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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.080%
Price spread now: BingX against Hibachi+0.061%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HibachiShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.471%−$47 on $10k
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. BingX is 0.061% dearer against Hibachi than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi BNB/USDT-P805.610.0240pay 0.0030% / 1h24m 22s$71K$48K12x
ShortBingX BNB-USDC806.100.0052get 0.0052% / 8h2h 24m—$13.3M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
−$39.48
Price spread: +0.061% → 0.000%
$6.08
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$52.4
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; BingX: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample—————
Sell BingX live order book, 9 min ago0.25 bp7.7 bp −$89.9 bp −$9918.4 bp −$1,83867.8 bp −$33.9K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h805.95+0.042%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.49+0.109%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.40−0.026%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.00+0.048%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.57−0.005%$871K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.96+0.043%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h806.21+0.074%$2.5M$908K50xas long as short
Variational Omni BNB+0.0048%8h805.22−0.048%$4.0M$5.4M—as long as short
BingX BNB-USDCshort+0.0052%8h806.10+0.061%—$13.3M—
Bybit BNBUSDT+0.0077%8h805.65+0.005%$139.7M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.80−0.101%$609K$879K50xas long as short
Aster BNBUSDT+0.0094%8h806.66+0.130%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h806.19+0.072%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h805.76+0.019%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h806.27+0.082%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.80+0.024%$55.2M$115.8M50xas long as short
Arcus BNB-USD+0.0100%1h806.30+0.086%$53K$168K10xas long as short
Gate BNB_USDT+0.0100%8h805.75+0.017%$36.0M$58.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.78+0.021%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.76+0.019%$79.3M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h805.49−0.015%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.60−0.001%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.83+0.027%$119K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.06+0.056%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h806.22+0.075%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.52+0.112%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h805.41−0.025%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.71+0.136%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.71+0.013%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h806.18+0.070%$387K$40K10xas long as short
MEXC BNB_USDT+0.0110%8h806.80+0.148%$84.6M$13.6M200xas long as short
Binance BNBUSDT+0.0111%8h806.69+0.134%$520.9M$804.3M75xas long as short
Phoenix BNB+0.0125%1h805.78+0.021%$173K$35K10xas long as short
Phemex BNBUSDT+0.0127%8h806.04+0.053%$70.3M$51.8M50xas long as short
Hyperliquid BNB+0.0175%1h806.58+0.120%$51.8M$21.3M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.158%$650K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h806.60+0.123%$1.6M$165K25xas long as short
SoDEX BNB-USD+0.0200%1h806.10+0.061%$396K$1.0M10xas long as short
RISEx BNB/USDC+0.0209%1h806.34+0.091%$1.1M$1.5M20xas long as short
BloFin BNB-USDT+0.0230%8h806.35+0.092%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-Plong+0.0240%1h805.61long leg$71K$48K12x
dYdX BNB-USD+0.0261%1h805.64+0.003%$170K$55K10xas long as short
Reya BNBRUSDPERP+0.0334%1h805.67+0.007%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0336%1h807.03+0.176%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.089%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0653%1h806.67+0.132%$3.0M$5.5M40xas long as short