BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.007%

Price spread now: Phemex against MEXC−0.039%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.231%−$23 · spread now −0.039%, 7d avg −0.103%

Together, before fees−0.272%−$27 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: Phemex is 0.064% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	787.40	0.0061	pay 0.0061% / 8h	2h 15m	$80.5M	$12.0M	200x
Short	Phemex BNBUSDT	787.09	0.0058	get 0.0058% / 8h	2h 15m	$68.9M	$50.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$0.67
Price spread: −0.039% → −0.103%: $6.38
Slippage, 4 orders: −$7.31
Fee MEXC: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$17.6
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from MEXC: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	1.90 bp	3.9 bp −$4	9.1 bp −$91	27.9 bp −$2,788	44.9 bp −$22.4K
Sell Phemex live order book, 3 min ago	1.27 bp	7.5 bp −$7	8.6 bp −$86	12.1 bp −$1,214	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 −0.0192% / S +0.0356%	1h	786.29	−0.141%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.83	−0.072%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.28	−0.015%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.49	−0.115%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.247%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0039%	8h	787.10	−0.038%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0045%	8h	786.74	−0.084%	—	$13.4M	—	as long as short
Phemex BNBUSDTshort	+0.0058%	8h	787.09	−0.039%	$68.9M	$50.6M	50x
MEXC BNB_USDTlong	+0.0061%	8h	787.40	long leg	$80.5M	$12.0M	200x
Binance BNBUSDT	+0.0063%	8h	787.20	−0.025%	$490.4M	$812.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.40	−0.127%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	785.85	−0.197%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.73	−0.085%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.52	−0.112%	$265K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.30	−0.140%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.18	−0.028%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.72	−0.086%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.46	−0.119%	$138.1M	$74.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.50	−0.114%	$53.5M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	−0.076%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.50	−0.114%	$36.7M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.13	−0.161%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.30	−0.140%	$76.1M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.89	−0.065%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.32	−0.137%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.59	−0.103%	$4.1M	$75.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.98	−0.053%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.48	−0.117%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.65	−0.096%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.14	−0.033%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.66	−0.094%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.96	−0.055%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.24	−0.147%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.55	−0.108%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.33	−0.136%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0130%	1h	786.60	−0.102%	$387K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0139%	8h	787.10	−0.038%	$160K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0158%	1h	786.37	−0.131%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0181%	8h	787.12	−0.036%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	787.48	+0.010%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.92	−0.061%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	787.33	−0.009%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	786.36	−0.132%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	−0.255%	$637K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.89	−0.065%	$1.1M	$901K	20x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	786.85	−0.069%	$67K	$39K	12x	as long as short