Funding you earn now, next payment 05:00 UTC+0.0119%/8h= +13.1% APRpaid last 24h +0.046%
Price spread now: Bulk against OKX+0.015%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Funding, last 4 days (all we have)+0.236%+$24 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.015%, 7d avg +0.122%
=Funding pays, the price is against you. Bulk is 0.107% cheaper against OKX than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.122%). If the spread goes back, that is −$11 on $10k: about 3.0 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BNB-USDT-SWAP | 788.40 | 0.0100 | pay 0.0100% / 8h | 3h 31m | $53.4M | $111.7M | 50x |
| Short | Bulk BNB-USD | 788.52 | 0.0219 | get 0.0027% / 1h | 31m 23s | $639K | $9K | 10x |
OKX BNB-USDT-SWAP
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $25.06
- Price spread: +0.015% → +0.122%
- −$10.69
- Slippage, 4 orders
- −$1.39
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$4.02
- Costs to cover
- 0.184%
- Break-even
- 8.1 days
Slippage from OKX: live order book, 3 min ago; Bulk: live order book, 23 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, 3 min ago | 0.63 bp | 5.6 bp −$6 | 7.5 bp −$75 | 20.3 bp −$2,033 | doesn't fit |
| Sell Bulk live order book, 23 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 5.0 bp −$500 | 13.8 bp −$6,923 |
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 | 788.41 | +0.001% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 788.39 | −0.002% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.29 | −0.014% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.91 | +0.065% | $851K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 788.44 | +0.005% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0028% | 8h | 788.99 | +0.074% | $6.1M | $18.8M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.117% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0040% | 8h | 788.61 | +0.027% | — | $22.4M | — | as long as short |
| Phemex BNBUSDT | +0.0048% | 8h | 788.83 | +0.055% | $69.0M | $50.6M | 50x | as long as short |
| Binance BNBUSDT | +0.0049% | 8h | 789.05 | +0.082% | $492.1M | $798.7M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDT
Phemex BNBUSDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0049% | 8h | 789.30 | +0.114% | $80.0M | $12.0M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 790.26 | +0.236% | $580K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 788.43 | +0.004% | $169K | $35K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.23 | −0.022% | $2.7M | $3.8M | 20x | as long as short |
| dYdX BNB-USD | +0.0097% | 1h | 788.56 | +0.020% | $160K | $64K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.54 | +0.018% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.95 | −0.057% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.06 | +0.084% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.35 | −0.006% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.37 | −0.004% | $138.7M | $73.8M | 75x | as long as short |
| OKX BNB-USDT-SWAPlong | +0.0100% | 8h | 788.40 | long leg | $53.4M | $111.7M | 50x | |
| Arcus BNB-USD | +0.0100% | 1h | 788.40 | 0.000% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.40 | 0.000% | $35.8M | $57.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.12 | −0.036% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.18 | −0.028% | $76.3M | $30.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.49 | +0.011% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.71 | −0.087% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.62 | +0.028% | $4.1M | $73.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.47 | +0.009% | $159K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.16 | −0.030% | $130K | $953K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 788.60 | +0.026% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.67 | +0.035% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.70 | +0.038% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.30 | −0.013% | $8.1M | $9.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 788.43 | +0.003% | $77K | $17K | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0102% | 8h | 788.80 | +0.051% | $126K | $2.7M | 4.8x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.12 | −0.036% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.53 | +0.016% | $379K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0170% | 8h | 788.91 | +0.065% | $18.1M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0174% | 8h | 789.08 | +0.086% | $2.9M | $28.7M | 10x | as long as short |
| Bulk BNB-USDshort | +0.0219% | 1h | 788.52 | +0.015% | $639K | $9K | 10x | |
| 01 Exchange BNBUSD | +0.0240% | 1h | 788.74 | +0.043% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 789.02 | +0.078% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0325% | 1h | 788.14 | −0.033% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0416% | 1h | 788.36 | −0.005% | $67K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 788.57 | +0.022% | $1.1M | $893K | 20x | as long as short |
MEXC BNB_USDT
Coinbase International BNB-PERP-INTX
Phoenix BNB
Lighter BNB
dYdX BNB-USD
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Kalshi KXBNBPERP
Extended BNB-USD
Aevo BNB-PERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC