BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.38 per $10,000 · paid last 24h +0.068%

Price spread now: BloFin against GRVT−0.095%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on GRVT Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.095%, 7d avg +0.002%

Together, before fees+0.293%+ Points / potential airdropGRVT: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.097% cheaper against GRVT than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.189%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BNB_USDT_Perp	788.63	0.0225	pay 0.0225% / 8h	1h 59m	$2.9M	$29.6M	10x
Short	BloFin BNB-USDT	787.88	0.0187	get 0.0187% / 8h	1h 59m	$17.7M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$7.89
Price spread: −0.095% → +0.002%: −$9.73
Slippage, 4 orders: −$1.25
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$39.87
Costs to cover: 0.222%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago	0.06 bp	4.6 bp −$5	4.7 bp −$47	17.9 bp −$1,794	doesn't fit
Sell BloFin live order book, 5 min ago	0.19 bp	6.2 bp −$6	6.7 bp −$67	12.1 bp −$1,213	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 −0.0192% / S +0.0356%	1h	787.12	−0.191%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.79	−0.107%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.69	+0.007%	$851K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.15	−0.187%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.087%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0045%	8h	788.16	−0.059%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0053%	8h	787.50	−0.144%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0067%	8h	788.10	−0.067%	$80.9M	$11.9M	200x	as long as short
Phemex BNBUSDT	+0.0067%	8h	787.85	−0.099%	$68.9M	$51.0M	50x	as long as short
Binance BNBUSDT	+0.0067%	8h	788.14	−0.062%	$490.5M	$816.0M	75x	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	+0.0080%	1h	788.38	−0.032%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.39	−0.158%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.27	−0.173%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.10	−0.194%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	787.68	−0.121%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.60	−0.131%	$138.6M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.60	−0.131%	$53.6M	$113.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	−0.131%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	−0.150%	$36.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.22	−0.179%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.29	−0.170%	$76.2M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.77	−0.109%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.80	−0.105%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.41	−0.028%	$4.1M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.40	−0.029%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.17	−0.185%	$132K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.42	−0.154%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.82	−0.103%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.40	−0.156%	$387K	$987K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.12	−0.065%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	787.73	−0.115%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.32	−0.166%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.28	−0.172%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.39	−0.031%	$169K	$34K	10x	as long as short
dYdX BNB-USD	+0.0123%	1h	787.75	−0.111%	$160K	$62K	10x	as long as short
Kalshi KXBNBPERP	+0.0139%	8h	788.00	−0.080%	$163K	$2.7M	4.8x	as long as short
BloFin BNB-USDTshort	+0.0187%	8h	787.88	−0.095%	$17.7M	$2.2M	75x
Hyperliquid BNB	+0.0203%	1h	787.97	−0.084%	$51.6M	$17.6M	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	787.07	−0.198%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perplong	+0.0225%	8h	788.63	long leg	$2.9M	$29.6M	10x
01 Exchange BNBUSD	+0.0272%	1h	787.82	−0.103%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.69	−0.120%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	787.00	−0.207%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0339%	1h	788.57	−0.008%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.71	−0.118%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	788.29	−0.043%	$67K	$39K	12x	as long as short