BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.18 per $10,000 · paid last 24h −0.097%

Price spread now: SoDEX against dYdX−0.061%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on dYdX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.320%−$32 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.061%, 7d avg +0.020%

Together, before fees−0.261%−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.081% cheaper against dYdX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	798.89	0.0248	pay 0.0031% / 1h	56m 08s	$161K	$63K	10x
Short	SoDEX BNB-USD	798.40	0.0100	get 0.0013% / 1h	56m 08s	$393K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$31.01
Price spread: −0.061% → +0.020%: −$8.09
Slippage, 4 orders: −$29.95
Fee dYdX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$87.04
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from dYdX: live order book, 18 min ago; SoDEX: live order book, 3 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, 18 min ago	9.69 bp	16.2 bp −$16	22.8 bp −$228	30.3 bp −$3,031	97.5 bp −$48.7K
Sell SoDEX live order book, 3 min ago	0.63 bp	5.0 bp −$5	8.8 bp −$88	77.8 bp −$7,784	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 −0.0201% / S +0.0372%	1h	798.05	−0.105%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.28	−0.076%	$2.5M	$977K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.88	−0.001%	$4K	$239	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.73	+0.105%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.47	+0.073%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	798.75	−0.017%	$69.9M	$50.7M	50x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.10	−0.098%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	798.14	−0.093%	$4.1M	$5.4M	—	as long as short
Gate BNB_USDT	+0.0021%	8h	798.10	−0.099%	$35.7M	$55.6M	75x	as long as short
Bybit BNBUSDT	+0.0027%	8h	798.19	−0.087%	$138.6M	$76.9M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.776%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.68	−0.026%	$602K	$985K	50x	as long as short
Aster BNBUSDT	+0.0074%	8h	798.70	−0.023%	$6.2M	$19.3M	200x	as long as short
BingX BNB-USDT	+0.0077%	8h	798.35	−0.067%	—	$35.2M	—	as long as short
Binance BNBUSDT	+0.0094%	8h	798.85	−0.005%	$497.0M	$818.2M	75x	as long as short
MEXC BNB_USDT	+0.0095%	8h	799.10	+0.027%	$83.0M	$13.5M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.42	−0.059%	$2.8M	$4.0M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.95	−0.117%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.79	−0.012%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.20	−0.086%	$54.3M	$112.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.80	−0.011%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.99	−0.112%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.08	−0.101%	$78.8M	$27.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.62	+0.092%	$4.2M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.37	+0.060%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.17	−0.090%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.06	−0.104%	$386K	$487K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.23	−0.083%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.68	−0.027%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	798.40	−0.061%	$393K	$1.0M	10x
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.48	−0.051%	$1.6M	$160K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.39	−0.062%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.22	+0.041%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.70	−0.149%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.46	−0.054%	$384K	$64K	10x	as long as short
Phoenix BNB	+0.0127%	1h	799.98	+0.137%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	799.05	+0.020%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	799.00	+0.014%	$90K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.61	−0.035%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0158%	1h	799.24	+0.044%	$649K	$14K	10x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	798.90	+0.001%	$28K	$1K	10x	as long as short
BloFin BNB-USDT	+0.0215%	8h	799.13	+0.030%	$18.1M	$2.5M	75x	as long as short
dYdX BNB-USDlong	+0.0248%	1h	798.89	long leg	$161K	$63K	10x
Hyperliquid BNB	+0.0289%	1h	799.19	+0.038%	$52.5M	$20.8M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0299%	1h	799.08	+0.024%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.72	−0.146%	$6K	$3K	40x	as long as short