BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0134%/8h= −14.7% APRnext payment −$1.34 per $10,000 · paid last 24h −0.052%

Price spread now: BingX against BloFin−0.212%96s7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.241% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 3 days (all we have)+0.192%+$19 · spread now −0.212%, 7d avg −0.069%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.143% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.069%). Swap the legs. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BNB-USDT	791.19	0.0190	pay 0.0190% / 8h	4h 51m	$18.2M	$2.2M	75x
Short	BingX BNB-USDT	789.51	0.0056	get 0.0056% / 8h	4h 51m	—	$34.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.212%Rate

Funding earned: −$28.15
Price spread: −0.212% → −0.069%: −$14.31
Slippage, 4 orders: −$2.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$66.61
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; BingX: live order book, 2 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 BloFin live order book, 2 min ago	0.19 bp	6.2 bp −$6	8.2 bp −$82	17.1 bp −$1,705	doesn't fit
Sell BingX live order book, 2 min ago	0.13 bp	5.8 bp −$6	6.9 bp −$69	13.8 bp −$1,382	30.7 bp −$15.4K

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 −0.0183% / S +0.0348%	1h	789.59	−0.202%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.04	−0.145%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.25	+0.008%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.65	−0.194%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.757%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0044%	8h	790.00	−0.150%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDTshort	+0.0056%	8h	789.51	−0.212%	—	$34.3M	—
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	−0.070%	$583K	$1.9M	50x	as long as short
Phemex BNBUSDT	+0.0068%	8h	790.26	−0.118%	$69.2M	$49.9M	50x	as long as short
Binance BNBUSDT	+0.0068%	8h	789.96	−0.155%	$492.9M	$789.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0069%	8h	790.20	−0.125%	$80.2M	$12.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	789.56	−0.207%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.65	−0.195%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.05	−0.144%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.07	−0.142%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.56	−0.206%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.18	−0.254%	$138.8M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.252%	$53.3M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	−0.201%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.35	−0.233%	$35.4M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.25	−0.245%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.97	−0.281%	$76.4M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.37	−0.104%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	790.82	−0.047%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.43	+0.030%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.18	−0.128%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.60	−0.201%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.75	−0.182%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.13	−0.133%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.90	−0.163%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.76	−0.054%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.08	−0.140%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.99	−0.278%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.65	−0.195%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0108%	1h	789.76	−0.181%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	791.15	−0.005%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	790.47	−0.091%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0184%	8h	790.70	−0.062%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDTlong	+0.0190%	8h	791.19	long leg	$18.2M	$2.2M	75x
01 Exchange BNBUSD	+0.0224%	1h	789.92	−0.161%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.44	−0.221%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.057%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.06	−0.143%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.35	−0.232%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.76	−0.181%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	790.81	−0.048%	$68K	$38K	12x	as long as short