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Funding arb · Price arb /

BNB

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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+0.0090%/8h= +9.8% APRpaid last 24h +0.047%
Price spread now: Bulk against MEXC−0.123%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Long on MEXCShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.238%+$24 on $10k
Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.123%, 7d avg −0.080%
Together, before fees+0.317%+$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bulk is 0.043% cheaper against MEXC than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.080%). If the spread goes back, that is −$4 on $10k: about 39 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.238% in total) that is about 14 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BNB_USDT804.600.0104pay 0.0104% / 8h2h 35m$84.3M$13.6M200x
ShortBulk BNB-USD803.610.0194get 0.0024% / 1h35m 19s$649K$11K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against MEXC. 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
$18.82
Price spread: −0.123% → −0.080%
−$4.32
Slippage, 4 orders
−$3.14
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$0.36
Costs to cover
0.141%
Break-even
6.9 days
Slippage from MEXC: live order book, 4 min ago; Bulk: live order book, 53 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 MEXC live order book, 4 min ago0.62 bp2.6 bp −$36.3 bp −$6323.5 bp −$2,34541.6 bp −$20.8K
Sell Bulk live order book, 53 min ago0.31 bp3.9 bp −$44.8 bp −$4810.1 bp −$1,01220.1 bp −$10.0K

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%1h803.47−0.141%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h803.52−0.134%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.19−0.051%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h803.60−0.124%$111K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92−0.085%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.49−0.138%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.67−0.116%$2.5M$908K50xas long as short
Variational Omni BNB+0.0051%8h802.62−0.246%$4.0M$5.3M—as long as short
BingX BNB-USDC+0.0057%8h803.42−0.147%—$13.3M—as long as short
Bybit BNBUSDT+0.0077%8h803.01−0.198%$139.3M$82.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0087%8h804.04−0.070%$6.4M$18.8M200xas long as short
Coinbase International BNB-PERP-INTX+0.0088%1h803.99−0.076%$608K$878K50xas long as short
Lighter BNB+0.0096%1h803.41−0.148%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.12−0.184%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h803.56−0.129%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.40−0.149%$55.1M$115.4M50xas long as short
Arcus BNB-USD+0.0100%1h803.70−0.112%$52K$162K10xas long as short
Gate BNB_USDT+0.0100%8h803.25−0.168%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.26−0.167%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.22−0.172%$79.0M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h803.02−0.196%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.17−0.053%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.39−0.150%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.55−0.130%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.64−0.119%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.90−0.087%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h803.29−0.162%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.04−0.069%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.20−0.174%$1.9M$6.1M50xas long as short
MEXC BNB_USDTlong+0.0104%8h804.60long leg$84.3M$13.6M200x
Aevo BNB-PERP+0.0104%1h803.69−0.113%$386K$40K10xas long as short
Binance BNBUSDT+0.0105%8h804.21−0.049%$518.7M$802.8M75xas long as short
Phemex BNBUSDT+0.0125%8h803.65−0.118%$70.1M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.30−0.162%$173K$35K10xas long as short
SoDEX BNB-USD+0.0140%1h803.60−0.124%$395K$1.0M10xas long as short
Hyperliquid BNB+0.0149%1h804.13−0.058%$51.7M$21.3M10xas long as short
Bulk BNB-USDshort+0.0194%1h803.61−0.123%$649K$11K10x
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.00−0.075%$1.6M$165K25xas long as short
RISEx BNB/USDC+0.0209%1h803.77−0.103%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0223%8h804.26−0.042%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h803.30−0.161%$71K$48K12xas long as short
dYdX BNB-USD+0.0267%1h803.57−0.128%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0320%1h804.29−0.039%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.30−0.162%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.040%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0669%1h804.06−0.067%$3.0M$5.4M40xas long as short