Funding you earn now, next payment 00:00 UTC+0.0201%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h +0.054%
Price spread now: Bulk against Extended+0.288%7-day average +0.154% · 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−$2as in the Price arb table
costs, in and out, $10k−$160.157% of the position
Funding, last 3 days (all we have)+0.241%+$24 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.288%, 7d avg +0.154%
=Together, before fees+0.082%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bulk is 0.134% dearer against Extended than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.154%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BNB-USD | 799.52 | 0.0104 | pay 0.0013% / 1h | 32m 22s | $1.8M | $6.5M | 50x |
| Short | Bulk BNB-USD | 801.82 | 0.0305 | get 0.0038% / 1h | 32m 22s | $651K | $20K | 10x |
Extended BNB-USD
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $42.19
- Price spread: +0.288% → +0.154%
- $13.42
- Slippage, 4 orders
- −$3.65
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $39.95
- Costs to cover
- 0.157%
- Break-even
- 0.4 days
Slippage from Extended: live order book, 2 min ago; Bulk: live order book, 47 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 Extended live order book, 2 min ago | 0.06 bp | 2.8 bp −$3 | 3.7 bp −$37 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 47 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 | 799.88 | +0.046% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 800.08 | +0.070% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 799.70 | +0.023% | $2.5M | $972K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.99 | +0.184% | $3.0M | $28.0M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 800.76 | +0.155% | $865K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.89 | +0.046% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0021% | 8h | 799.96 | +0.055% | $4.1M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0045% | 8h | 799.97 | +0.057% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0049% | 8h | 799.50 | −0.002% | $138.7M | $77.8M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 800.72 | +0.150% | $607K | $994K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0095% | 8h | 800.56 | +0.130% | $6.3M | $19.0M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 800.12 | +0.075% | $2.8M | $4.1M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 799.66 | +0.018% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 800.09 | +0.072% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.60 | +0.010% | $54.5M | $113.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 800.40 | +0.110% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 799.65 | +0.017% | $35.8M | $57.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.81 | +0.037% | $28.0M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.46 | −0.007% | $79.3M | $27.4M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 801.06 | +0.193% | $4.2M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 801.03 | +0.189% | $161K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.87 | +0.044% | $117K | $875K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.79 | +0.034% | $386K | $497K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 800.05 | +0.067% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 800.44 | +0.116% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 800.10 | +0.073% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 800.40 | +0.110% | $8.2M | $8.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 800.43 | +0.115% | $78K | $19K | 50x | as long as short |
| Extended BNB-USDlong | +0.0104% | 1h | 799.52 | long leg | $1.8M | $6.5M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 799.93 | +0.052% | $384K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0112% | 8h | 800.53 | +0.127% | $69.9M | $50.7M | 50x | as long as short |
| Binance BNBUSDT | +0.0116% | 8h | 800.41 | +0.112% | $499.8M | $816.3M | 75x | as long as short |
| MEXC BNB_USDT | +0.0116% | 8h | 800.80 | +0.160% | $83.1M | $13.5M | 200x | as long as short |
| Kalshi KXBNBPERP | +0.0116% | 8h | 800.40 | +0.110% | $110K | $2.9M | 4.8x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 800.57 | +0.132% | $172K | $36K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0184% | 1h | 800.06 | +0.067% | $70K | $44K | 12x | as long as short |
| Hyperliquid BNB | +0.0187% | 1h | 800.51 | +0.124% | $51.9M | $21.1M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 800.38 | +0.108% | $1.6M | $165K | 25x | as long as short |
| BloFin BNB-USDT | +0.0237% | 8h | 800.43 | +0.114% | $18.2M | $2.5M | 75x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 800.21 | +0.086% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USDshort | +0.0305% | 1h | 801.82 | +0.288% | $651K | $20K | 10x | |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.697% | $19K | $789K | 30x | as long as short |
| 01 Exchange BNBUSD | +0.0312% | 1h | 800.68 | +0.145% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 799.42 | −0.012% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0395% | 1h | 800.10 | +0.073% | $161K | $62K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0412% | 1h | 800.61 | +0.137% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Aevo BNB-PERP
Phemex BNBUSDT
Binance BNBUSDT
MEXC BNB_USDT
Kalshi KXBNBPERP
Phoenix BNB
Hibachi BNB/USDT-P
Hyperliquid BNB
Deribit BNB_USDC-PERPETUAL
BloFin BNB-USDT
RISEx BNB/USDC
Injective BNB/USDC PERP
01 Exchange BNBUSD
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP