Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.56 per $10,000 · paid last 24h +0.026%
Price spread now: BingX against GRVT−0.181%69s7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 7 days+0.142%+$14 · spread now −0.181%, 7d avg −0.107%
=Together, before fees+0.125%+ Points / potential airdropGRVT: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.074% cheaper against GRVT than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of −0.107%). If the spread goes back, that is −$7 on $10k: about 4.4 days of funding at the current rate (+$2 a day). The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BNB_USDT_Perp | 806.78 | 0 | get 0.0000% / 8h | 1h 50m | $3.0M | $29.4M | 10x |
| Short | BingX BNB-USDC | 805.32 | 0.0056 | get 0.0056% / 8h | 1h 50m | — | $13.3M | — |
GRVT BNB_USDT_Perp
BingX BNB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against GRVT. 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
- $11.76
- Price spread: −0.181% → −0.107%
- −$7.43
- Slippage, 4 orders
- −$3.98
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$18.65
- Costs to cover
- 0.230%
- Break-even
- 18.1 days
Slippage from GRVT: live order book, 4 min ago; BingX: 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 GRVT live order book, 4 min ago | 0.06 bp | 4.6 bp −$5 | 6.1 bp −$61 | 22.3 bp −$2,231 | doesn't fit |
| Sell BingX live order book, 3 min ago | 0.31 bp | 7.3 bp −$7 | 9.6 bp −$96 | 17.6 bp −$1,761 | 63.2 bp −$31.6K |
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 | 804.95 | −0.227% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 805.98 | −0.099% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perplong | 0.0000% | 8h | 806.78 | long leg | $3.0M | $29.4M | 10x | |
| Kalshi KXBNBPERP | 0.0000% | 8h | 805.60 | −0.146% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.94 | −0.228% | $870K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 804.97 | −0.224% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0047% | 8h | 804.38 | −0.297% | $4.1M | $5.3M | — | as long as short |
| Hibachi BNB/USDT-P | +0.0048% | 1h | 805.11 | −0.208% | $71K | $48K | 12x | as long as short |
| BingX BNB-USDCshort | +0.0056% | 8h | 805.32 | −0.181% | — | $13.3M | — | |
| Bybit BNBUSDT | +0.0083% | 8h | 804.61 | −0.269% | $139.3M | $81.9M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
Hibachi BNB/USDT-P
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 805.78 | −0.124% | $2.8M | $4.2M | 20x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 805.76 | −0.127% | $608K | $882K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 805.05 | −0.215% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 805.54 | −0.154% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 804.80 | −0.246% | $55.1M | $116.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 805.70 | −0.134% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 804.90 | −0.233% | $36.2M | $57.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 805.35 | −0.177% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 804.62 | −0.268% | $78.7M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.71 | −0.133% | $4.2M | $76.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.60 | −0.146% | $162K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.08 | −0.211% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 805.05 | −0.215% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.30 | −0.183% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 805.23 | −0.193% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 804.83 | −0.242% | $8.2M | $7.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.18 | −0.075% | $79K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0102% | 8h | 805.92 | −0.107% | $6.4M | $18.8M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 804.62 | −0.268% | $1.9M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 805.22 | −0.193% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0117% | 8h | 806.10 | −0.084% | $84.6M | $13.3M | 200x | as long as short |
| Binance BNBUSDT | +0.0118% | 8h | 805.55 | −0.153% | $520.5M | $805.4M | 75x | as long as short |
| Phemex BNBUSDT | +0.0137% | 8h | 805.59 | −0.148% | $70.3M | $51.9M | 50x | as long as short |
| Hyperliquid BNB | +0.0148% | 1h | 805.81 | −0.120% | $51.8M | $22.0M | 10x | as long as short |
| SoDEX BNB-USD | +0.0154% | 1h | 805.20 | −0.196% | $396K | $1.0M | 10x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 805.39 | −0.172% | $173K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0173% | 1h | 805.13 | −0.205% | $162K | $63K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 805.03 | −0.217% | $2.5M | $932K | 50x | as long as short |
| BloFin BNB-USDT | +0.0238% | 8h | 805.41 | −0.170% | $18.8M | $3.1M | 75x | as long as short |
| Bulk BNB-USD | +0.0274% | 1h | 805.55 | −0.153% | $651K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 805.54 | −0.153% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.210% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 805.65 | −0.140% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 804.78 | −0.248% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 806.17 | −0.076% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0713% | 1h | 806.03 | −0.093% | $3.0M | $5.5M | 40x | as long as short |
Lighter BNB
Coinbase International BNB-PERP-INTX
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
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Hyperliquid BNB
SoDEX BNB-USD
Phoenix BNB
dYdX BNB-USD
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP