BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h +0.011%

Price spread now: SoDEX against Coinbase International+0.013%7-day average +0.028% · 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−$25as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.082%+$8 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.013%, 7d avg +0.028%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, 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 4 days funding on this pair paid +0.082%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	788.70	0.0120	pay 0.0015% / 1h	10m 54s	$551K	$2.0M	50x
Short	SoDEX BNB-USD	788.80	0.0100	get 0.0013% / 1h	10m 54s	$388K	$939K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$4.2
Price spread: +0.013% → +0.028%: −$1.57
Slippage, 4 orders: −$5.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$28.82
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; SoDEX: live order book, 33 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, 3 min ago	1.40 bp	7.4 bp −$7	14.2 bp −$142	doesn't fit	doesn't fit
Sell SoDEX live order book, 33 min ago	0.64 bp	4.6 bp −$5	8.3 bp −$83	75.7 bp −$7,574	doesn't fit

BNB on 45 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 +0.0336%	1h	788.53	−0.021%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.11	−0.075%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	788.68	−0.003%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.94	+0.030%	$3.0M	$26.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	788.85	+0.019%	$851K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.53	−0.021%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0014%	8h	789.20	+0.063%	$6.0M	$17.9M	200x	as long as short
BingX BNB-USDC	+0.0028%	8h	788.67	−0.004%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0033%	8h	789.06	+0.046%	$485.8M	$799.9M	75x	as long as short
MEXC BNB_USDT	+0.0033%	8h	790.40	+0.216%	$82.9M	$12.4M	200x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.078%	$19K	$789K	30x	as long as short
Lighter BNB	+0.0096%	1h	788.77	+0.009%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.45	−0.032%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.47	+0.098%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.97	+0.034%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.20	−0.063%	$138.9M	$71.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.20	−0.063%	$53.7M	$108.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.90	+0.025%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.70	0.000%	$39.9M	$56.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.25	−0.057%	$27.9M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.18	−0.066%	$75.8M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.22	+0.066%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.74	+0.005%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.02	+0.041%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.10	−0.076%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.33	−0.047%	$130K	$917K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.57	−0.016%	$265K	$304K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.14	+0.056%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	788.80	+0.013%	$388K	$939K	10x
HTX BNB-USDT	+0.0100%	8h	788.88	+0.023%	$8.1M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.18	+0.061%	$78K	$47K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.20	−0.063%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.61	−0.011%	$379K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0106%	8h	788.90	+0.025%	$159K	$2.6M	4.8x	as long as short
Phemex BNBUSDT	+0.0115%	8h	789.17	+0.060%	$68.7M	$51.4M	50x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0120%	1h	788.70	long leg	$551K	$2.0M	50x
Phoenix BNB	+0.0120%	1h	789.48	+0.099%	$159K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0130%	8h	789.18	+0.061%	$17.7M	$2.3M	75x	as long as short
Bulk BNB-USD	+0.0154%	1h	788.26	−0.056%	$639K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.06	+0.046%	$1.5M	$138K	25x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.12	+0.053%	$28K	$3K	10x	as long as short
dYdX BNB-USD	+0.0243%	1h	788.17	−0.067%	$158K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	788.30	−0.051%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	788.95	+0.032%	$1.1M	$888K	20x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	788.36	−0.043%	$67K	$39K	12x	as long as short