BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.034%

Price spread now: Arcus against gTrade (Gains Network)+0.066%7-day average +0.103% · 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−$295as in the Price arb table

costs, in and out, $10k−$2912.908% of the position

Long on gTrade (Gains Network)Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.135%+$13 on $10k

Price spread, last 3 days (all we have)+0.103%+$10 · spread now +0.066%, 7d avg +0.103%

Together, before fees+0.238%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.037% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.103%). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BNB/USD	804.97	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	35m 13s	$9.8M	—	150x
Short	Arcus BNB-USD	805.50	0.0100	get 0.0013% / 1h	35m 13s	$53K	$170K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ArcusbpOrdersPrice spread, now +0.066%Rate

Funding earned: $19.36
Price spread: +0.066% → +0.103%: −$3.73
Slippage, 4 orders: −$276.32
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$275.19
Costs to cover: 2.908%
Break-even: 106.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; Arcus: live order book, 48 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 gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2253.7 bp −$1.13M
Sell Arcus live order book, 48 min ago	6.20 bp	11.2 bp −$11	23.2 bp −$232	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 −0.0201% / S +0.0372%	1h	804.85	−0.014%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.40	+0.178%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	806.32	+0.168%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.10	+0.016%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	805.76	+0.098%	$871K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USDlong	L +0.0008% / S −0.0007%	1h	804.97	long leg	$9.8M	—	150x
Variational Omni BNB	+0.0041%	8h	805.56	+0.073%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0058%	8h	804.83	−0.017%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	804.50	−0.058%	$139.4M	$81.3M	75x	as long as short
Lighter BNB	+0.0096%	1h	805.08	+0.015%	$2.8M	$4.2M	20x	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-INTX	+0.0096%	1h	804.75	−0.027%	$607K	$881K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.35	−0.077%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.03	+0.008%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.70	−0.033%	$55.0M	$116.0M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	805.50	+0.066%	$53K	$170K	10x
Gate BNB_USDT	+0.0100%	8h	804.80	−0.021%	$36.0M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.57	−0.049%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.47	−0.062%	$79.2M	$25.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.66	+0.210%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.65	+0.209%	$162K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.03	+0.008%	$115K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.92	−0.006%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.13	+0.020%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.50	+0.065%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.99	−0.122%	$8.2M	$7.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.38	+0.051%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.52	−0.056%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.09	+0.015%	$387K	$40K	10x	as long as short
Aster BNBUSDT	+0.0106%	8h	805.55	+0.072%	$6.4M	$18.9M	200x	as long as short
Hibachi BNB/USDT-P	+0.0112%	1h	806.23	+0.157%	$71K	$48K	12x	as long as short
MEXC BNB_USDT	+0.0122%	8h	805.90	+0.116%	$84.7M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0123%	8h	805.45	+0.060%	$519.5M	$806.9M	75x	as long as short
Phemex BNBUSDT	+0.0133%	8h	805.50	+0.066%	$70.3M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	806.28	+0.163%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0165%	1h	804.90	−0.008%	$396K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	805.39	+0.053%	$1.6M	$165K	25x	as long as short
dYdX BNB-USD	+0.0201%	1h	804.30	−0.084%	$162K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	804.75	−0.027%	$2.5M	$939K	50x	as long as short
Hyperliquid BNB	+0.0242%	1h	806.08	+0.138%	$52.2M	$21.9M	10x	as long as short
BloFin BNB-USDT	+0.0243%	8h	805.45	+0.060%	$18.8M	$2.6M	75x	as long as short
Bulk BNB-USD	+0.0295%	1h	807.66	+0.334%	$652K	$14K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.015%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	805.38	+0.051%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	804.85	−0.014%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	805.84	+0.108%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0686%	1h	805.80	+0.103%	$3.0M	$5.5M	40x	as long as short