BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0484%/8h= −53.0% APRnext payment −$0.60 per $10,000 · paid last 24h −0.068%

Price spread now: Arcus against Hibachi+0.050%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hibachi Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Arcus is 0.050% dearer against Hibachi than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi BNB/USDT-P	788.80	0.0584	pay 0.0073% / 1h	36m 26s	$67K	$38K	12x
Short	Arcus BNB-USD	789.20	0.0100	get 0.0013% / 1h	36m 26s	$52K	$130K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Hibachi. 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 HibachibpFee ArcusbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$101.64
Price spread: +0.050% → 0.000%: $5.01
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$110.13
Costs to cover: 0.135%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Arcus: live order book, 27 min ago. Net counts fees only.

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 Hibachi no order-book sample	—	—	—	—	—
Sell Arcus live order book, 27 min ago	4.43 bp	8.5 bp −$8	22.5 bp −$225	doesn't fit	doesn't fit

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0167% / S +0.0335%	1h	788.87	+0.008%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.96	+0.020%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.27	+0.059%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.92	+0.015%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.065%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	789.61	+0.102%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	+0.036%	$618K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0058%	8h	789.08	+0.035%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0068%	8h	789.35	+0.069%	$69.1M	$51.0M	50x	as long as short
MEXC BNB_USDT	+0.0074%	8h	789.80	+0.126%	$80.3M	$12.4M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0075%	8h	789.56	+0.095%	$493.6M	$804.8M	75x	as long as short
Variational Omni BNB	+0.0086%	8h	787.60	−0.153%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.64	−0.021%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.25	+0.056%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.08	+0.035%	$265K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.75	−0.007%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.43	+0.079%	$51.7M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.26	+0.058%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.90	+0.012%	$138.7M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.00	+0.025%	$53.5M	$112.2M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	789.20	+0.050%	$52K	$130K	10x
Gate BNB_USDT	+0.0100%	8h	788.90	+0.012%	$35.3M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.70	−0.013%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.63	−0.022%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.20	+0.050%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.57	−0.029%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.03	+0.029%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.88	+0.010%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.03	+0.029%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.89	+0.010%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.04	+0.030%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.66	+0.108%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.68	−0.015%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.86	+0.008%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.63	−0.022%	$169K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	789.15	+0.044%	$2.9M	$28.2M	10x	as long as short
SoDEX BNB-USD	+0.0141%	1h	788.80	−0.001%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0187%	8h	788.90	+0.012%	$96K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	789.53	+0.092%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0236%	1h	788.84	+0.005%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	789.53	+0.092%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.60	−0.027%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	789.34	+0.068%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0373%	1h	788.05	−0.095%	$638K	$13K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	789.24	+0.056%	$1.5M	$147K	25x	as long as short
Hibachi BNB/USDT-Plong	+0.0584%	1h	788.80	long leg	$67K	$38K	12x