BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.049%

Price spread now: Bulk against dYdX+0.089%7-day average +0.097% · 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−$48as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on dYdX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.089%, 7d avg +0.097%

Together, before fees−0.160%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.097%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	799.32	0.0389	pay 0.0049% / 1h	28m 51s	$161K	$62K	10x
Short	Bulk BNB-USD	800.03	0.0239	get 0.0030% / 1h	28m 51s	$650K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against dYdX. 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 dYdXbpFee BulkbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$31.41
Price spread: +0.089% → +0.097%: −$0.82
Slippage, 4 orders: −$29.85
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$79.08
Costs to cover: 0.468%
Break-even: never at this rate

Slippage from dYdX: live order book, 50 min ago; Bulk: live order book, 50 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 dYdX live order book, 50 min ago	14.76 bp	19.8 bp −$20	19.8 bp −$198	24.5 bp −$2,453	132.9 bp −$66.5K
Sell Bulk live order book, 50 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	6.2 bp −$620	16.1 bp −$8,052

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 −0.0201% / S +0.0372%	1h	799.44	+0.015%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.77	+0.056%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.29	−0.004%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.28	+0.120%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.20	+0.110%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.50	+0.023%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0017%	8h	799.36	+0.005%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0041%	8h	799.48	+0.020%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0048%	8h	798.80	−0.065%	$138.6M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.071%	$606K	$992K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0092%	8h	799.84	+0.065%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.43	+0.014%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.07	−0.032%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.57	+0.031%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.90	−0.053%	$54.4M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.70	+0.048%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.15	−0.021%	$35.8M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.17	−0.019%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.03	−0.036%	$79.2M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.41	+0.137%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.53	+0.151%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.25	−0.009%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.59	+0.034%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.80	+0.059%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.16	+0.105%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	+0.048%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.39	+0.009%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.01	+0.086%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.82	−0.063%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.84	+0.065%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	799.79	+0.059%	$69.9M	$50.6M	50x	as long as short
Binance BNBUSDT	+0.0113%	8h	799.66	+0.042%	$499.3M	$815.9M	75x	as long as short
MEXC BNB_USDT	+0.0115%	8h	800.30	+0.123%	$83.1M	$13.5M	200x	as long as short
Kalshi KXBNBPERP	+0.0120%	8h	800.00	+0.085%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.12	+0.100%	$172K	$36K	10x	as long as short
Hyperliquid BNB	+0.0181%	1h	799.86	+0.068%	$51.8M	$21.1M	10x	as long as short
Hibachi BNB/USDT-P	+0.0184%	1h	799.67	+0.044%	$70K	$44K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.03	+0.088%	$1.6M	$165K	25x	as long as short
BloFin BNB-USDT	+0.0234%	8h	799.80	+0.060%	$18.2M	$2.5M	75x	as long as short
Bulk BNB-USDshort	+0.0239%	1h	800.03	+0.089%	$650K	$19K	10x
RISEx BNB/USDC	+0.0258%	1h	799.52	+0.025%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	800.03	+0.089%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.722%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.95	−0.046%	$6K	$3K	40x	as long as short
dYdX BNB-USDlong	+0.0389%	1h	799.32	long leg	$161K	$62K	10x
Backpack BNB_USDC_PERP	+0.0406%	1h	800.05	+0.091%	$2.7M	$5.7M	40x	as long as short