Settings8H · net · $10k
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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h +0.004%
Price spread now: BingX against Coinbase International+0.025%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Long on Coinbase InternationalShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 3 days (all we have)+0.129%+$13 · spread now +0.025%, 7d avg +0.027%
Together, before fees+0.205%+$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International BNB-PERP-INTX798.140.0072pay 0.0009% / 1h9m 09s$601K$984K50x
ShortBingX BNB-USDC798.340.0033get 0.0033% / 8h9m 09s—$13.4M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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
−$8.19
Price spread: +0.025% → +0.027%
−$0.17
Slippage, 4 orders
−$11.53
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$39.89
Costs to cover
0.315%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 4 min ago; BingX: 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 Coinbase International live order book, 4 min ago2.63 bp9.6 bp −$1013.8 bp −$138doesn't fitdoesn't fit
Sell BingX live order book, 4 min ago0.31 bp6.9 bp −$79.2 bp −$9217.9 bp −$1,79461.7 bp −$30.9K

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 −0.0201% / S +0.0372%1h798.38+0.030%$47K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h798.89+0.094%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h798.07−0.009%$2.5M$974K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.45+0.039%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.86+0.090%$863K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.41+0.034%$9.7M—150xas long as short
Variational Omni BNB+0.0008%8h797.53−0.076%$4.0M$5.4M—as long as short
BingX BNB-USDCshort+0.0033%8h798.34+0.025%—$13.4M—
Bybit BNBUSDT+0.0037%8h797.90−0.030%$138.5M$76.8M75xas long as short
Coinbase International BNB-PERP-INTXlong+0.0072%1h798.14long leg$601K$984K50x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0082%8h798.80+0.083%$6.2M$19.1M200xas long as short
Lighter BNB+0.0096%1h798.38+0.030%$2.8M$4.1M20xas long as short
Phemex BNBUSDT+0.0098%8h798.74+0.075%$69.9M$50.6M50xas long as short
Nado BNB-PERP+0.0100%1h797.87−0.034%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.36+0.027%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.90−0.030%$54.3M$112.6M50xas long as short
Arcus BNB-USD+0.0100%1h798.40+0.033%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h798.10−0.005%$35.7M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h798.12−0.003%$28.0M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h797.97−0.021%$79.0M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h798.97+0.104%$4.1M$76.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.19+0.132%$161K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.20+0.008%$116K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.24+0.013%$386K$494K50xas long as short
Derive BNB-PERP+0.0100%1h798.45+0.039%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.72+0.072%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.40+0.033%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h798.76+0.078%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h798.55+0.052%$8.2M$8.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.68+0.068%$78K$19K50xas long as short
Binance BNBUSDT+0.0103%8h798.67+0.066%$497.5M$817.9M75xas long as short
MEXC BNB_USDT+0.0103%8h799.10+0.120%$83.0M$13.6M200xas long as short
Extended BNB-USD+0.0104%1h797.94−0.025%$1.7M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h798.44+0.038%$384K$40K10xas long as short
Phoenix BNB+0.0127%1h799.20+0.133%$172K$36K10xas long as short
Kalshi KXBNBPERP+0.0145%8h798.90+0.095%$90K$2.9M4.8xas long as short
Hibachi BNB/USDT-P+0.0160%1h798.59+0.056%$70K$43K12xas long as short
Bulk BNB-USD+0.0191%1h798.83+0.086%$649K$17K10xas long as short
BloFin BNB-USDT+0.0223%8h798.84+0.088%$18.1M$2.5M75xas long as short
Hyperliquid BNB+0.0232%1h799.08+0.118%$52.4M$20.8M10xas long as short
RISEx BNB/USDC+0.0258%1h798.15+0.002%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0272%1h798.61+0.059%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.871%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0331%1h797.79−0.044%$6K$3K40xas long as short
dYdX BNB-USD+0.0342%1h798.04−0.013%$161K$63K10xas long as short
Backpack BNB_USDC_PERP+0.0343%1h798.98+0.105%$2.7M$5.7M40xas long as short