BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against KuCoin−0.035%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.035%, 7d avg −0.013%

Together, before fees−0.051%−$5 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 Bybit is 0.022% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	799.28	0.0100	pay 0.0100% / 8h	1h 10m	$27.9M	$10.3M	75x
Short	Bybit BNBUSDT	799.00	0.0065	get 0.0065% / 8h	1h 10m	$139.1M	$79.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$7.25
Price spread: −0.035% → −0.013%: −$2.16
Slippage, 4 orders: −$11.61
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.01
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	0.44 bp	10.3 bp −$10	20.5 bp −$205	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.63 bp	7.2 bp −$7	8.9 bp −$89	25.1 bp −$2,508	125.2 bp −$62.6K

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 −0.0201% / S +0.0372%	1h	799.51	+0.029%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.96	+0.085%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.06	+0.098%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	800.10	+0.103%	$140K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	800.45	+0.146%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.55	+0.034%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0035%	8h	799.95	+0.084%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0058%	8h	799.59	+0.039%	—	$13.3M	—	as long as short
Bybit BNBUSDTshort	+0.0065%	8h	799.00	−0.035%	$139.1M	$79.1M	75x
Aster BNBUSDT	+0.0095%	8h	800.00	+0.090%	$6.3M	$19.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	799.73	+0.056%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	+0.236%	$610K	$994K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.48	+0.025%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.65	+0.046%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.10	−0.023%	$54.6M	$115.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.90	+0.078%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.15	−0.016%	$35.7M	$58.7M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	799.28	long leg	$27.9M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	799.21	−0.009%	$80.8M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.31	+0.129%	$4.2M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.33	+0.131%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.56	+0.035%	$121K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.56	+0.035%	$386K	$512K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.68	+0.050%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.16	+0.110%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	+0.053%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.73	+0.057%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.07	+0.099%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.03	−0.031%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.63	+0.044%	$384K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0115%	8h	800.50	+0.153%	$83.2M	$13.8M	200x	as long as short
Phemex BNBUSDT	+0.0116%	8h	800.10	+0.103%	$69.9M	$51.7M	50x	as long as short
Binance BNBUSDT	+0.0116%	8h	799.99	+0.089%	$502.5M	$817.3M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.04	+0.095%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0200%	1h	799.74	+0.057%	$71K	$49K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.94	+0.082%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.35	+0.008%	$2.6M	$969K	50x	as long as short
BloFin BNB-USDT	+0.0236%	8h	800.21	+0.116%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	+0.116%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.727%	$19K	$789K	30x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	800.20	+0.115%	$28K	$1K	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	799.70	+0.053%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0321%	1h	800.24	+0.120%	$51.8M	$21.9M	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.22	−0.008%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0337%	1h	799.94	+0.083%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0578%	1h	800.36	+0.135%	$2.7M	$5.7M	40x	as long as short