BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.009%

Price spread now: KuCoin against GRVT−0.039%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.092%−$9 · spread now −0.039%, 7d avg −0.116%

Together, before fees−0.112%+ Points / potential airdropGRVT: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.077% dearer against GRVT than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BNB_USDT_Perp	787.83	0	get 0.0000% / 8h	4h 11m	$3.0M	$26.7M	10x
Short	KuCoin BNBUSDTM	787.52	0.0100	get 0.0100% / 8h	4h 11m	$28.4M	$9.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $21
Price spread: −0.039% → −0.116%: $7.69
Slippage, 4 orders: −$5.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $2.19
Costs to cover: 0.265%
Break-even: 6.3 days

Slippage from GRVT: live order book, 6 min ago; KuCoin: live order book, 11 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	4.6 bp −$5	6.4 bp −$64	19.6 bp −$1,956	doesn't fit
Sell KuCoin live order book, 11 min ago	0.44 bp	7.5 bp −$8	25.3 bp −$253	52.1 bp −$5,205	doesn't fit

BNB on 46 exchanges

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 −0.0166% / S +0.0336%	1h	787.70	−0.016%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0138%	1h	787.93	+0.013%	$2.6M	$1.4M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.71	−0.015%	$4K	—	25x	as long as short
Bybit BNBUSDT	−0.0076%	8h	787.37	−0.058%	$139.2M	$63.2M	75x	as long as short
BingX BNB-USDC	−0.0073%	8h	787.70	−0.017%	—	$13.4M	—	as long as short
Aster BNBUSDT	0.0000%	8h	788.33	+0.063%	$5.9M	$16.2M	200x	as long as short
GRVT BNB_USDT_Perplong	0.0000%	8h	787.83	long leg	$3.0M	$26.7M	10x
StandX BNB-USD	0.0000%	1h	787.50	−0.042%	$849K	$3.1M	30x	as long as short
MEXC BNB_USDT	+0.0003%	8h	789.60	+0.225%	$83.8M	$11.6M	200x	as long as short
Binance BNBUSDT	+0.0003%	8h	788.34	+0.065%	$480.9M	$727.0M	75x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.75	−0.010%	$9.5M	—	150x	as long as short
BloFin BNB-USDT	+0.0014%	8h	788.25	+0.053%	$18.5M	$2.2M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.191%	$19K	$789K	30x	as long as short
Variational Omni BNB	+0.0048%	8h	786.83	−0.127%	$4.3M	$3.7M	—	as long as short
Phemex BNBUSDT	+0.0078%	8h	788.57	+0.094%	$68.4M	$48.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.11	+0.036%	$2.7M	$3.0M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.37	−0.058%	$1.3M	$2.2M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.48	+0.083%	$52.2M	$16.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.76	−0.009%	$1.2M	$484K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	−0.042%	$53.5M	$96.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.70	−0.017%	$57K	$48K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.80	−0.004%	$42.9M	$52.1M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	787.52	−0.039%	$28.4M	$9.4M	75x
Bitget BNBUSDT	+0.0100%	8h	787.54	−0.037%	$76.1M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.34	+0.065%	$2.2M	$6.0M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.73	−0.013%	$4.1M	$69.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.04	+0.027%	$159K	$462K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.47	−0.046%	$125K	$908K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.83	0.000%	$265K	$257K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.93	+0.013%	$31K	$10K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.46	+0.080%	$12K	$1.2M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.10	+0.034%	$387K	$909K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	788.10	+0.034%	$1.5M	$128K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.21	+0.048%	$8.0M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.93	+0.013%	$78K	$1.3M	50x	as long as short
Kalshi KXBNBPERP	+0.0101%	8h	788.00	+0.022%	$173K	$2.4M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	787.22	−0.078%	$1.8M	$5.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.92	+0.011%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0116%	1h	787.97	+0.018%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	787.88	+0.006%	$534K	$1.7M	50x	as long as short
dYdX BNB-USD	+0.0179%	1h	787.62	−0.027%	$158K	$31K	10x	as long as short
Hibachi BNB/USDT-P	+0.0216%	1h	787.50	−0.042%	$67K	$26K	12x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.10	+0.034%	$28K	$2K	10x	as long as short
Bulk BNB-USD	+0.0270%	1h	787.94	+0.014%	$638K	$13K	10x	as long as short
Reya BNBRUSDPERP	+0.0315%	1h	787.23	−0.076%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0391%	1h	787.73	−0.013%	$1.1M	$860K	20x	as long as short