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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0303%/8h= +33.2% APRpaid last 24h +0.058%
Price spread now: Bulk against Bybit−0.147%7-day average +0.129% · 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−$48as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Long on BybitShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.275%+$27 on $10k
Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.147%, 7d avg +0.129%
Together, before fees+0.356%+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bulk is 0.277% cheaper against Bybit than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of +0.129%). If the spread goes back, that is −$28 on $10k: about 3.0 days of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BNBUSDT791.660.0100pay 0.0100% / 8h5h 17m$139.3M$77.1M75x
ShortBulk BNB-USD790.490.0403get 0.0050% / 1h17m 25s$640K$6K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Bybit. 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
$63.7
Price spread: −0.147% → +0.129%
−$27.68
Slippage, 4 orders
−$2.55
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$15.46
Costs to cover
0.206%
Break-even
5.3 days
Slippage from Bybit: live order book, 2 min ago; Bulk: live order book, 47 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 Bybit live order book, 2 min ago0.63 bp6.4 bp −$68.6 bp −$8623.1 bp −$2,311153.8 bp −$76.9K
Sell Bulk live order book, 47 min ago0.06 bp3.6 bp −$43.6 bp −$366.6 bp −$66117.8 bp −$8,922

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%1h791.22−0.055%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h792.23+0.072%$4K$23925xas long as short
StandX BNB-USD0.0000%1h792.12+0.058%$856K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h791.81+0.019%$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.696%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h792.03+0.047%$615K$1.8M50xas long as short
Aster BNBUSDT+0.0051%8h792.43+0.097%$6.2M$18.7M200xas long as short
Phemex BNBUSDT+0.0053%8h792.05+0.049%$69.4M$50.6M50xas long as short
BingX BNB-USDT+0.0061%8h791.95+0.037%—$34.3M—as long as short
MEXC BNB_USDT+0.0075%8h792.80+0.144%$80.5M$12.5M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0076%8h792.31+0.082%$495.0M$793.5M75xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h791.45−0.027%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h792.08+0.054%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.36−0.038%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h791.70+0.005%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h792.43+0.097%$52.0M$17.6M10xas long as short
Pacifica BNB+0.0100%1h792.12+0.058%$1.2M$908K20xas long as short
Bybit BNBUSDTlong+0.0100%8h791.66long leg$139.3M$77.1M75x
OKX BNB-USDT-SWAP+0.0100%8h791.70+0.005%$53.8M$111.7M50xas long as short
Arcus BNB-USD+0.0100%1h792.00+0.043%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h791.75+0.011%$35.5M$57.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h791.660.000%$27.8M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h791.47−0.024%$77.0M$29.9M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h792.09+0.054%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h791.30−0.045%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h791.82+0.020%$4.1M$75.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h792.28+0.078%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h791.68+0.003%$134K$949K10xas long as short
Derive BNB-PERP+0.0100%1h791.55−0.013%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h791.98+0.040%$12K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h791.60−0.008%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h791.71+0.006%$8.1M$9.2M75xas long as short
Paradex BNB-USD-PERP+0.0102%8h792.51+0.107%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h791.44−0.027%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.34−0.041%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h792.03+0.047%$170K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0145%8h792.09+0.054%$2.9M$28.0M10xas long as short
Kalshi KXBNBPERP+0.0187%8h792.00+0.043%$83K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0196%8h791.81+0.019%$18.1M$2.2M75xas long as short
dYdX BNB-USD+0.0214%1h791.84+0.023%$160K$63K10xas long as short
01 Exchange BNBUSD+0.0296%1h792.28+0.078%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h791.75+0.012%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0327%1h791.49−0.021%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h792.09+0.054%$1.1M$1.0M20xas long as short
Bulk BNB-USDshort+0.0403%1h790.49−0.147%$640K$6K10x
Hibachi BNB/USDT-P+0.0592%1h791.77+0.014%$68K$38K12xas long as short