.024%$70.1M$51.7M50xas long as short
Phoenix BNB+0.0125%1h805.11+0.243%$173K$35K10xas long as short
Bulk BNB-USD+0.0140%1h805.09+0.240%$650K$11K10xas long as short
Hyperliquid BNB+0.0178%1h803.26+0.012%$51.6M$21.3M10xas long as short
dYdX BNB-USD+0.0192%1h803.01−0.019%$170K$55K10xas long as short
RISEx BNB/USDC+0.0209%1h802.99−0.021%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0222%8h803.74+0.072%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h803.57+0.052%$71K$48K12xas long as short
Reya BNBRUSDPERP+0.0335%1h802.48−0.085%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h803.51+0.044%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.219%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0666%1h803.66+0.062%$3.0M$5.3M40xas long as short