BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0119%/8h= +13.0% APRnext payment +$1.19 per $10,000 · paid last 24h +0.035%

Price spread now: Binance against GRVT+0.064%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.064%, 7d avg −0.012%

Together, before fees−0.100%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.076% dearer against GRVT than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BNB_USDT_Perp	801.96	0	get 0.0000% / 8h	1h 23m	$3.0M	$29.6M	10x
Short	Binance BNBUSDT	802.48	0.0119	get 0.0119% / 8h	1h 23m	$504.3M	$828.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now +0.064%Rate

Funding earned: $24.92
Price spread: +0.064% → −0.012%: $7.59
Slippage, 4 orders: −$0.37
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $13.14
Costs to cover: 0.194%
Break-even: 3.3 days

Slippage from GRVT: live order book, 6 min ago; Binance: live order book, 6 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 GRVT live order book, 6 min ago	0.06 bp	4.7 bp −$5	6.7 bp −$67	23.2 bp −$2,323	doesn't fit
Sell Binance live order book, 6 min ago	0.06 bp	5.1 bp −$5	8.0 bp −$80	22.5 bp −$2,249	32.1 bp −$16.0K

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	801.75	−0.027%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.06	+0.012%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perplong	0.0000%	8h	801.96	long leg	$3.0M	$29.6M	10x
Kalshi KXBNBPERP	0.0000%	8h	802.50	+0.067%	$158K	$2.9M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.56	+0.074%	$867K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.77	−0.024%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0039%	8h	800.35	−0.201%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0065%	8h	801.89	−0.009%	—	$35.0M	—	as long as short
Bybit BNBUSDT	+0.0076%	8h	801.50	−0.058%	$139.6M	$83.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.16	+0.024%	$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	801.17	−0.099%	$610K	$1.0M	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	802.36	+0.049%	$6.3M	$19.2M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.13	−0.104%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.64	−0.041%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.60	−0.045%	$54.8M	$117.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.10	+0.017%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.55	−0.052%	$35.8M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.69	−0.034%	$28.0M	$10.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.56	−0.050%	$81.0M	$26.9M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.76	−0.025%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.51	−0.057%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.82	−0.018%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.74	−0.028%	$387K	$568K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.98	+0.002%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.00	+0.004%	$12K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.53	−0.054%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.98	+0.002%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	801.41	−0.070%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.87	−0.011%	$385K	$40K	10x	as long as short
SoDEX BNB-USD	+0.0111%	1h	802.00	+0.005%	$394K	$1.0M	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	802.80	+0.104%	$83.5M	$13.8M	200x	as long as short
Binance BNBUSDTshort	+0.0119%	8h	802.48	+0.064%	$504.3M	$828.8M	75x
Phemex BNBUSDT	+0.0122%	8h	802.36	+0.049%	$70.1M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	802.16	+0.024%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	801.82	−0.018%	$71K	$48K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	802.30	+0.042%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	801.81	−0.019%	$2.6M	$983K	50x	as long as short
dYdX BNB-USD	+0.0232%	1h	801.98	+0.002%	$162K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0239%	8h	802.48	+0.064%	$18.3M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0303%	1h	802.78	+0.102%	$51.9M	$21.9M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.390%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	801.92	−0.005%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	802.49	+0.066%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	801.49	−0.060%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0354%	1h	801.59	−0.047%	$651K	$21K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0633%	1h	802.37	+0.051%	$2.7M	$5.7M	40x	as long as short