BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%

Price spread now: Coinbase International against Extended+0.203%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 3 days (all we have)−0.278%−$28 · spread now +0.203%, 7d avg +0.040%

Together, before fees−0.376%+ Points / potential airdropExtended: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.163% dearer against Extended than usual: you sell high and buy low (spread +0.203% now, against its 7-day average of +0.040%): +$16 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 34 days. At the pace of the last 7 days (−0.098% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BNB-USD	802.36	0.0104	pay 0.0013% / 1h	47m 07s	$1.9M	$6.1M	50x
Short	Coinbase International BNB-PERP-INTX	803.99	0.0088	get 0.0011% / 1h	47m 07s	$608K	$888K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.203%Rate

Funding earned: −$3.36
Price spread: +0.203% → +0.040%: $16.29
Slippage, 4 orders: −$11.14
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$13.21
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Coinbase International: live order book, 41 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	3.4 bp −$3	4.5 bp −$45	18.9 bp −$1,894	doesn't fit
Sell Coinbase International live order book, 41 min ago	3.05 bp	8.6 bp −$9	14.0 bp −$140	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 −0.0195% / S +0.0371%	1h	802.66	+0.037%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.06	+0.087%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.69	+0.041%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.20	+0.105%	$116K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.32	+0.119%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.76	+0.049%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.76	+0.049%	$2.5M	$909K	50x	as long as short
Variational Omni BNB	+0.0063%	8h	802.15	−0.026%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0068%	8h	802.76	+0.050%	—	$34.5M	—	as long as short
Aster BNBUSDT	+0.0086%	8h	803.27	+0.113%	$6.4M	$18.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTXshort	+0.0088%	1h	803.99	+0.203%	$608K	$888K	50x
Bybit BNBUSDT	+0.0094%	8h	802.02	−0.043%	$138.7M	$82.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.83	+0.059%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.43	+0.008%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.88	+0.065%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.60	+0.030%	$54.9M	$115.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.70	+0.042%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.45	+0.011%	$35.9M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.53	+0.021%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.35	−0.001%	$78.9M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.91	+0.069%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.32	+0.119%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.58	+0.027%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.73	+0.046%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.86	+0.062%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.29	+0.115%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.80	+0.055%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.20	+0.104%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.95	+0.073%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.45	+0.135%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0101%	8h	803.70	+0.167%	$84.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	803.30	+0.117%	$518.1M	$804.3M	75x	as long as short
Extended BNB-USDlong	+0.0104%	1h	802.36	long leg	$1.9M	$6.1M	50x
Aevo BNB-PERP	+0.0104%	1h	802.95	+0.074%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0121%	8h	803.22	+0.107%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	802.78	+0.052%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.136%	$649K	$11K	10x	as long as short
Hyperliquid BNB	+0.0163%	1h	803.35	+0.123%	$51.6M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.05	+0.086%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0209%	1h	802.35	−0.001%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.39	+0.128%	$18.8M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.53	+0.021%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.48	+0.139%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.43	+0.009%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.319%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0698%	1h	803.75	+0.173%	$3.0M	$5.3M	40x	as long as short