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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.005%
Price spread now: SoDEX against Bitget−0.015%7-day average +0.060% · 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−$31as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Long on BitgetShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.015%+$2 on $10k
Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.015%, 7d avg +0.060%
Together, before fees−0.137%−$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. SoDEX is 0.076% cheaper against Bitget than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.060%). If the spread goes back, that is −$8 on $10k: about 5.1 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.015% in total) that is about 16 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNBUSDT787.920.0100pay 0.0100% / 8h5h 41m$76.8M$30.0M75x
ShortSoDEX BNB-USD787.800.0149get 0.0019% / 1h41m 05s$387K$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$10.33
Price spread: −0.015% → +0.060%
−$7.57
Slippage, 4 orders
−$3.42
Fee Bitget: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$20.66
Costs to cover
0.234%
Break-even
21.0 days
Slippage from Bitget: live order book, 3 min ago; SoDEX: live order book, 3 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 bp6.6 bp −$710.9 bp −$10917.3 bp −$1,726doesn't fit
Sell SoDEX live order book, 3 min ago0.63 bp5.0 bp −$58.6 bp −$8679.1 bp −$7,911doesn'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 −0.0167% / S +0.0335%1h787.73−0.024%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.48+0.071%$4K$23925xas long as short
StandX BNB-USD0.0000%1h790.22+0.292%$854K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h787.79−0.016%$9.6M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.179%$19K$789K30xas long as short
Aster BNBUSDT+0.0043%8h788.55+0.080%$6.2M$18.7M200xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h789.09+0.148%$618K$1.8M50xas long as short
BingX BNB-USDT+0.0057%8h788.04+0.015%—$34.4M—as long as short
MEXC BNB_USDT+0.0074%8h788.70+0.099%$80.2M$12.4M200xas long as short
Binance BNBUSDT+0.0075%8h788.70+0.099%$493.2M$806.3M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0084%8h788.24+0.041%$69.0M$51.0M50xas long as short
Variational Omni BNB+0.0086%8h787.60−0.041%$4.1M$4.6M—as long as short
Kraken Futures PF_BNBUSD+0.0091%1h787.62−0.038%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h787.85−0.009%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.73−0.024%$265K$497K50xas long as short
Nado BNB-PERP+0.0100%1h788.00+0.010%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h788.41+0.062%$51.7M$18.4M10xas long as short
Pacifica BNB+0.0100%1h788.18+0.033%$1.2M$909K20xas long as short
Bybit BNBUSDT+0.0100%8h788.09+0.022%$138.6M$77.4M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h788.00+0.010%$53.4M$112.2M50xas long as short
Arcus BNB-USD+0.0100%1h788.30+0.048%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h787.85−0.009%$35.2M$56.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.57−0.044%$27.7M$10.4M75xas long as short
Bitget BNBUSDTlong+0.0100%8h787.92long leg$76.8M$30.0M75x
Backpack BNB_USDC_PERP+0.0100%1h788.09+0.022%$2.2M$6.1M40xas long as short
edgeX BNBUSDC+0.0100%4h789.32+0.177%$4.1M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.87+0.121%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.91−0.001%$137K$946K10xas long as short
Derive BNB-PERP+0.0100%1h787.96+0.005%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.57+0.082%$12K$1.6M50xas long as short
HTX BNB-USDT+0.0100%8h788.36+0.056%$8.1M$9.1M75xas long as short
Paradex BNB-USD-PERP+0.0103%8h788.64+0.091%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h787.34−0.073%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h787.72−0.026%$378K$110K10xas long as short
Phoenix BNB+0.0107%1h789.13+0.154%$170K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0132%8h789.50+0.201%$2.9M$28.2M10xas long as short
SoDEX BNB-USDshort+0.0149%1h787.80−0.015%$387K$1.0M10x
Kalshi KXBNBPERP+0.0186%8h788.50+0.074%$95K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0195%8h788.40+0.061%$18.2M$2.3M75xas long as short
dYdX BNB-USD+0.0241%1h788.16+0.030%$159K$63K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.11+0.024%$1.5M$152K25xas long as short
01 Exchange BNBUSD+0.0312%1h788.47+0.070%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0328%1h787.69−0.029%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h788.37+0.056%$1.1M$1.0M20xas long as short
Bulk BNB-USD+0.0373%1h788.05+0.017%$638K$13K10xas long as short
Hibachi BNB/USDT-P+0.0584%1h789.66+0.221%$67K$38K12xas long as short