BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.35 per $10,000 · paid last 24h +0.009%

Price spread now: Phemex against BingX+0.157%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on BingX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 3 days (all we have)−0.156%−$16 · spread now +0.157%, 7d avg +0.058%

Together, before fees−0.211%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.099% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.058%. Mind the row above: over the last 7 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDC	797.50	−0.0007	get 0.0007% / 8h	7h 17m	—	$13.3M	—
Short	Phemex BNBUSDT	798.75	0.0028	get 0.0028% / 8h	7h 17m	$69.7M	$50.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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

Position, each leg$Hold fordaysFee BingXbpFee PhemexbpOrdersPrice spread, now +0.157%Rate

Funding earned: $7.3
Price spread: +0.157% → +0.058%: $9.86
Slippage, 4 orders: −$7.05
Fee BingX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$11.88
Costs to cover: 0.290%
Break-even: 18.4 days

Slippage from BingX: live order book, 6 min ago; Phemex: live order book, 2 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 BingX live order book, 6 min ago	0.31 bp	7.5 bp −$7	10.4 bp −$104	19.1 bp −$1,908	59.4 bp −$29.7K
Sell Phemex live order book, 2 min ago	0.06 bp	8.1 bp −$8	9.6 bp −$96	16.8 bp −$1,679	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 −0.0159% / S +0.0334%	1h	797.96	+0.058%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.97	+0.058%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.55	+0.132%	$4K	$239	25x	as long as short
BingX BNB-USDClong	−0.0007%	8h	797.50	long leg	—	$13.3M	—
Gate BNB_USDT	−0.0003%	8h	797.95	+0.056%	$35.9M	$56.8M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.85	+0.170%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.12	+0.203%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	+0.027%	$4.1M	$5.0M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.02	+0.065%	$9.7M	—	150x	as long as short
Bybit BNBUSDT	+0.0022%	8h	798.28	+0.098%	$138.6M	$76.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDTshort	+0.0028%	8h	798.75	+0.157%	$69.7M	$50.2M	50x
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.952%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.197%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0051%	8h	798.59	+0.137%	$6.1M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0075%	8h	799.06	+0.196%	$496.1M	$811.7M	75x	as long as short
MEXC BNB_USDT	+0.0075%	8h	799.20	+0.213%	$83.1M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.30	+0.100%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.204%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.00	+0.063%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.44	+0.118%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.40	+0.113%	$54.2M	$110.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.50	+0.125%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.15	+0.082%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.93	+0.054%	$78.2M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.91	+0.176%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.95	+0.182%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.16	+0.083%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.01	+0.064%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.16	+0.083%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.71	+0.151%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.20	+0.088%	$392K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.76	+0.033%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.76	+0.158%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.68	+0.023%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.00	+0.062%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	+0.038%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.29	+0.100%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0158%	8h	798.70	+0.150%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	798.84	+0.168%	$18.1M	$2.6M	75x	as long as short
dYdX BNB-USD	+0.0198%	1h	797.77	+0.034%	$161K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.58	+0.135%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.45	+0.119%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0280%	1h	797.79	+0.036%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0294%	1h	799.15	+0.207%	$53.1M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.76	+0.033%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0426%	1h	799.14	+0.206%	$2.7M	$5.7M	40x	as long as short