BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.044%

Price spread now: Bulk against Deribit+0.226%7-day average +0.057% · 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−$8as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Deribit Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.207%+$21 on $10k

Price spread, last 3 days (all we have)+0.109%+$11 · spread now +0.226%, 7d avg +0.057%

Together, before fees+0.316%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bulk is 0.169% dearer against Deribit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BNB_USDC-PERPETUAL	803.27	0.0100	pay 0.0013% / 1h	54m 20s	$1.6M	$162K	25x
Short	Bulk BNB-USD	805.09	0.0140	get 0.0018% / 1h	54m 20s	$650K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Deribit. 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 DeribitbpFee BulkbpOrdersPrice spread, now +0.226%Rate

Funding earned: $8.42
Price spread: +0.226% → +0.057%: $16.9
Slippage, 4 orders: −$10.86
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $0.46
Costs to cover: 0.249%
Break-even: 6.6 days

Slippage from Deribit: live order book, 5 min ago; Bulk: live order book, 34 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 Deribit live order book, 5 min ago	2.55 bp	6.3 bp −$6	179.4 bp −$1,794	doesn't fit	doesn't fit
Sell Bulk live order book, 34 min ago	0.31 bp	3.9 bp −$4	4.8 bp −$48	10.1 bp −$1,012	20.1 bp −$10.0K

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 −0.0195% / S +0.0371%	1h	802.76	−0.064%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.95	−0.040%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.31	+0.130%	$3.0M	$30.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.30	+0.128%	$110K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.92	+0.081%	$869K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.73	−0.067%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.88	−0.048%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0068%	8h	803.35	+0.010%	$4.1M	$5.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.090%	$608K	$899K	50x	as long as short
Aster BNBUSDT	+0.0089%	8h	802.92	−0.043%	$6.3M	$18.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	803.55	+0.035%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.24	−0.128%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.26	−0.001%	$1.2M	$923K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	802.50	−0.096%	$139.0M	$83.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.60	−0.083%	$54.9M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.70	−0.071%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.55	−0.089%	$35.9M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.23	−0.129%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.33	−0.117%	$79.0M	$24.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.49	+0.153%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.95	+0.085%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.26	−0.125%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.72	−0.068%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.86	−0.050%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.91	+0.079%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.80	−0.058%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUALlong	+0.0100%	1h	803.27	long leg	$1.6M	$162K	25x
HTX BNB-USDT	+0.0100%	8h	802.81	−0.058%	$8.2M	$7.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.32	+0.006%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.60	+0.041%	$84.3M	$13.5M	200x	as long as short
BingX BNB-USDC	+0.0102%	8h	803.52	+0.031%	—	$13.3M	—	as long as short
Binance BNBUSDT	+0.0102%	8h	803.28	+0.001%	$518.1M	$807.5M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.32	−0.118%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.73	−0.066%	$386K	$40K	10x	as long as short
Phoenix BNB	+0.0110%	1h	805.11	+0.229%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0121%	8h	803.43	+0.020%	$70.1M	$51.8M	50x	as long as short
Bulk BNB-USDshort	+0.0140%	1h	805.09	+0.226%	$650K	$11K	10x
Hyperliquid BNB	+0.0181%	1h	803.02	−0.031%	$51.6M	$21.3M	10x	as long as short
dYdX BNB-USD	+0.0195%	1h	803.01	−0.032%	$170K	$55K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	802.82	−0.056%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0222%	8h	804.78	+0.188%	$18.9M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	803.60	+0.041%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	804.35	+0.135%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.10	−0.146%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.206%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0656%	1h	805.34	+0.258%	$3.0M	$5.3M	40x	as long as short