BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.35 per $10,000 · paid last 24h +0.002%

Price spread now: MEXC against KuCoin+0.112%7-day average +0.207% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

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

costs, in and out, $10k−$270.270% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days+0.134%+$13 · spread now +0.112%, 7d avg +0.207%

Together, before fees+0.105%+$11 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 MEXC is 0.096% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.207%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	789.22	0.0100	pay 0.0100% / 8h	4h 24m	$27.6M	$10.3M	75x
Short	MEXC BNB_USDT	790.10	0.0065	get 0.0065% / 8h	4h 24m	$80.2M	$12.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$7.35
Price spread: +0.112% → +0.207%: −$9.55
Slippage, 4 orders: −$10.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$43.88
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	0.69 bp	9.3 bp −$9	17.7 bp −$177	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.63 bp	2.6 bp −$3	5.0 bp −$50	15.8 bp −$1,579	31.5 bp −$15.8K

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 −0.0187% / S +0.0351%	1h	789.27	+0.007%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.89	+0.085%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.60	+0.048%	$852K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.29	+0.009%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.011%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0040%	8h	789.84	+0.079%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0053%	8h	789.48	+0.033%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0063%	8h	789.94	+0.091%	$69.1M	$49.9M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.029%	$582K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0064%	8h	789.87	+0.082%	$493.3M	$790.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDTshort	+0.0065%	8h	790.10	+0.112%	$80.2M	$12.4M	200x
Lighter BNB	+0.0096%	1h	789.47	+0.032%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.36	+0.018%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.45	+0.029%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.85	+0.080%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.52	+0.038%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.24	+0.003%	$138.8M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.003%	$53.4M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	+0.048%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.25	+0.004%	$35.5M	$57.3M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	789.22	long leg	$27.6M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	789.04	−0.023%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.73	+0.065%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.00	−0.027%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.13	+0.115%	$4.1M	$73.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.94	+0.091%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.19	−0.004%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.43	+0.027%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.96	+0.094%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.50	+0.035%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.38	+0.021%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.13	+0.115%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.92	−0.038%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.23	+0.001%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	791.77	+0.323%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0134%	1h	789.35	+0.016%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0145%	8h	790.08	+0.109%	$2.9M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0178%	8h	790.10	+0.112%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	790.17	+0.120%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0222%	1h	790.13	+0.115%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.94	+0.091%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.28	+0.008%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.76	+0.069%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.05	−0.021%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	789.56	+0.043%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.56	+0.043%	$1.1M	$967K	20x	as long as short