BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.36 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against Binance−0.107%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days+0.025%+$2 · spread now −0.107%, 7d avg −0.100%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.100%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	796.40	0.0064	pay 0.0064% / 8h	6h 26m	$495.5M	$810.8M	75x
Short	KuCoin BNBUSDTM	795.55	0.0100	get 0.0100% / 8h	6h 26m	$27.8M	$10.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.107%Rate

Funding earned: $7.6
Price spread: −0.107% → −0.100%: −$0.64
Slippage, 4 orders: −$5.69
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.73
Costs to cover: 0.277%
Break-even: 26.1 days

Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 8 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, 3 min ago	0.06 bp	5.6 bp −$6	7.5 bp −$75	16.4 bp −$1,645	doesn't fit
Sell KuCoin live order book, 8 min ago	0.57 bp	9.3 bp −$9	15.0 bp −$150	42.5 bp −$4,252	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	795.70	−0.088%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	795.82	−0.073%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.77	−0.079%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	796.20	−0.025%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	795.69	−0.090%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	795.62	−0.098%	$4.1M	$4.8M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.091%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	796.37	−0.004%	$6.1M	$19.7M	200x	as long as short
Phemex BNBUSDT	+0.0040%	8h	796.38	−0.003%	$69.7M	$50.8M	50x	as long as short
Gate BNB_USDT	+0.0047%	8h	795.70	−0.088%	$35.4M	$56.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDC	+0.0050%	8h	796.02	−0.048%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.657%	$607K	$1.1M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0059%	8h	795.02	−0.173%	$3.0M	$28.4M	10x	as long as short
Binance BNBUSDTlong	+0.0064%	8h	796.40	long leg	$495.5M	$810.8M	75x
MEXC BNB_USDT	+0.0064%	8h	796.70	+0.038%	$82.6M	$12.8M	200x	as long as short
dYdX BNB-USD	+0.0067%	1h	795.36	−0.130%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	795.15	−0.157%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.98	−0.053%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	795.73	−0.084%	$385K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.05	−0.170%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	796.17	−0.029%	$52.2M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.63	−0.097%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.90	−0.063%	$139.2M	$75.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.70	−0.088%	$53.3M	$110.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.70	−0.088%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	795.55	−0.107%	$27.8M	$10.1M	75x
Bitget BNBUSDT	+0.0100%	8h	795.67	−0.092%	$77.5M	$28.2M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.11	−0.163%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.74	−0.208%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	795.60	−0.100%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.95	−0.056%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.89	−0.064%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.90	−0.063%	$391K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.94	−0.183%	$8.2M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.87	−0.066%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	795.53	−0.110%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.83	−0.072%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	795.91	−0.062%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0158%	8h	795.60	−0.100%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	−0.060%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	796.17	−0.029%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	795.41	−0.125%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0390%	1h	796.34	−0.008%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	796.31	−0.011%	$1.6M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	795.00	−0.175%	$68K	$38K	12x	as long as short