BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Bitget against GRVT−0.363%63s7-day average −0.142% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$230.234% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days+0.253%+$25 · spread now −0.363%, 7d avg −0.142%

Together, before fees+0.232%+ Points / potential airdropGRVT: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.221% cheaper against GRVT than usual: you would sell low and buy high (spread −0.363% now, against its 7-day average of −0.142%). If the spread goes back, that is −$22 on $10k: about 7.4 days of funding at the current rate (+$3 a day). The two prices were read 63 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	800.63	0	get 0.0000% / 8h	7h 20m	$3.0M	$27.7M	10x
Short	Bitget BNBUSDT	797.73	0.0100	get 0.0100% / 8h	7h 20m	$78.1M	$28.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.363%Rate

Funding earned: $21
Price spread: −0.363% → −0.142%: −$22.05
Slippage, 4 orders: −$2.36
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.41
Costs to cover: 0.234%
Break-even: 15.1 days

Slippage from GRVT: live order book, 4 min ago; Bitget: live order book, 4 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	217.1 bp −$21.7K	doesn't fit
Sell Bitget live order book, 4 min ago	0.06 bp	6.8 bp −$7	9.2 bp −$92	14.1 bp −$1,408	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 −0.0159% / S +0.0335%	1h	798.30	−0.292%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.41	−0.278%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.54	−0.262%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0007%	8h	798.25	−0.298%	—	$35.0M	—	as long as short
Gate BNB_USDT	−0.0002%	8h	798.00	−0.329%	$35.9M	$56.7M	75x	as long as short
GRVT BNB_USDT_Perplong	0.0000%	8h	800.63	long leg	$3.0M	$27.7M	10x
StandX BNB-USD	0.0000%	1h	799.19	−0.180%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	−0.364%	$4.1M	$5.0M	—	as long as short
Bybit BNBUSDT	+0.0006%	8h	798.01	−0.328%	$138.6M	$76.2M	75x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.24	−0.299%	$9.7M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0009%	8h	798.92	−0.214%	$69.8M	$50.0M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.557%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	−0.195%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0055%	8h	798.65	−0.248%	$6.2M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0076%	8h	798.77	−0.233%	$495.9M	$811.4M	75x	as long as short
MEXC BNB_USDT	+0.0077%	8h	799.20	−0.179%	$83.1M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.31	−0.291%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	−0.188%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.85	−0.348%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.37	−0.283%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.10	−0.316%	$54.1M	$110.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.60	−0.254%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.11	−0.315%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	797.73	−0.363%	$78.1M	$28.1M	75x
edgeX BNBUSDC	+0.0100%	4h	800.04	−0.074%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.98	−0.082%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.15	−0.310%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.26	−0.296%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.39	−0.280%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.94	−0.212%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.50	−0.267%	$393K	$998K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.09	−0.317%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.75	−0.235%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.82	−0.352%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.42	−0.276%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	−0.169%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.26	−0.296%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	799.20	−0.179%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0197%	8h	798.81	−0.228%	$18.0M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.82	−0.227%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.74	−0.236%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0201%	1h	798.40	−0.279%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	799.00	−0.204%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0299%	1h	798.92	−0.214%	$53.1M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.86	−0.347%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0400%	1h	799.37	−0.158%	$2.7M	$5.7M	40x	as long as short