BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0087%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.094%

Price spread now: Coinbase International against dYdX+0.033%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$680.678% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.528%−$53 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.033%, 7d avg −0.015%

Together, before fees−0.672%−$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.048% dearer against dYdX than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.015%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours. At the pace of the last 7 days (−0.528% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	784.36	0.0167	pay 0.0021% / 1h	22m 37s	$159K	$62K	10x
Short	Coinbase International BNB-PERP-INTX	784.62	0.0080	get 0.0010% / 1h	22m 37s	$567K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$18.32
Price spread: +0.033% → −0.015%: $4.78
Slippage, 4 orders: −$47.79
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$81.33
Costs to cover: 0.678%
Break-even: never at this rate

Slippage from dYdX: live order book, 26 min ago; Coinbase International: live order book, 1 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, 26 min ago	11.80 bp	26.3 bp −$26	147.9 bp −$1,479	224.5 bp −$22.5K	443.5 bp −$221.8K
Sell Coinbase International live order book, 1 min ago	2.17 bp	7.5 bp −$8	13.8 bp −$138	doesn't fit	doesn't fit

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 −0.0192% / S +0.0356%	1h	784.16	−0.026%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.08	+0.092%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.20	+0.107%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.30	−0.007%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	785.74	+0.176%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.643%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0042%	8h	785.12	+0.097%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0051%	8h	785.01	+0.083%	$68.7M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0057%	8h	785.80	+0.184%	$80.3M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0058%	8h	785.86	+0.191%	$489.7M	$811.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	784.31	−0.006%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTXshort	+0.0080%	1h	784.62	+0.033%	$567K	$1.9M	50x
Lighter BNB	+0.0096%	1h	784.89	+0.067%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.42	+0.008%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.30	−0.007%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.22	+0.110%	$51.4M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.07	+0.090%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.30	+0.120%	$137.9M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.20	+0.107%	$53.3M	$112.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.20	+0.107%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.05	+0.088%	$36.5M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.30	−0.007%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.76	+0.051%	$75.9M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.97	+0.078%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.72	−0.081%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.31	−0.006%	$4.1M	$75.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.92	+0.072%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.28	−0.010%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.51	+0.019%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.95	+0.075%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.69	+0.042%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.15	+0.101%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.69	+0.042%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.49	+0.016%	$377K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0105%	1h	784.50	+0.018%	$386K	$993K	10x	as long as short
Phoenix BNB	+0.0107%	1h	784.35	−0.001%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0149%	8h	785.10	+0.094%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USDlong	+0.0167%	1h	784.36	long leg	$159K	$62K	10x
BloFin BNB-USDT	+0.0177%	8h	785.15	+0.101%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0210%	8h	785.65	+0.165%	$2.9M	$29.2M	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	785.92	+0.199%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	784.84	+0.061%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.15	−0.026%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	+0.132%	$637K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.35	+0.126%	$1.1M	$903K	20x	as long as short
Hibachi BNB/USDT-P	+0.0512%	1h	784.74	+0.048%	$67K	$39K	12x	as long as short