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

BNB

all BNB markets
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.058%
Price spread now: Bulk against Coinbase International+0.263%7-day average +0.115% · 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−$9as in the Price arb table
costs, in and out, $10k−$230.235% of the position
Long on Coinbase InternationalShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.295%+$30 on $10k
Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.263%, 7d avg +0.115%
Together, before fees+0.225%+$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bulk is 0.149% dearer against Coinbase International than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.115%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International BNB-PERP-INTX805.540.0096pay 0.0012% / 1h40m 28s$608K$881K50x
ShortBulk BNB-USD807.660.0295get 0.0037% / 1h40m 28s$652K$14K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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
$41.73
Price spread: +0.263% → +0.115%
$14.86
Slippage, 4 orders
−$6.5
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$33.09
Costs to cover
0.235%
Break-even
1.4 days
Slippage from Coinbase International: live order book, 43 min ago; Bulk: live order book, 44 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, 43 min ago2.42 bp7.5 bp −$814.0 bp −$140doesn't fitdoesn't fit
Sell Bulk live order book, 44 min ago0.06 bp3.6 bp −$43.6 bp −$367.4 bp −$74116.5 bp −$8,254

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%1h806.58+0.130%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h807.39+0.230%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.21+0.083%$3.0M$29.2M10xas long as short
Kalshi KXBNBPERP0.0000%8h807.20+0.206%$107K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.73+0.148%$872K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.69+0.143%$9.8M—150xas long as short
Variational Omni BNB+0.0048%8h804.97−0.070%$4.1M$5.3M—as long as short
BingX BNB-USDT+0.0059%8h806.88+0.166%—$34.5M—as long as short
Bybit BNBUSDT+0.0083%8h806.50+0.119%$139.7M$81.1M75xas long as short
Hibachi BNB/USDT-P+0.0088%1h806.88+0.167%$72K$48K12xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h807.09+0.192%$2.8M$4.2M20xas long as short
Coinbase International BNB-PERP-INTXlong+0.0096%1h805.54long leg$608K$881K50x
Nado BNB-PERP+0.0100%1h806.60+0.132%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h807.15+0.199%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.80+0.156%$55.1M$116.1M50xas long as short
Arcus BNB-USD+0.0100%1h807.30+0.218%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h806.65+0.138%$36.1M$57.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h806.60+0.132%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h806.50+0.119%$78.8M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h806.39+0.105%$4.2M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.49+0.118%$162K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h806.85+0.163%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.43+0.110%$390K$592K50xas long as short
Derive BNB-PERP+0.0100%1h806.80+0.157%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h807.43+0.234%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h806.85+0.163%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h807.51+0.245%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h806.44+0.112%$1.9M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h806.77+0.152%$388K$40K10xas long as short
Aster BNBUSDT+0.0107%8h807.51+0.245%$6.4M$18.8M200xas long as short
MEXC BNB_USDT+0.0121%8h807.90+0.293%$84.8M$13.4M200xas long as short
Binance BNBUSDT+0.0122%8h807.58+0.253%$521.4M$803.4M75xas long as short
Phemex BNBUSDT+0.0131%8h807.22+0.209%$70.4M$51.8M50xas long as short
Phoenix BNB+0.0155%1h807.20+0.206%$173K$35K10xas long as short
SoDEX BNB-USD+0.0184%1h806.70+0.144%$397K$1.0M10xas long as short
dYdX BNB-USD+0.0203%1h806.57+0.128%$163K$63K10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h806.73+0.147%$2.5M$929K50xas long as short
Hyperliquid BNB+0.0211%1h807.75+0.274%$52.0M$22.1M10xas long as short
BloFin BNB-USDT+0.0241%8h807.24+0.211%$18.8M$2.6M75xas long as short
Bulk BNB-USDshort+0.0295%1h807.66+0.263%$652K$14K10x
Deribit BNB_USDC-PERPETUAL+0.0300%1h806.95+0.175%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.056%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h807.14+0.199%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h806.47+0.115%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0360%1h807.79+0.279%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0706%1h807.73+0.272%$3.0M$5.5M40xas long as short