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Funding arb · Price arb /

BNB

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Alert: spread
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Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: Arcus against Bitget+0.103%50s7-day average +0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.334% of the position
Long on BitgetShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.063%+$6 on $10k
Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.103%, 7d avg +0.140%
Together, before fees+0.121%+$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.037% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.140%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNBUSDT798.080.0100pay 0.0100% / 8h7h 20m$78.2M$28.1M75x
ShortArcus BNB-USD798.900.0100get 0.0013% / 1h20m 49s$53K$133K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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
$0
Price spread: +0.103% → +0.140%
−$3.7
Slippage, 4 orders
−$16.93
Fee Bitget: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$37.14
Costs to cover
0.334%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Arcus: live order book, 52 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 Bitget live order book, 3 min ago0.06 bp7.4 bp −$710.5 bp −$10525.4 bp −$2,542doesn't fit
Sell Arcus live order book, 52 min ago6.26 bp9.5 bp −$924.2 bp −$242doesn't fitdoesn't fit

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+0.027%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.41+0.041%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.95+0.109%$4K$23925xas long as short
BingX BNB-USDT−0.0007%8h798.59+0.064%—$35.0M—as long as short
GRVT BNB_USDT_Perp0.0000%8h800.63+0.320%$3.0M$27.7M10xas long as short
StandX BNB-USD0.0000%1h799.35+0.159%$864K$2.9M30xas long as short
Variational Omni BNB+0.0004%8h797.72−0.045%$4.1M$5.0M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.24+0.020%$9.7M—150xas long as short
Phemex BNBUSDT+0.0009%8h798.92+0.105%$69.8M$50.0M50xas long as short
Gate BNB_USDT+0.0010%8h798.20+0.015%$35.9M$56.7M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BNBUSDT+0.0014%8h798.23+0.019%$138.7M$76.3M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.878%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07+0.124%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0055%8h798.71+0.079%$6.2M$19.4M200xas long as short
Binance BNBUSDT+0.0077%8h799.06+0.123%$496.1M$811.5M75xas long as short
MEXC BNB_USDT+0.0078%8h799.30+0.153%$83.1M$13.7M200xas long as short
Lighter BNB+0.0096%1h798.55+0.058%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.13+0.132%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.25+0.021%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.83+0.093%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.20+0.015%$54.2M$111.0M50xas long as short
Arcus BNB-USDshort+0.0100%1h798.90+0.103%$53K$133K10x
KuCoin BNBUSDTM+0.0100%8h798.12+0.005%$27.9M$10.1M75xas long as short
Bitget BNBUSDTlong+0.0100%8h798.08long leg$78.2M$28.1M75x
edgeX BNBUSDC+0.0100%4h800.04+0.246%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.98+0.238%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.35+0.034%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.26+0.023%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.39+0.039%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.94+0.108%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.50+0.053%$393K$998K10xas long as short
HTX BNB-USDT+0.0100%8h798.09+0.002%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.17+0.137%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.12+0.005%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.42+0.043%$384K$110K10xas long as short
Bulk BNB-USD+0.0127%1h799.28+0.150%$649K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.55+0.060%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0156%8h799.20+0.140%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0197%8h798.81+0.091%$18.0M$2.6M75xas long as short
01 Exchange BNBUSD+0.0200%1h798.75+0.084%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h798.74+0.083%$1.6M$161K25xas long as short
dYdX BNB-USD+0.0202%1h799.08+0.126%$161K$63K10xas long as short
Hibachi BNB/USDT-P+0.0256%1h799.00+0.115%$68K$38K12xas long as short
Hyperliquid BNB+0.0300%1h798.99+0.114%$53.1M$20.3M10xas long as short
Reya BNBRUSDPERP+0.0330%1h797.81−0.034%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0400%1h799.37+0.162%$2.7M$5.7M40xas long as short