BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.005%

Price spread now: GRVT against MEXC−0.464%67s7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as 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−$200.197% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days+0.323%+$32 · spread now −0.464%, 7d avg −0.095%

Together, before fees+0.378%+ Points / potential airdropGRVT: Active · farm board+$38 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 GRVT is 0.369% cheaper against MEXC than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.095%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.056%, so the current rate has only just turned against you. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	788.90	0.0035	pay 0.0035% / 8h	7h 22m	$82.8M	$12.3M	200x
Short	GRVT BNB_USDT_Perp	785.24	0	get 0.0000% / 8h	7h 22m	$3.0M	$27.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee MEXCbpFee GRVTbpOrdersPrice spread, now −0.464%Rate

Funding earned: −$7.35
Price spread: −0.464% → −0.095%: −$36.92
Slippage, 4 orders: −$6.69
Fee MEXC: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$63.96
Costs to cover: 0.197%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; GRVT: live order book, 2 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 MEXC live order book, 2 min ago	0.63 bp	3.9 bp −$4	6.0 bp −$60	14.4 bp −$1,441	30.9 bp −$15.4K
Sell GRVT live order book, 2 min ago	0.06 bp	6.3 bp −$6	9.1 bp −$91	34.9 bp −$3,491	doesn't fit

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 −0.0166% / S +0.0337%	1h	786.72	−0.277%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.07	−0.232%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.00	−0.241%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perpshort	0.0000%	8h	785.24	−0.464%	$3.0M	$27.1M	10x
StandX BNB-USD	0.0000%	1h	786.15	−0.349%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.57	−0.295%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0018%	8h	787.65	−0.158%	$6.0M	$18.2M	200x	as long as short
BingX BNB-USDT	+0.0028%	8h	787.22	−0.213%	—	$22.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.052%	$19K	$789K	30x	as long as short
MEXC BNB_USDTlong	+0.0035%	8h	788.90	long leg	$82.8M	$12.3M	200x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0036%	8h	787.66	−0.157%	$489.0M	$805.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.05	−0.234%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.30	−0.330%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.51	−0.176%	$51.6M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.14	−0.223%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.01	−0.240%	$138.6M	$72.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.90	−0.254%	$53.5M	$110.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.10	−0.228%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.10	−0.228%	$39.7M	$56.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.78	−0.269%	$27.8M	$9.9M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.84	−0.261%	$75.4M	$32.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.04	−0.236%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.60	−0.672%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.05	−0.488%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.89	−0.508%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.05	−0.235%	$132K	$922K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.23	−0.212%	$265K	$357K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.27	−0.588%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.45	−0.184%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.30	−0.203%	$387K	$940K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.44	−0.311%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.35	−0.197%	$78K	$47K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.80	−0.266%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.05	−0.235%	$378K	$110K	10x	as long as short
Phemex BNBUSDT	+0.0106%	8h	787.79	−0.141%	$68.6M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0109%	8h	787.30	−0.203%	$160K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.14	−0.223%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	785.71	−0.404%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0141%	8h	787.11	−0.227%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.61	−0.164%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0200%	1h	784.80	−0.520%	$636K	$630	10x	as long as short
dYdX BNB-USD	+0.0216%	1h	786.78	−0.268%	$158K	$65K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	787.43	−0.186%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	786.66	−0.284%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	787.27	−0.207%	$1.1M	$887K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	786.60	−0.292%	$67K	$39K	12x	as long as short