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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 00:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.010%
Price spread now: edgeX against MEXC−0.246%98s7-day average −0.144% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$200.199% of the position
Long on MEXCShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 7 days+0.114%+$11 · spread now −0.246%, 7d avg −0.144%
Together, before fees+0.184%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.102% cheaper against MEXC than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.144%. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BNB_USDT806.600.0108pay 0.0108% / 8h2h 25m$84.6M$13.6M200x
ShortedgeX BNBUSDC804.620.0100get 0.0050% / 4h2h 25m$4.2M$76.9M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
−$1.68
Price spread: −0.246% → −0.144%
−$10.18
Slippage, 4 orders
−$6.87
Fee MEXC: 2 bp × 2 orders
−$4
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$31.72
Costs to cover
0.199%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; edgeX: 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 MEXC live order book, 3 min ago1.24 bp3.9 bp −$47.8 bp −$7823.4 bp −$2,33741.4 bp −$20.7K
Sell edgeX live order book, 3 min ago1.86 bp6.4 bp −$66.4 bp −$649.7 bp −$967doesn't fit

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%1h805.63−0.120%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h805.10−0.186%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.60−0.247%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.10−0.062%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.43−0.269%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.68−0.114%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h805.82−0.097%$2.5M$908K50xas long as short
Variational Omni BNB+0.0049%8h803.71−0.358%$4.0M$5.4M—as long as short
BingX BNB-USDC+0.0052%8h805.74−0.107%—$13.3M—as long as short
Bybit BNBUSDT+0.0075%8h805.20−0.174%$139.6M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.80−0.223%$609K$879K50xas long as short
Aster BNBUSDT+0.0094%8h806.47−0.016%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h805.72−0.109%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h805.20−0.174%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h805.68−0.114%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.30−0.161%$55.2M$115.8M50xas long as short
Arcus BNB-USD+0.0100%1h805.80−0.099%$53K$165K10xas long as short
Gate BNB_USDT+0.0100%8h805.55−0.130%$36.0M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.57−0.128%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.26−0.166%$79.2M$24.5M75xas long as short
edgeX BNBUSDCshort+0.0100%4h804.62−0.246%$4.2M$76.9M30x
ApeX Omni BNBUSDT+0.0100%1h804.73−0.232%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.39−0.150%$119K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.84−0.094%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h805.94−0.082%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.19−0.050%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h805.12−0.184%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.16−0.054%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.35−0.155%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h805.91−0.085%$387K$40K10xas long as short
MEXC BNB_USDTlong+0.0108%8h806.60long leg$84.6M$13.6M200x
Binance BNBUSDT+0.0110%8h806.16−0.054%$520.6M$803.7M75xas long as short
Phemex BNBUSDT+0.0124%8h806.38−0.027%$70.4M$51.8M50xas long as short
Phoenix BNB+0.0125%1h804.63−0.244%$173K$35K10xas long as short
Hyperliquid BNB+0.0170%1h806.15−0.056%$51.8M$21.3M10xas long as short
SoDEX BNB-USD+0.0196%1h805.80−0.099%$396K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.280%$650K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h806.36−0.030%$1.6M$165K25xas long as short
RISEx BNB/USDC+0.0209%1h805.79−0.101%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0229%8h805.82−0.097%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h804.39−0.274%$71K$48K12xas long as short
dYdX BNB-USD+0.0264%1h805.64−0.119%$170K$55K10xas long as short
Reya BNBRUSDPERP+0.0334%1h805.21−0.172%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0336%1h806.41−0.024%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.212%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0652%1h806.84+0.030%$3.0M$5.5M40xas long as short