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Funding arb · Price arb /

BNB

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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+0.0038%/8h= +4.2% APRnext payment +$0.38 per $10,000 · paid last 24h +0.004%
Price spread now: Bybit against BingX−0.049%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Long on BingXShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.067%−$7 on $10k
Price spread, last 7 days−0.004%$0 · spread now −0.049%, 7d avg −0.021%
Together, before fees−0.072%−$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.028% cheaper against BingX than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of −0.021%). If the spread goes back, that is −$3 on $10k: about 2.4 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BNB-USDC798.59−0.0024get 0.0024% / 8h7h 21m—$13.4M—
ShortBybit BNBUSDT798.200.0014get 0.0014% / 8h7h 21m$138.7M$76.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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
$7.97
Price spread: −0.049% → −0.021%
−$2.78
Slippage, 4 orders
−$6.57
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$22.39
Costs to cover
0.276%
Break-even
26.7 days
Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 3 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 BingX live order book, 2 min ago0.31 bp7.5 bp −$710.4 bp −$10419.1 bp −$1,90859.4 bp −$29.7K
Sell Bybit live order book, 3 min ago0.63 bp6.4 bp −$69.1 bp −$9122.2 bp −$2,220124.8 bp −$62.4K

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 −0.0159% / S +0.0335%1h798.30−0.037%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.41−0.023%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.95+0.045%$4K$23925xas long as short
BingX BNB-USDClong−0.0024%8h798.59long leg—$13.4M—
GRVT BNB_USDT_Perp0.0000%8h800.63+0.256%$3.0M$27.7M10xas long as short
StandX BNB-USD0.0000%1h799.35+0.095%$864K$2.9M30xas long as short
Variational Omni BNB+0.0004%8h797.72−0.109%$4.1M$5.0M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.24−0.044%$9.7M—150xas long as short
Phemex BNBUSDT+0.0009%8h798.92+0.041%$69.8M$50.0M50xas long as short
Gate BNB_USDT+0.0010%8h798.00−0.074%$35.7M$56.7M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BNBUSDTshort+0.0014%8h798.20−0.049%$138.7M$76.3M75x
Injective BNB/USDC PERP+0.0033%1h805.09+0.814%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07+0.060%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0055%8h798.78+0.023%$6.2M$19.4M200xas long as short
Binance BNBUSDT+0.0077%8h798.79+0.025%$495.9M$811.4M75xas long as short
MEXC BNB_USDT+0.0078%8h799.20+0.076%$83.1M$13.7M200xas long as short
Lighter BNB+0.0096%1h798.55−0.006%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.13+0.068%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.25−0.043%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.83+0.030%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.20−0.049%$54.2M$111.0M50xas long as short
Arcus BNB-USD+0.0100%1h798.90+0.039%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.23−0.045%$27.9M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h798.05−0.068%$78.2M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h800.04+0.182%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.98+0.174%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.35−0.030%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.26−0.041%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.39−0.024%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.94+0.044%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.50−0.011%$393K$998K10xas long as short
HTX BNB-USDT+0.0100%8h798.09−0.062%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.17+0.073%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.12−0.059%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.42−0.021%$384K$110K10xas long as short
Bulk BNB-USD+0.0127%1h799.28+0.086%$649K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.55−0.004%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0156%8h799.20+0.076%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0197%8h798.81+0.028%$18.0M$2.6M75xas long as short
01 Exchange BNBUSD+0.0200%1h798.75+0.020%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h798.74+0.019%$1.6M$161K25xas long as short
dYdX BNB-USD+0.0202%1h799.08+0.062%$161K$63K10xas long as short
Hibachi BNB/USDT-P+0.0256%1h799.00+0.051%$68K$38K12xas long as short
Hyperliquid BNB+0.0300%1h799.06+0.059%$53.1M$20.3M10xas long as short
Reya BNBRUSDPERP+0.0330%1h797.81−0.098%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0400%1h799.37+0.098%$2.7M$5.7M40xas long as short