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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0303%/8h= +33.2% APRpaid last 24h +0.050%
Price spread now: Bulk against Bitget−0.064%7-day average +0.142% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$210.205% of the position
Long on BitgetShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.231%+$23 on $10k
Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.064%, 7d avg +0.142%
Together, before fees+0.395%+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bulk is 0.206% cheaper against Bitget than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.142%). If the spread goes back, that is −$21 on $10k: about 2.3 days of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNBUSDT791.000.0100pay 0.0100% / 8h5h 20m$77.0M$30.0M75x
ShortBulk BNB-USD790.490.0403get 0.0050% / 1h20m 32s$640K$6K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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
$63.7
Price spread: −0.064% → +0.142%
−$20.57
Slippage, 4 orders
−$1.53
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$22.6
Costs to cover
0.205%
Break-even
4.5 days
Slippage from Bitget: live order book, 4 min ago; Bulk: live order book, 44 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, 4 min ago0.06 bp6.6 bp −$710.3 bp −$10319.5 bp −$1,954doesn't fit
Sell Bulk live order book, 44 min ago0.06 bp3.6 bp −$43.6 bp −$366.6 bp −$66117.8 bp −$8,922

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 −0.0167% / S +0.0335%1h791.28+0.035%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h791.84+0.106%$4K$23925xas long as short
StandX BNB-USD0.0000%1h792.75+0.221%$857K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h791.27+0.034%$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.781%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h792.03+0.130%$615K$1.8M50xas long as short
Aster BNBUSDT+0.0052%8h792.20+0.152%$6.3M$18.7M200xas long as short
Phemex BNBUSDT+0.0056%8h792.09+0.138%$69.4M$51.0M50xas long as short
BingX BNB-USDT+0.0061%8h791.64+0.081%—$34.3M—as long as short
MEXC BNB_USDT+0.0076%8h792.20+0.152%$80.5M$12.5M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0077%8h791.98+0.124%$495.0M$796.5M75xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h791.32+0.040%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h791.79+0.100%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.57+0.072%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h791.35+0.044%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h791.92+0.116%$51.9M$17.6M10xas long as short
Pacifica BNB+0.0100%1h791.71+0.090%$1.2M$908K20xas long as short
Bybit BNBUSDT+0.0100%8h791.30+0.038%$139.3M$77.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h791.20+0.025%$53.7M$111.9M50xas long as short
Arcus BNB-USD+0.0100%1h791.70+0.088%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h791.40+0.051%$35.4M$57.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h791.40+0.051%$27.8M$10.3M75xas long as short
Bitget BNBUSDTlong+0.0100%8h791.00long leg$77.0M$30.0M75x
Backpack BNB_USDC_PERP+0.0100%1h791.85+0.107%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h791.30+0.038%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h790.37−0.080%$4.1M$75.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h791.08+0.010%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h791.29+0.037%$134K$951K10xas long as short
Derive BNB-PERP+0.0100%1h791.77+0.097%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h792.09+0.138%$12K$1.6M50xas long as short
HTX BNB-USDT+0.0100%8h791.68+0.086%$8.1M$9.2M75xas long as short
Paradex BNB-USD-PERP+0.0102%8h792.18+0.149%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h791.10+0.012%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.53+0.067%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h790.63−0.047%$170K$35K10xas long as short
SoDEX BNB-USD+0.0108%1h791.70+0.088%$389K$1.0M10xas long as short
GRVT BNB_USDT_Perp+0.0144%8h791.54+0.068%$3.0M$28.0M10xas long as short
Kalshi KXBNBPERP+0.0189%8h792.20+0.152%$83K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0197%8h792.08+0.137%$18.2M$2.2M75xas long as short
dYdX BNB-USD+0.0222%1h791.76+0.096%$160K$63K10xas long as short
01 Exchange BNBUSD+0.0296%1h791.91+0.115%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h791.99+0.126%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0327%1h791.03+0.003%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h791.78+0.098%$1.1M$1.0M20xas long as short
Bulk BNB-USDshort+0.0403%1h790.49−0.064%$640K$6K10x
Hibachi BNB/USDT-P+0.0600%1h792.04+0.131%$68K$38K12xas long as short