BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.67 per $10,000 · paid last 24h +0.038%

Price spread now: BloFin against OKX+0.134%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.216%+$22 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.134%, 7d avg +0.109%

Together, before fees+0.099%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.024% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	786.50	0.0100	pay 0.0100% / 8h	2h 56m	$53.4M	$111.8M	50x
Short	BloFin BNB-USDT	787.55	0.0167	get 0.0167% / 8h	2h 56m	$17.7M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.134%Rate

Funding earned: $14.08
Price spread: +0.134% → +0.109%: $2.41
Slippage, 4 orders: −$1.65
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.16
Costs to cover: 0.237%
Break-even: 10.6 days

Slippage from OKX: live order book, 2 min ago; BloFin: 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 OKX live order book, 2 min ago	0.64 bp	5.6 bp −$6	7.8 bp −$78	21.2 bp −$2,120	doesn't fit
Sell BloFin live order book, 2 min ago	0.19 bp	6.2 bp −$6	6.9 bp −$69	11.9 bp −$1,193	17.8 bp −$8,876

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	786.98	+0.062%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.27	−0.029%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.20	+0.089%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.79	+0.164%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.99	+0.062%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0027%	8h	787.18	+0.086%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDC	+0.0033%	8h	786.67	+0.022%	—	$13.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.364%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0047%	8h	787.60	+0.140%	$79.8M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0048%	8h	787.26	+0.097%	$490.1M	$805.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0048%	8h	787.71	+0.154%	$68.9M	$50.7M	50x	as long as short
Kraken Futures PF_BNBUSD	+0.0069%	1h	787.02	+0.067%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.21	+0.090%	$579K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	786.98	+0.061%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	786.70	+0.026%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.13	+0.080%	$265K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.60	+0.013%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.19	+0.088%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.83	+0.041%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.70	+0.025%	$138.2M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	786.50	long leg	$53.4M	$111.8M	50x
Arcus BNB-USD	+0.0100%	1h	786.80	+0.038%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.55	+0.006%	$36.1M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.33	−0.022%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.28	−0.028%	$76.1M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.42	+0.117%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.81	+0.040%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.50	+0.127%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.95	+0.184%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.50	0.000%	$131K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.22	+0.091%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.77	+0.162%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.74	+0.030%	$8.1M	$9.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.88	+0.049%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.29	−0.026%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.15	+0.083%	$378K	$110K	10x	as long as short
dYdX BNB-USD	+0.0151%	1h	786.94	+0.056%	$159K	$61K	10x	as long as short
SoDEX BNB-USD	+0.0166%	1h	787.20	+0.089%	$387K	$999K	10x	as long as short
BloFin BNB-USDTshort	+0.0167%	8h	787.55	+0.134%	$17.7M	$2.2M	75x
GRVT BNB_USDT_Perp	+0.0188%	8h	787.83	+0.169%	$2.9M	$28.9M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.58	+0.138%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0223%	1h	788.23	+0.220%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	787.31	+0.103%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.45	−0.006%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.90	+0.051%	$1.1M	$908K	20x	as long as short
Hibachi BNB/USDT-P	+0.0440%	1h	787.31	+0.103%	$67K	$39K	12x	as long as short