Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.38 per $10,000 · paid last 24h +0.002%
Price spread now: BingX against Bitget+0.044%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$260.264% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 7 days+0.021%+$2 · spread now +0.044%, 7d avg +0.064%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.020% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BNBUSDT | 802.50 | 0.0100 | pay 0.0100% / 8h | 2h 41m | $79.0M | $24.5M | 75x |
| Short | BingX BNB-USDT | 802.85 | 0.0062 | get 0.0062% / 8h | 2h 41m | — | $34.5M | — |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.98
- Price spread: +0.044% → +0.064%
- −$2.02
- Slippage, 4 orders
- −$4.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$36.43
- Costs to cover
- 0.264%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; BingX: live order book, 3 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 Bitget live order book, 3 min ago | 0.06 bp | 7.5 bp −$8 | 10.3 bp −$103 | 21.4 bp −$2,136 | doesn't fit |
| Sell BingX live order book, 3 min ago | 0.13 bp | 5.1 bp −$5 | 5.6 bp −$56 | 10.9 bp −$1,091 | 28.9 bp −$14.5K |
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 | 802.87 | +0.046% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 803.57 | +0.133% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.09 | +0.073% | $3.0M | $30.0M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 803.20 | +0.087% | $122K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.92 | +0.177% | $869K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 802.88 | +0.047% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 803.05 | +0.069% | $2.5M | $910K | 50x | as long as short |
| Variational Omni BNB | +0.0059% | 8h | 802.25 | −0.031% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDTshort | +0.0062% | 8h | 802.85 | +0.044% | — | $34.5M | — | |
| Bybit BNBUSDT | +0.0083% | 8h | 802.40 | −0.012% | $138.7M | $82.5M | 75x | as long as short |
Show all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0087% | 8h | 803.49 | +0.123% | $6.4M | $18.8M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 803.99 | +0.186% | $608K | $880K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 803.06 | +0.070% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 802.56 | +0.008% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 802.95 | +0.056% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.70 | +0.025% | $55.1M | $115.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 803.20 | +0.087% | $52K | $161K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 802.65 | +0.019% | $35.9M | $58.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.66 | +0.020% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDTlong | +0.0100% | 8h | 802.50 | long leg | $79.0M | $24.5M | 75x | |
| edgeX BNBUSDC | +0.0100% | 4h | 803.30 | +0.099% | $4.2M | $77.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.22 | +0.090% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 802.74 | +0.030% | $118K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 802.95 | +0.056% | $388K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 803.04 | +0.067% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 803.49 | +0.123% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 803.42 | +0.115% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 802.91 | +0.051% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 803.54 | +0.129% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDT | +0.0103% | 8h | 803.90 | +0.174% | $84.5M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0104% | 8h | 803.49 | +0.123% | $518.2M | $803.6M | 75x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 802.56 | +0.008% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 803.17 | +0.083% | $386K | $40K | 10x | as long as short |
| SoDEX BNB-USD | +0.0114% | 1h | 802.90 | +0.050% | $395K | $1.0M | 10x | as long as short |
| Phemex BNBUSDT | +0.0119% | 8h | 803.49 | +0.123% | $70.1M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 803.50 | +0.125% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0153% | 1h | 803.47 | +0.121% | $51.6M | $21.3M | 10x | as long as short |
| Bulk BNB-USD | +0.0194% | 1h | 803.61 | +0.138% | $649K | $11K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 803.27 | +0.097% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0224% | 8h | 803.58 | +0.135% | $18.8M | $3.0M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0248% | 1h | 803.38 | +0.110% | $71K | $49K | 12x | as long as short |
| dYdX BNB-USD | +0.0249% | 1h | 803.00 | +0.062% | $170K | $55K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 803.55 | +0.131% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 802.63 | +0.017% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.302% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0687% | 1h | 803.82 | +0.164% | $3.0M | $5.3M | 40x | as long as short |
Bitget BNBUSDT
BingX BNB-USDT
GMX BNB/USD [WBTC.b-USDC]
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
Bybit BNBUSDT
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Gate BNB_USDT
KuCoin BNBUSDTM
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
MEXC BNB_USDT
Binance BNBUSDT
Extended BNB-USD
SoDEX BNB-USD
Phemex BNBUSDT
Phoenix BNB
Hyperliquid BNB
Bulk BNB-USD
RISEx BNB/USDC
BloFin BNB-USDT
01 Exchange BNBUSD
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP