BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0069%/8h= +7.5% APRnext payment +$0.69 per $10,000 · paid last 24h +0.038%

Price spread now: BloFin against KuCoin+0.150%95s7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as 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−$350.347% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.150%, 7d avg +0.096%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.053% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.096%. The two prices were read 95 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	KuCoin BNBUSDTM	787.79	0.0100	pay 0.0100% / 8h	3h 29m	$27.6M	$10.3M	75x
Short	BloFin BNB-USDT	788.97	0.0169	get 0.0169% / 8h	3h 29m	$18.1M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.150%Rate

Funding earned: $14.44
Price spread: +0.150% → +0.096%: $5.34
Slippage, 4 orders: −$10.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$14.92
Costs to cover: 0.347%
Break-even: 14.2 days

Slippage from KuCoin: live order book, 4 min ago; BloFin: 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 KuCoin live order book, 4 min ago	0.57 bp	11.2 bp −$11	18.7 bp −$187	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.01 bp	7.0 bp −$7	8.3 bp −$83	12.3 bp −$1,232	14.8 bp −$7,418

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	788.19	+0.051%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	788.24	+0.057%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.73	+0.119%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.91	+0.142%	$851K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.17	+0.048%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	788.56	+0.098%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.196%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0040%	8h	788.28	+0.062%	—	$22.4M	—	as long as short
Binance BNBUSDT	+0.0047%	8h	788.49	+0.089%	$491.7M	$798.8M	75x	as long as short
MEXC BNB_USDT	+0.0048%	8h	789.00	+0.154%	$80.0M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0050%	8h	788.79	+0.127%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.314%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.43	+0.081%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.20	+0.053%	$2.7M	$3.8M	20x	as long as short
dYdX BNB-USD	+0.0096%	1h	788.56	+0.097%	$160K	$64K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.26	+0.060%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.25	+0.058%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.70	+0.116%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.28	+0.062%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.00	+0.027%	$138.6M	$73.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.80	+0.001%	$53.5M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.40	+0.077%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.05	+0.033%	$35.8M	$57.5M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	787.79	long leg	$27.6M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	787.64	−0.019%	$76.3M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.55	+0.096%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.21	+0.054%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.62	+0.105%	$4.1M	$73.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.47	+0.086%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.11	+0.041%	$130K	$953K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.35	+0.071%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.81	+0.130%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.40	+0.077%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.30	+0.064%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.43	+0.081%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.72	−0.009%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.28	+0.063%	$379K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0124%	8h	789.10	+0.166%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDTshort	+0.0169%	8h	788.97	+0.150%	$18.1M	$2.2M	75x
GRVT BNB_USDT_Perp	+0.0174%	8h	789.08	+0.164%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0219%	1h	788.52	+0.093%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.78	+0.126%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	787.94	+0.018%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	788.75	+0.122%	$1.5M	$143K	25x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	788.36	+0.072%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.59	+0.101%	$1.1M	$893K	20x	as long as short