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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.53 per $10,000 · paid last 24h −0.011%
Price spread now: Bybit against MEXC−0.125%7-day average −0.223% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$200.200% of the position
Long on MEXCShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.053%−$5 on $10k
Price spread, last 7 days−0.132%−$13 · spread now −0.125%, 7d avg −0.223%
Together, before fees−0.184%−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.098% dearer against MEXC than usual: you sell high and buy low (spread −0.125% now, against its 7-day average of −0.223%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.1 days. At the pace of the last 7 days (−0.053% in total) that is about 13 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BNB_USDT799.500.0075pay 0.0075% / 8h7h 17m$83.1M$13.7M200x
ShortBybit BNBUSDT798.500.0022get 0.0022% / 8h7h 17m$138.6M$76.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$11.16
Price spread: −0.125% → −0.223%
$9.75
Slippage, 4 orders
−$4.98
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$21.39
Costs to cover
0.200%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago1.25 bp3.3 bp −$36.4 bp −$6422.6 bp −$2,25641.7 bp −$20.9K
Sell Bybit live order book, 2 min ago0.63 bp6.1 bp −$68.8 bp −$8823.8 bp −$2,383108.9 bp −$54.4K

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 −0.0159% / S +0.0334%1h797.96−0.192%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h797.97−0.192%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.55−0.119%$4K$23925xas long as short
Gate BNB_USDT−0.0003%8h798.25−0.156%$35.9M$56.8M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.85−0.081%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.12−0.048%$864K$2.9M30xas long as short
Variational Omni BNB+0.0004%8h797.72−0.223%$4.1M$5.0M—as long as short
BingX BNB-USDT+0.0007%8h798.64−0.108%—$35.0M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.02−0.185%$9.7M—150xas long as short
Bybit BNBUSDTshort+0.0022%8h798.50−0.125%$138.6M$76.3M75x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0028%8h798.75−0.094%$69.7M$50.2M50xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.699%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07−0.054%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0051%8h798.79−0.089%$6.1M$19.4M200xas long as short
Binance BNBUSDT+0.0075%8h799.19−0.039%$496.2M$811.7M75xas long as short
MEXC BNB_USDTlong+0.0075%8h799.50long leg$83.1M$13.7M200x
Lighter BNB+0.0096%1h798.30−0.150%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.13−0.046%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.00−0.188%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.44−0.133%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.40−0.138%$54.2M$110.9M50xas long as short
Arcus BNB-USD+0.0100%1h798.50−0.125%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.40−0.138%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.15−0.169%$78.2M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h798.91−0.074%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.95−0.069%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.16−0.168%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.01−0.186%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.16−0.168%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.71−0.099%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.20−0.163%$392K$997K10xas long as short
HTX BNB-USDT+0.0100%8h797.76−0.218%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.76−0.092%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.13−0.172%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.00−0.188%$383K$110K10xas long as short
Bulk BNB-USD+0.0138%1h797.80−0.213%$648K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.29−0.151%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0158%8h798.70−0.100%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0195%8h798.84−0.083%$18.1M$2.6M75xas long as short
dYdX BNB-USD+0.0198%1h797.77−0.216%$161K$63K10xas long as short
01 Exchange BNBUSD+0.0200%1h798.58−0.115%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h798.45−0.132%$1.6M$161K25xas long as short
Hibachi BNB/USDT-P+0.0280%1h797.79−0.214%$68K$38K12xas long as short
Hyperliquid BNB+0.0294%1h799.15−0.044%$53.1M$20.3M10xas long as short
Reya BNBRUSDPERP+0.0330%1h797.76−0.218%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0426%1h799.14−0.045%$2.7M$5.7M40xas long as short