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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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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.

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 23:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h +0.013%
Price spread now: SoDEX against Derive−0.028%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. SoDEX is 0.028% cheaper against Derive than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 35 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive BNB-PERP805.130.0100pay 0.0013% / 1h35m 01s$32K$5K10x
ShortSoDEX BNB-USD804.900.0165get 0.0021% / 1h35m 01s$396K$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Derive. 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
$13.68
Price spread: −0.028% → 0.000%
−$2.81
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$3.14
Costs to cover
0.140%
Break-even
8.6 days
Slippage unknown: Derive: no order-book sample; SoDEX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample—————
Sell SoDEX live order book, 4 min ago0.62 bp4.6 bp −$58.5 bp −$8577.3 bp −$7,728doesn't fit
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h804.85−0.034%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.40+0.158%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.32+0.148%$3.0M$29.1M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.10−0.003%$114K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.76+0.079%$871K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.97−0.020%$9.8M—150xas long as short
Variational Omni BNB+0.0041%8h805.56+0.054%$4.1M$5.3M—as long as short
BingX BNB-USDT+0.0058%8h804.88−0.031%—$34.5M—as long as short
Bybit BNBUSDT+0.0083%8h804.00−0.140%$139.4M$81.3M75xas long as short
Lighter BNB+0.0096%1h805.08−0.005%$2.8M$4.2M20xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0096%1h804.75−0.047%$607K$881K50xas long as short
Nado BNB-PERP+0.0100%1h804.35−0.096%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h805.03−0.012%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.10−0.127%$55.0M$115.9M50xas long as short
Arcus BNB-USD+0.0100%1h805.50+0.046%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h804.55−0.072%$36.0M$57.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h804.57−0.069%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.88−0.155%$79.2M$25.3M75xas long as short
edgeX BNBUSDC+0.0100%4h806.66+0.190%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.65+0.189%$162K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.03−0.012%$115K$873K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h804.92−0.026%$389K$592K50xas long as short
Derive BNB-PERPlong+0.0100%1h805.13long leg$32K$5K10x
SunX BNB-USDT+0.0100%8h805.50+0.046%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h803.99−0.142%$8.2M$7.7M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h805.38+0.031%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.92−0.150%$1.9M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h805.09−0.005%$387K$40K10xas long as short
Aster BNBUSDT+0.0106%8h804.98−0.018%$6.4M$18.9M200xas long as short
Hibachi BNB/USDT-P+0.0112%1h806.23+0.138%$71K$48K12xas long as short
MEXC BNB_USDT+0.0122%8h805.90+0.096%$84.7M$13.4M200xas long as short
Binance BNBUSDT+0.0123%8h804.91−0.027%$519.1M$807.0M75xas long as short
Phemex BNBUSDT+0.0133%8h805.50+0.046%$70.3M$51.8M50xas long as short
Phoenix BNB+0.0155%1h806.28+0.143%$173K$35K10xas long as short
SoDEX BNB-USDshort+0.0165%1h804.90−0.028%$396K$1.0M10x
Deribit BNB_USDC-PERPETUAL+0.0200%1h805.39+0.033%$1.6M$165K25xas long as short
dYdX BNB-USD+0.0201%1h804.30−0.103%$162K$63K10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h804.75−0.047%$2.5M$939K50xas long as short
Hyperliquid BNB+0.0242%1h805.47+0.043%$52.1M$21.9M10xas long as short
BloFin BNB-USDT+0.0243%8h805.45+0.040%$18.8M$2.6M75xas long as short
Bulk BNB-USD+0.0295%1h807.66+0.315%$652K$14K10xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.005%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h805.38+0.031%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h804.85−0.034%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0352%1h805.84+0.089%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0686%1h805.80+0.084%$3.0M$5.5M40xas long as short