BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.52 per $10,000 · paid last 24h −0.004%

Price spread now: Phemex against Bitget+0.054%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.054%, 7d avg +0.109%

Together, before fees−0.045%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.055% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.109%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	791.52	0.0100	pay 0.0100% / 8h	6h 53m	$77.3M	$28.5M	75x
Short	Phemex BNBUSDT	791.95	0.0048	get 0.0048% / 8h	6h 53m	$69.2M	$50.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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

Position, each leg$Hold fordaysFee BitgetbpFee PhemexbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$11.02
Price spread: +0.054% → +0.109%: −$5.49
Slippage, 4 orders: −$3.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$43.82
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago	0.06 bp	6.6 bp −$7	9.0 bp −$90	22.3 bp −$2,228	doesn't fit
Sell Phemex live order book, 5 min ago	0.25 bp	6.3 bp −$6	6.5 bp −$65	11.4 bp −$1,144	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 −0.0161% / S +0.0334%	1h	790.84	−0.085%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	791.78	+0.033%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.59	+0.009%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0031%	8h	791.85	+0.042%	$35.5M	$55.0M	75x	as long as short
dYdX BNB-USD	0.0000%	1h	791.77	+0.032%	$160K	$63K	10x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	794.24	+0.344%	$3.0M	$28.1M	10x	as long as short
StandX BNB-USD	0.0000%	1h	792.60	+0.136%	$857K	$3.0M	30x	as long as short
Variational Omni BNB	+0.0006%	8h	791.53	+0.001%	$4.1M	$5.1M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	790.85	−0.085%	$9.6M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	792.41	+0.112%	$6.1M	$19.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.714%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0045%	8h	791.50	−0.003%	$137.7M	$77.1M	75x	as long as short
BingX BNB-USDC	+0.0045%	8h	791.51	−0.001%	—	$13.4M	—	as long as short
Phemex BNBUSDTshort	+0.0048%	8h	791.95	+0.054%	$69.2M	$50.4M	50x
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.39	−0.016%	$607K	$1.1M	50x	as long as short
Binance BNBUSDT	+0.0062%	8h	792.55	+0.131%	$492.5M	$819.0M	75x	as long as short
MEXC BNB_USDT	+0.0062%	8h	792.80	+0.162%	$82.2M	$12.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	791.84	+0.041%	$2.8M	$3.9M	20x	as long as short
Phoenix BNB	+0.0099%	1h	794.51	+0.378%	$171K	$36K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.46	−0.008%	$382K	$468K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.65	−0.110%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	792.40	+0.111%	$52.5M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	791.94	+0.053%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	791.60	+0.010%	$53.2M	$110.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	791.60	+0.010%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.83	+0.039%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	791.52	long leg	$77.3M	$28.5M	75x
edgeX BNBUSDC	+0.0100%	4h	794.42	+0.366%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.47	+0.373%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.07	−0.057%	$112K	$889K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	791.50	−0.002%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.17	+0.082%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	791.80	+0.035%	$389K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.06	−0.058%	$8.1M	$8.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	791.80	+0.035%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	791.70	+0.023%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.55	+0.004%	$380K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	791.39	−0.016%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0139%	1h	794.97	+0.436%	$646K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0162%	8h	791.90	+0.048%	$94K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0183%	8h	792.41	+0.112%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	791.58	+0.008%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	791.93	+0.052%	$1.5M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	790.71	−0.102%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	792.10	+0.073%	$68K	$38K	12x	as long as short
Backpack BNB_USDC_PERP	+0.0454%	1h	792.85	+0.168%	$2.7M	$5.7M	40x	as long as short