Settings8H · net · $10k
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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h 0.000%
Price spread now: Phemex against Coinbase International+0.564%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs+$15as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Long on Coinbase InternationalShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 3 days (all we have)−0.446%−$45 · spread now +0.564%, 7d avg +0.084%
Together, before fees−0.433%−$43 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.479% dearer against Coinbase International than usual: you sell high and buy low (spread +0.564% now, against its 7-day average of +0.084%): +$48 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International BNB-PERP-INTX791.170.0056pay 0.0007% / 1h26m 52s$607K$1.1M50x
ShortPhemex BNBUSDT795.630.0044get 0.0044% / 8h6h 26m$69.6M$50.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
−$2.53
Price spread: +0.564% → +0.084%
$47.94
Slippage, 4 orders
−$10.72
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
$12.69
Costs to cover
0.327%
Break-even
from the start
Slippage from Coinbase International: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago3.14 bp9.5 bp −$1014.3 bp −$143doesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago0.82 bp6.8 bp −$76.8 bp −$6810.4 bp −$1,043doesn't fit

BNB on 45 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%1h795.24+0.514%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0131%1h794.95+0.478%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h795.75+0.579%$4K$23925xas long as short
StandX BNB-USD0.0000%1h795.55+0.554%$860K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h795.29+0.521%$9.7M—150xas long as short
Variational Omni BNB+0.0025%8h793.33+0.273%$4.1M$4.9M—as long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.759%$19K$789K30xas long as short
Aster BNBUSDT+0.0038%8h795.73+0.576%$6.1M$19.7M200xas long as short
Gate BNB_USDT+0.0042%8h795.10+0.497%$35.3M$56.1M75xas long as short
Phemex BNBUSDTshort+0.0044%8h795.63+0.564%$69.6M$50.8M50x
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BNB-USDT+0.0050%8h795.30+0.522%—$34.9M—as long as short
Coinbase International BNB-PERP-INTXlong+0.0056%1h791.17long leg$607K$1.1M50x
GRVT BNB_USDT_Perp+0.0059%8h795.02+0.487%$3.0M$28.4M10xas long as short
MEXC BNB_USDT+0.0064%8h795.90+0.598%$82.5M$12.8M200xas long as short
Binance BNBUSDT+0.0064%8h795.78+0.583%$495.1M$811.1M75xas long as short
dYdX BNB-USD+0.0064%1h795.36+0.530%$161K$63K10xas long as short
Phoenix BNB+0.0088%1h795.15+0.503%$171K$36K10xas long as short
Lighter BNB+0.0096%1h795.20+0.509%$2.8M$4.0M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h795.14+0.502%$384K$409K50xas long as short
Nado BNB-PERP+0.0100%1h795.30+0.522%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h795.67+0.569%$52.1M$19.8M10xas long as short
Pacifica BNB+0.0100%1h795.68+0.570%$1.2M$925K20xas long as short
Bybit BNBUSDT+0.0100%8h795.29+0.521%$139.1M$75.8M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h795.10+0.497%$53.3M$110.6M50xas long as short
Arcus BNB-USD+0.0100%1h795.60+0.560%$52K$134K10xas long as short
KuCoin BNBUSDTM+0.0100%8h794.92+0.474%$27.7M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h794.93+0.475%$77.4M$28.2M75xas long as short
edgeX BNBUSDC+0.0100%4h795.11+0.497%$4.1M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h794.74+0.451%$160K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h795.35+0.528%$111K$886K10xas long as short
Derive BNB-PERP+0.0100%1h795.36+0.530%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h795.80+0.585%$12K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h795.20+0.509%$391K$996K10xas long as short
HTX BNB-USDT+0.0100%8h794.97+0.481%$8.2M$8.8M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h795.81+0.586%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h794.84+0.464%$1.7M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h795.25+0.516%$382K$110K10xas long as short
RISEx BNB/USDC+0.0131%1h795.69+0.571%$1.1M$1.2M20xas long as short
Kalshi KXBNBPERP+0.0159%8h795.60+0.560%$112K$2.7M4.8xas long as short
Bulk BNB-USD+0.0175%1h792.60+0.181%$642K$16K10xas long as short
01 Exchange BNBUSD+0.0256%1h795.93+0.602%$28K$2K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h795.67+0.568%$1.6M$160K25xas long as short
Reya BNBRUSDPERP+0.0329%1h795.10+0.497%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0391%1h795.85+0.592%$2.7M$5.7M40xas long as short
Hibachi BNB/USDT-P+0.0536%1h795.00+0.484%$68K$38K12xas long as short