BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.18 per $10,000 · paid last 24h −0.008%

Price spread now: Phemex against Binance−0.001%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)−0.136%−$14 · spread now −0.001%, 7d avg −0.014%

Together, before fees−0.177%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, 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	804.61	0.0105	pay 0.0105% / 8h	2h 33m	$519.0M	$803.0M	75x
Short	Phemex BNBUSDT	804.60	0.0123	get 0.0123% / 8h	2h 33m	$70.2M	$51.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.001%Rate

Funding earned: $3.71
Price spread: −0.001% → −0.014%: $1.26
Slippage, 4 orders: −$3.01
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$20.03
Costs to cover: 0.250%
Break-even: 44.7 days

Slippage from Binance: live order book, 10 min ago; Phemex: 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, 10 min ago	0.06 bp	5.5 bp −$6	6.8 bp −$68	14.7 bp −$1,467	doesn't fit
Sell Phemex live order book, 5 min ago	0.19 bp	7.4 bp −$7	9.1 bp −$91	12.4 bp −$1,243	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 −0.0195% / S +0.0371%	1h	803.89	−0.089%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.57	−0.005%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.19	−0.052%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.50	−0.014%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.92	−0.086%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.01	−0.074%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.97	−0.079%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0051%	8h	802.62	−0.247%	$4.0M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0057%	8h	803.81	−0.099%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0076%	8h	803.60	−0.125%	$139.4M	$82.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	804.19	−0.052%	$609K	$878K	50x	as long as short
Aster BNBUSDT	+0.0089%	8h	804.56	−0.006%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	804.22	−0.048%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.14	−0.059%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.27	−0.042%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.90	−0.088%	$55.1M	$115.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.30	−0.038%	$52K	$162K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	803.80	−0.101%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.70	−0.113%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.57	−0.129%	$79.1M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.02	−0.197%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.17	−0.055%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.93	−0.084%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.99	−0.077%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.10	−0.063%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.58	−0.003%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	804.44	−0.021%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.72	−0.110%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.67	+0.007%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	803.61	−0.124%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.17	−0.055%	$386K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0105%	8h	804.90	+0.036%	$84.4M	$13.6M	200x	as long as short
Binance BNBUSDTlong	+0.0105%	8h	804.61	long leg	$519.0M	$803.0M	75x
Phemex BNBUSDTshort	+0.0123%	8h	804.60	−0.001%	$70.2M	$51.7M	50x
Phoenix BNB	+0.0125%	1h	803.30	−0.163%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0148%	1h	804.00	−0.076%	$395K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0155%	1h	804.63	+0.003%	$51.7M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0194%	1h	803.61	−0.124%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.54	−0.008%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0225%	8h	804.34	−0.033%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.30	−0.162%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0260%	1h	804.28	−0.041%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	805.08	+0.059%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.72	−0.110%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.039%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0668%	1h	804.90	+0.036%	$3.0M	$5.4M	40x	as long as short