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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 02:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.014%
Price spread now: Extended against BingX−0.041%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Long on BingXShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding pays, the price is against you. Extended is 0.041% cheaper against BingX than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.027% in total) that is about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BNB-USDC793.920.0049pay 0.0049% / 8h6h 32m—$13.3M—
ShortExtended BNB-USD793.590.0104get 0.0013% / 1h32m 14s$1.7M$5.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$11.55
Price spread: −0.041% → 0.000%
−$4.11
Slippage, 4 orders
−$7.04
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$14.6
Costs to cover
0.220%
Break-even
15.8 days
Slippage from BingX: live order book, 1 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 BingX live order book, 1 min ago0.31 bp7.8 bp −$810.6 bp −$10617.7 bp −$1,77060.8 bp −$30.4K
Sell Extended live order book, 2 min ago0.06 bp2.6 bp −$33.5 bp −$35doesn't fitdoesn't fit

BNB on 45 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 −0.0167% / S +0.0335%1h794.00+0.010%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0132%1h793.86−0.007%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h793.90−0.003%$4K$23925xas long as short
StandX BNB-USD0.0000%1h793.56−0.045%$858K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h793.93+0.001%$9.7M—150xas long as short
Variational Omni BNB+0.0021%8h792.33−0.201%$4.0M$4.9M—as long as short
Gate BNB_USDT+0.0026%8h793.70−0.028%$35.4M$55.8M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.407%$19K$789K30xas long as short
Aster BNBUSDT+0.0034%8h794.65+0.092%$6.1M$19.8M200xas long as short
GRVT BNB_USDT_Perp+0.0045%8h793.31−0.077%$3.0M$28.8M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BNB-USDClong+0.0049%8h793.92long leg—$13.3M—
Phemex BNBUSDT+0.0054%8h794.45+0.067%$69.5M$50.7M50xas long as short
Coinbase International BNB-PERP-INTX+0.0056%1h791.17−0.346%$607K$1.1M50xas long as short
dYdX BNB-USD+0.0063%1h793.27−0.081%$160K$63K10xas long as short
MEXC BNB_USDT+0.0063%8h794.60+0.086%$82.4M$12.8M200xas long as short
Binance BNBUSDT+0.0063%8h794.37+0.057%$494.2M$813.1M75xas long as short
Phoenix BNB+0.0088%1h792.22−0.214%$170K$36K10xas long as short
Lighter BNB+0.0096%1h793.94+0.003%$2.8M$4.0M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h793.98+0.008%$384K$409K50xas long as short
Nado BNB-PERP+0.0100%1h793.30−0.078%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h794.18+0.033%$52.0M$19.8M10xas long as short
Pacifica BNB+0.0100%1h794.05+0.017%$1.2M$926K20xas long as short
Bybit BNBUSDT+0.0100%8h793.65−0.034%$138.4M$76.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h793.60−0.040%$53.2M$110.5M50xas long as short
Arcus BNB-USD+0.0100%1h794.10+0.023%$52K$134K10xas long as short
KuCoin BNBUSDTM+0.0100%8h793.52−0.050%$27.7M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h793.58−0.043%$77.3M$28.3M75xas long as short
edgeX BNBUSDC+0.0100%4h793.22−0.089%$4.1M$77.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h793.21−0.089%$159K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h794.04+0.015%$111K$886K10xas long as short
Derive BNB-PERP+0.0100%1h794.15+0.029%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h794.60+0.086%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h794.10+0.023%$390K$995K10xas long as short
HTX BNB-USDT+0.0100%8h793.11−0.103%$8.1M$8.8M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h794.11+0.024%$77K$17K50xas long as short
Extended BNB-USDshort+0.0104%1h793.59−0.041%$1.7M$5.9M50x
Aevo BNB-PERP+0.0104%1h794.03+0.014%$381K$110K10xas long as short
RISEx BNB/USDC+0.0131%1h794.12+0.025%$1.1M$1.3M20xas long as short
Kalshi KXBNBPERP+0.0161%8h793.90−0.003%$111K$2.8M4.8xas long as short
Bulk BNB-USD+0.0175%1h792.60−0.166%$642K$16K10xas long as short
01 Exchange BNBUSD+0.0248%1h794.57+0.082%$28K$2K10xas long as short
Reya BNBRUSDPERP+0.0329%1h793.81−0.014%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0397%1h794.38+0.058%$2.7M$5.7M40xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h794.48+0.070%$1.6M$161K25xas long as short
Hibachi BNB/USDT-P+0.0536%1h793.29−0.079%$68K$38K12xas long as short