Funding you earn now, next payment 02:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.050%
Price spread now: edgeX against Bulk+0.078%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Funding, last 3 days (all we have)−0.227%−$23 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.078%, 7d avg −0.020%
=Together, before fees−0.135%+ Points / potential airdropedgeX: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.097% dearer against Bulk than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.020%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 3 days (−0.227% in total) that is about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk BNB-USD | 792.60 | 0.0175 | pay 0.0022% / 1h | 30m 47s | $642K | $16K | 10x |
| Short | edgeX BNBUSDC | 793.22 | 0.0100 | get 0.0050% / 4h | 2h 30m | $4.1M | $77.1M | 30x |
Bulk BNB-USD
edgeX BNBUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bulk. 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
- −$15.68
- Price spread: +0.078% → −0.020%
- $9.74
- Slippage, 4 orders
- −$5.17
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$27.1
- Costs to cover
- 0.212%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 38 min ago; edgeX: 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 Bulk live order book, 38 min ago | 0.06 bp | 3.6 bp −$4 | 4.1 bp −$41 | 7.0 bp −$701 | 16.8 bp −$8,405 |
| Sell edgeX live order book, 3 min ago | 2.52 bp | 7.0 bp −$7 | 7.0 bp −$70 | 12.2 bp −$1,218 | doesn't fit |
BNB on 45 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 −0.0167% / S +0.0335% | 1h | 793.74 | +0.143% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 793.65 | +0.132% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 793.96 | +0.172% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 794.76 | +0.273% | $859K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 793.73 | +0.143% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0025% | 8h | 793.33 | +0.092% | $4.1M | $4.9M | — | as long as short |
| Gate BNB_USDT | +0.0029% | 8h | 793.80 | +0.151% | $35.4M | $55.8M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.576% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0035% | 8h | 794.46 | +0.235% | $6.1M | $19.7M | 200x | as long as short |
| GRVT BNB_USDT_Perp | +0.0044% | 8h | 793.45 | +0.107% | $3.0M | $28.8M | 10x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
Gate BNB_USDT
Injective BNB/USDC PERP
Aster BNBUSDT
GRVT BNB_USDT_PerpShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BNB-USDT | +0.0048% | 8h | 794.20 | +0.202% | — | $34.9M | — | as long as short |
| Phemex BNBUSDT | +0.0056% | 8h | 794.31 | +0.216% | $69.5M | $50.6M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 791.17 | −0.180% | $607K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0063% | 8h | 794.60 | +0.252% | $82.4M | $12.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0063% | 8h | 794.52 | +0.242% | $494.3M | $811.1M | 75x | as long as short |
| dYdX BNB-USD | +0.0066% | 1h | 793.98 | +0.174% | $161K | $63K | 10x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 793.37 | +0.097% | $170K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 794.05 | +0.182% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 793.64 | +0.131% | $384K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 793.35 | +0.095% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 794.38 | +0.225% | $52.1M | $19.8M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 794.18 | +0.199% | $1.2M | $926K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 793.90 | +0.164% | $138.5M | $76.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 793.90 | +0.164% | $53.2M | $110.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 794.30 | +0.214% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 793.90 | +0.164% | $27.7M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 793.91 | +0.165% | $77.3M | $28.3M | 75x | as long as short |
| edgeX BNBUSDCshort | +0.0100% | 4h | 793.22 | +0.078% | $4.1M | $77.1M | 30x | |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 793.21 | +0.077% | $159K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 793.72 | +0.141% | $111K | $886K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 793.91 | +0.165% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 794.00 | +0.177% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 793.90 | +0.164% | $390K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 793.32 | +0.091% | $8.1M | $8.8M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 794.16 | +0.196% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 793.41 | +0.102% | $1.7M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 793.84 | +0.156% | $381K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 793.85 | +0.157% | $1.1M | $1.3M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0161% | 8h | 793.70 | +0.139% | $111K | $2.7M | 4.8x | as long as short |
| Bulk BNB-USDlong | +0.0175% | 1h | 792.60 | long leg | $642K | $16K | 10x | |
| 01 Exchange BNBUSD | +0.0248% | 1h | 794.30 | +0.214% | $28K | $2K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 793.51 | +0.115% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0394% | 1h | 794.47 | +0.236% | $2.7M | $5.7M | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 794.26 | +0.210% | $1.6M | $161K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0536% | 1h | 794.41 | +0.228% | $68K | $38K | 12x | as long as short |
BingX BNB-USDT
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
dYdX BNB-USD
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
01 Exchange BNBUSD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P