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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h −0.077%
Price spread now: MEXC against dYdX+0.147%7-day average +0.170% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Long on dYdXShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.479%−$48 on $10k
Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.147%, 7d avg +0.170%
Together, before fees−0.429%−$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.023% cheaper against dYdX than usual: you would sell low and buy high (spread +0.147% now, against its 7-day average of +0.170%). If the spread goes back, that is −$2 on $10k: about 2.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.479%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BNB-USD786.340.0008pay 0.0001% / 1h56m 20s$159K$62K10x
ShortMEXC BNB_USDT787.500.0045get 0.0045% / 8h7h 56m$81.2M$12.0M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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

Funding earned
$7.77
Price spread: +0.147% → +0.170%
−$2.28
Slippage, 4 orders
−$29.05
Fee dYdX: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$37.56
Costs to cover
0.430%
Break-even
40.8 days
Slippage from dYdX: live order book, 43 min ago; MEXC: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 43 min ago10.36 bp15.4 bp −$1524.5 bp −$24538.6 bp −$3,856249.0 bp −$124.5K
Sell MEXC live order book, 3 min ago0.63 bp4.0 bp −$46.8 bp −$6822.7 bp −$2,26738.0 bp −$19.0K

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 −0.0168% / S +0.0337%1h786.06−0.036%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h785.77−0.073%$4K—25xas long as short
Kraken Futures PF_BNBUSD−0.0021%1h786.23−0.015%$2.5M$1.2M50xas long as short
StandX BNB-USD0.0000%1h786.69+0.044%$848K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.07−0.034%$9.5M—150xas long as short
dYdX BNB-USDlong+0.0008%1h786.34long leg$159K$62K10x
Phemex BNBUSDT+0.0024%8h786.84+0.063%$68.6M$51.1M50xas long as short
Aster BNBUSDT+0.0030%8h786.81+0.060%$6.0M$18.6M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.384%$19K$789K30xas long as short
BingX BNB-USDT+0.0037%8h786.46+0.015%—$22.1M—as long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDTshort+0.0045%8h787.50+0.147%$81.2M$12.0M200x
Binance BNBUSDT+0.0046%8h786.71+0.047%$489.3M$812.9M75xas long as short
Lighter BNB+0.0096%1h786.56+0.028%$2.7M$3.6M20xas long as short
Phoenix BNB+0.0100%1h785.66−0.087%$158K$38K10xas long as short
Nado BNB-PERP+0.0100%1h786.30−0.005%$1.4M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h786.67+0.042%$51.6M$17.6M10xas long as short
Pacifica BNB+0.0100%1h786.65+0.039%$1.2M$937K20xas long as short
Bybit BNBUSDT+0.0100%8h786.00−0.044%$138.4M$73.4M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.00−0.044%$53.5M$111.6M50xas long as short
Arcus BNB-USD+0.0100%1h786.50+0.020%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h786.25−0.012%$39.0M$55.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.06−0.036%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h785.90−0.056%$75.4M$32.6M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.68+0.043%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h784.64−0.216%$4.0M$4.7M—as long as short
edgeX BNBUSDC+0.0100%4h785.31−0.131%$4.1M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h785.42−0.117%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.45+0.014%$131K$942K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.23−0.014%$264K$358K50xas long as short
Derive BNB-PERP+0.0100%1h786.49+0.019%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h786.81+0.059%$13K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.40+0.007%$387K$954K10xas long as short
HTX BNB-USDT+0.0100%8h786.12−0.028%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h786.85+0.065%$78K$17K50xas long as short
Extended BNB-USD+0.0104%1h786.00−0.044%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h786.16−0.024%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0106%8h786.90+0.071%$171K$2.6M4.8xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h785.84−0.064%$547K$1.9M50xas long as short
BloFin BNB-USDT+0.0166%8h786.83+0.062%$17.7M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0185%8h785.57−0.098%$2.9M$27.5M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h786.75+0.052%$1.5M$141K25xas long as short
Bulk BNB-USD+0.0208%1h785.85−0.062%$637K$83110xas long as short
01 Exchange BNBUSD+0.0232%1h787.01+0.085%$28K$3K10xas long as short
Reya BNBRUSDPERP+0.0320%1h786.01−0.043%$6K$3K40xas long as short
RISEx BNB/USDC+0.0355%1h786.70+0.046%$1.1M$911K20xas long as short
Hibachi BNB/USDT-P+0.0432%1h786.20−0.018%$67K$39K12xas long as short