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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 22:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.010%
Price spread now: SoDEX against Bybit−0.014%7-day average +0.049% · 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−$30as in the Price arb table
costs, in and out, $10k−$230.235% of the position
Long on BybitShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.055%+$6 on $10k
Price spread, last 3 days (all we have)−0.042%−$4 · spread now −0.014%, 7d avg +0.049%
Together, before fees+0.013%+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. SoDEX is 0.062% cheaper against Bybit than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.049%). If the spread goes back, that is −$6 on $10k: about 40 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.055% in total) that is about 3.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BNBUSDT805.510.0075pay 0.0075% / 8h2h 25m$139.7M$82.5M75x
ShortSoDEX BNB-USD805.400.0199get 0.0025% / 1h25m 08s$396K$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$26.01
Price spread: −0.014% → +0.049%
−$6.25
Slippage, 4 orders
−$4.48
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$3.71
Costs to cover
0.235%
Break-even
8.0 days
Slippage from Bybit: live order book, 4 min ago; SoDEX: live order book, 4 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, 4 min ago0.62 bp7.4 bp −$710.5 bp −$10527.8 bp −$2,779174.6 bp −$87.3K
Sell SoDEX live order book, 4 min ago0.62 bp4.9 bp −$58.8 bp −$8881.8 bp −$8,182doesn'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 −0.0195% / S +0.0371%1h805.34−0.021%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h805.10−0.051%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.40−0.013%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.00+0.061%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.57+0.007%$871K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.37−0.018%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h805.52+0.001%$2.5M$908K50xas long as short
Variational Omni BNB+0.0048%8h805.22−0.036%$4.0M$5.4M—as long as short
BingX BNB-USDC+0.0052%8h805.70+0.024%—$13.3M—as long as short
Bybit BNBUSDTlong+0.0075%8h805.51long leg$139.7M$82.5M75x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.80−0.088%$609K$879K50xas long as short
Aster BNBUSDT+0.0094%8h806.17+0.082%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h805.63+0.015%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h805.25−0.032%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h805.78+0.034%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.70+0.024%$55.2M$115.9M50xas long as short
Arcus BNB-USD+0.0100%1h806.00+0.061%$53K$168K10xas long as short
Gate BNB_USDT+0.0100%8h805.50−0.001%$36.0M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.20−0.038%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.39−0.015%$79.3M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h805.49−0.003%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.60+0.011%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.27−0.030%$119K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.44−0.009%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h805.58+0.009%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.08+0.071%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h805.91+0.050%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h805.41−0.012%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.26+0.093%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.08−0.053%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h805.58+0.008%$387K$40K10xas long as short
MEXC BNB_USDT+0.0108%8h806.30+0.098%$84.6M$13.6M200xas long as short
Binance BNBUSDT+0.0110%8h806.47+0.119%$520.8M$804.2M75xas long as short
Phoenix BNB+0.0125%1h805.78+0.034%$173K$35K10xas long as short
Phemex BNBUSDT+0.0127%8h806.04+0.066%$70.3M$51.8M50xas long as short
Hyperliquid BNB+0.0173%1h806.23+0.089%$51.8M$21.3M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.145%$650K$11K10xas long as short
SoDEX BNB-USDshort+0.0199%1h805.40−0.014%$396K$1.0M10x
RISEx BNB/USDC+0.0209%1h805.78+0.034%$1.1M$1.5M20xas long as short
BloFin BNB-USDT+0.0230%8h806.35+0.104%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h805.69+0.022%$71K$48K12xas long as short
dYdX BNB-USD+0.0264%1h805.64+0.016%$170K$55K10xas long as short
Reya BNBRUSDPERP+0.0334%1h805.11−0.049%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0336%1h806.38+0.108%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.077%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0653%1h806.67+0.144%$3.0M$5.5M40xas long as short