Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 16:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.23 per $10,000 · paid last 24h −0.003%
Price spread now: Phemex against KuCoin+0.107%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Long on KuCoinShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.073%−$7 on $10k
Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.107%, 7d avg +0.081%
Together, before fees−0.158%−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.025% dearer against KuCoin than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.081%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BNBUSDTM787.350.0100pay 0.0100% / 8h4h 09m$28.3M$9.3M75x
ShortPhemex BNBUSDT788.190.0077get 0.0077% / 8h4h 09m$68.3M$48.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
−$4.83
Price spread: +0.107% → +0.081%
$2.55
Slippage, 4 orders
−$9.92
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$36.2
Costs to cover
0.339%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Phemex: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago0.70 bp7.6 bp −$817.6 bp −$176doesn't fitdoesn't fit
Sell Phemex live order book, 3 min ago0.19 bp7.5 bp −$88.2 bp −$8211.6 bp −$1,164doesn't fit

BNB on 46 exchanges

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 −0.0166% / S +0.0336%1h787.42+0.009%$43K—200xas long as short
Kraken Futures PF_BNBUSD−0.0138%1h787.65+0.038%$2.6M$1.4M50xas long as short
Hotstuff BNB-PERP−0.0080%1h787.92+0.072%$4K—25xas long as short
Bybit BNBUSDT−0.0077%8h787.00−0.044%$139.0M$63.1M75xas long as short
BingX BNB-USDT−0.0076%8h787.63+0.036%—$49.9M—as long as short
Aster BNBUSDT0.0000%8h788.02+0.085%$5.9M$16.2M200xas long as short
GRVT BNB_USDT_Perp0.0000%8h788.07+0.091%$3.0M$26.7M10xas long as short
StandX BNB-USD0.0000%1h787.74+0.050%$850K$3.1M30xas long as short
MEXC BNB_USDT+0.0002%8h789.30+0.248%$83.8M$11.6M200xas long as short
Binance BNBUSDT+0.0003%8h787.96+0.077%$480.7M$726.8M75xas long as short
Show all 46 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.51+0.020%$9.5M—150xas long as short
BloFin BNB-USDT+0.0012%8h788.16+0.103%$18.5M$2.2M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.253%$19K$789K30xas long as short
Variational Omni BNB+0.0043%8h787.03−0.040%$4.3M$3.7M—as long as short
Phemex BNBUSDTshort+0.0077%8h788.19+0.107%$68.3M$48.4M50x
Lighter BNB+0.0096%1h787.74+0.050%$2.7M$3.0M20xas long as short
Nado BNB-PERP+0.0100%1h787.23−0.015%$1.3M$2.2M20xas long as short
Hyperliquid BNB+0.0100%1h788.09+0.094%$52.2M$15.7M10xas long as short
Pacifica BNB+0.0100%1h787.94+0.075%$1.2M$483K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.20−0.019%$53.4M$96.7M50xas long as short
Arcus BNB-USD+0.0100%1h787.80+0.057%$57K$48K10xas long as short
Gate BNB_USDT+0.0100%8h787.350.000%$42.9M$52.2M75xas long as short
KuCoin BNBUSDTMlong+0.0100%8h787.35long leg$28.3M$9.3M75x
Bitget BNBUSDT+0.0100%8h787.21−0.018%$76.0M$30.2M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.84+0.062%$2.2M$6.0M40xas long as short
edgeX BNBUSDC+0.0100%4h787.73+0.048%$4.1M$69.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.10+0.095%$159K$463K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.45+0.013%$125K$908K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.51+0.020%$264K$257K50xas long as short
Derive BNB-PERP+0.0100%1h787.62+0.035%$31K$10K10xas long as short
SunX BNB-USDT+0.0100%8h788.02+0.085%$12K$1.2M50xas long as short
SoDEX BNB-USD+0.0100%1h787.60+0.032%$387K$909K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h787.78+0.055%$1.5M$128K25xas long as short
HTX BNB-USDT+0.0100%8h787.98+0.080%$8.0M$9.7M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.18+0.105%$78K$1.3M50xas long as short
Kalshi KXBNBPERP+0.0102%8h788.10+0.095%$173K$2.4M4.8xas long as short
Extended BNB-USD+0.0104%1h786.81−0.068%$1.8M$5.4M50xas long as short
Aevo BNB-PERP+0.0104%1h787.48+0.017%$378K$110K10xas long as short
Phoenix BNB+0.0116%1h788.30+0.121%$158K$45K10xas long as short
Coinbase International BNB-PERP-INTX+0.0136%1h787.93+0.074%$534K$1.7M50xas long as short
dYdX BNB-USD+0.0174%1h787.62+0.034%$158K$31K10xas long as short
Hibachi BNB/USDT-P+0.0216%1h787.61+0.032%$67K$26K12xas long as short
01 Exchange BNBUSD+0.0248%1h788.10+0.095%$28K$2K10xas long as short
Bulk BNB-USD+0.0270%1h787.94+0.075%$638K$13K10xas long as short
Reya BNBRUSDPERP+0.0315%1h787.00−0.044%$6K$3K40xas long as short
RISEx BNB/USDC+0.0391%1h787.89+0.069%$1.1M$860K20xas long as short