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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h −0.046%
Price spread now: OKX against Bulk−0.099%7-day average −0.122% · 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−$17as in the Price arb table
costs, in and out, $10k−$200.197% of the position
Long on BulkShort on OKX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.236%−$24 on $10k
Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.099%, 7d avg −0.122%
Together, before fees−0.173%−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.023% dearer against Bulk than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.122%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 4 days (−0.236% in total) that is about 9 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BNB-USD787.880.0201pay 0.0025% / 1h11m 37s$639K$10K10x
ShortOKX BNB-USDT-SWAP787.100.0100get 0.0100% / 8h3h 11m$53.4M$111.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bulk. 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
−$21.16
Price spread: −0.099% → −0.122%
$2.31
Slippage, 4 orders
−$2.65
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee OKX: 5 bp × 2 orders
−$10
Net
−$38.51
Costs to cover
0.197%
Break-even
never at this rate
Slippage from Bulk: live order book, 42 min ago; OKX: live order book, 2 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 Bulk live order book, 42 min ago0.06 bp3.6 bp −$43.7 bp −$374.5 bp −$4488.3 bp −$4,145
Sell OKX live order book, 2 min ago0.63 bp5.6 bp −$67.6 bp −$7620.8 bp −$2,076doesn'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 −0.0192% / S +0.0356%1h786.96−0.117%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h787.18−0.089%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h787.79−0.011%$4K$4225xas long as short
Kalshi KXBNBPERP0.0000%8h788.10+0.028%$124K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h788.16+0.035%$850K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.09−0.101%$9.5M—150xas long as short
Aster BNBUSDT+0.0022%8h787.98+0.012%$6.1M$18.8M200xas long as short
BingX BNB-USDT+0.0033%8h787.60−0.036%—$22.3M—as long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.184%$19K$789K30xas long as short
Phemex BNBUSDT+0.0039%8h787.70−0.023%$68.9M$50.7M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0041%8h788.50+0.079%$79.9M$12.0M200xas long as short
Binance BNBUSDT+0.0041%8h787.87−0.001%$491.0M$802.5M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h788.00+0.015%$579K$1.9M50xas long as short
dYdX BNB-USD+0.0079%1h787.24−0.081%$159K$63K10xas long as short
Phoenix BNB+0.0092%1h787.74−0.018%$169K$35K10xas long as short
Lighter BNB+0.0096%1h787.65−0.029%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.19−0.088%$265K$492K50xas long as short
Nado BNB-PERP+0.0100%1h787.35−0.067%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h788.06+0.023%$51.7M$17.5M10xas long as short
Pacifica BNB+0.0100%1h787.79−0.011%$1.2M$934K20xas long as short
Bybit BNBUSDT+0.0100%8h787.20−0.086%$138.4M$74.0M75xas long as short
OKX BNB-USDT-SWAPshort+0.0100%8h787.10−0.099%$53.4M$111.6M50x
Arcus BNB-USD+0.0100%1h787.60−0.036%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h787.35−0.067%$36.1M$58.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.15−0.093%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h786.98−0.114%$76.2M$30.6M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.79−0.011%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.31−0.072%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h787.75−0.017%$4.1M$74.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.52−0.046%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.14−0.094%$132K$955K10xas long as short
Derive BNB-PERP+0.0100%1h787.25−0.080%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.80−0.010%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.40−0.061%$387K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h787.36−0.066%$8.1M$9.7M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.79−0.012%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h787.12−0.096%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h787.25−0.080%$378K$110K10xas long as short
BloFin BNB-USDT+0.0161%8h787.91+0.004%$17.7M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0178%8h787.99+0.014%$2.9M$28.7M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h787.63−0.032%$1.5M$143K25xas long as short
Bulk BNB-USDlong+0.0201%1h787.88long leg$639K$10K10x
01 Exchange BNBUSD+0.0240%1h787.93+0.006%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0324%1h787.00−0.111%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0424%1h787.58−0.038%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h787.77−0.013%$1.1M$894K20xas long as short