BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.083%

Price spread now: dYdX against Coinbase International−0.045%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$820.817% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.524%+$52 on $10k

Price spread, last 4 days (all we have)+0.334%+$33 · spread now −0.045%, 7d avg +0.012%

Together, before fees+0.858%+$86 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.057% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.012%). If the spread goes back, that is −$6 on $10k: about 48 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.524% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	787.14	0.0120	pay 0.0015% / 1h	22m 19s	$548K	$1.9M	50x
Short	dYdX BNB-USD	786.78	0.0216	get 0.0027% / 1h	22m 19s	$158K	$65K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $20.15
Price spread: −0.045% → +0.012%: −$5.72
Slippage, 4 orders: −$61.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$67.25
Costs to cover: 0.817%
Break-even: 30.4 days

Slippage from Coinbase International: live order book, 1 min ago; dYdX: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 1 min ago	3.49 bp	9.0 bp −$9	15.0 bp −$150	doesn't fit	doesn't fit
Sell dYdX live order book, 12 min ago	12.64 bp	34.7 bp −$35	74.8 bp −$748	94.9 bp −$9,491	292.7 bp −$146.4K

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0166% / S +0.0337%	1h	786.72	−0.054%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.07	−0.009%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.00	−0.018%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	785.24	−0.242%	$3.0M	$27.1M	10x	as long as short
StandX BNB-USD	0.0000%	1h	786.15	−0.126%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.57	−0.072%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0018%	8h	787.65	+0.065%	$6.0M	$18.2M	200x	as long as short
BingX BNB-USDT	+0.0028%	8h	787.22	+0.010%	—	$22.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.280%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0035%	8h	788.90	+0.224%	$82.8M	$12.3M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0036%	8h	787.66	+0.066%	$489.0M	$805.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.05	−0.011%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.30	−0.107%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.51	+0.047%	$51.6M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.14	0.000%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.01	−0.017%	$138.6M	$72.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.90	−0.030%	$53.5M	$110.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.10	−0.005%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.10	−0.005%	$39.7M	$56.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.78	−0.046%	$27.8M	$9.9M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.84	−0.038%	$75.4M	$32.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.04	−0.013%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.60	−0.450%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.05	−0.266%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.89	−0.286%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.05	−0.011%	$132K	$922K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.23	+0.011%	$265K	$357K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.27	−0.365%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.45	+0.039%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.30	+0.020%	$387K	$940K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.44	−0.089%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.35	+0.027%	$78K	$47K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.80	−0.043%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.05	−0.012%	$378K	$110K	10x	as long as short
Phemex BNBUSDT	+0.0106%	8h	787.79	+0.083%	$68.6M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0109%	8h	787.30	+0.020%	$160K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0120%	1h	787.14	long leg	$548K	$1.9M	50x
Phoenix BNB	+0.0120%	1h	785.71	−0.182%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0141%	8h	787.11	−0.004%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.61	+0.060%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0200%	1h	784.80	−0.297%	$636K	$630	10x	as long as short
dYdX BNB-USDshort	+0.0216%	1h	786.78	−0.045%	$158K	$65K	10x
01 Exchange BNBUSD	+0.0232%	1h	787.43	+0.037%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	786.66	−0.061%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	787.27	+0.017%	$1.1M	$887K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	786.60	−0.069%	$67K	$39K	12x	as long as short