Settings8H · net · $10k
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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.008%
Price spread now: Coinbase International against OKX+0.179%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$250.247% of the position
Long on OKXShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.179%, 7d avg +0.014%
Together, before fees−0.301%−$30 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: Coinbase International is 0.165% dearer against OKX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BNB-USDT-SWAP785.800.0100pay 0.0100% / 8h42m 57s$53.5M$113.0M50x
ShortCoinbase International BNB-PERP-INTX787.210.0104get 0.0013% / 1h42m 57s$557K$1.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$0.84
Price spread: +0.179% → +0.014%
$16.55
Slippage, 4 orders
−$4.67
Fee OKX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$7.28
Costs to cover
0.247%
Break-even
67.7 days
Slippage from OKX: live order book, 1 min ago; Coinbase International: live order book, 1 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 OKX live order book, 1 min ago0.64 bp5.6 bp −$67.7 bp −$7720.8 bp −$2,085doesn't fit
Sell Coinbase International live order book, 1 min ago1.14 bp6.1 bp −$612.8 bp −$128doesn't fitdoesn'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 −0.0168% / S +0.0337%1h786.45+0.082%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h787.19+0.177%$4K$4225xas long as short
Kraken Futures PF_BNBUSD−0.0050%1h786.43+0.080%$2.5M$1.2M50xas long as short
StandX BNB-USD0.0000%1h787.64+0.234%$849K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.51+0.090%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.455%$19K$789K30xas long as short
BingX BNB-USDC+0.0045%8h786.52+0.092%—$13.4M—as long as short
Aster BNBUSDT+0.0046%8h786.69+0.113%$6.0M$18.9M200xas long as short
dYdX BNB-USD+0.0049%1h786.54+0.095%$159K$62K10xas long as short
MEXC BNB_USDT+0.0055%8h787.40+0.204%$81.1M$11.9M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0055%8h786.55+0.095%$488.7M$821.3M75xas long as short
Phemex BNBUSDT+0.0077%8h787.01+0.154%$68.8M$51.3M50xas long as short
Lighter BNB+0.0096%1h786.59+0.101%$2.7M$3.8M20xas long as short
Phoenix BNB+0.0100%1h787.73+0.246%$169K$35K10xas long as short
Nado BNB-PERP+0.0100%1h786.45+0.083%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h787.04+0.158%$51.5M$17.7M10xas long as short
Pacifica BNB+0.0100%1h786.88+0.137%$1.2M$934K20xas long as short
Bybit BNBUSDT+0.0100%8h785.90+0.013%$138.2M$74.7M75xas long as short
OKX BNB-USDT-SWAPlong+0.0100%8h785.80long leg$53.5M$113.0M50x
Arcus BNB-USD+0.0100%1h786.90+0.140%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h786.05+0.032%$38.2M$57.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.03+0.029%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h785.72−0.010%$76.3M$31.8M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.80+0.127%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.00+0.152%$4.0M$4.7M—as long as short
edgeX BNBUSDC+0.0100%4h787.76+0.249%$4.1M$76.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.25+0.185%$158K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.43+0.080%$131K$953K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.48+0.087%$265K$430K50xas long as short
Derive BNB-PERP+0.0100%1h786.62+0.104%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.11+0.166%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.60+0.102%$387K$974K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h786.84+0.132%$1.5M$145K25xas long as short
HTX BNB-USDT+0.0100%8h786.86+0.135%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.19+0.176%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h785.89+0.011%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h786.45+0.083%$378K$110K10xas long as short
Coinbase International BNB-PERP-INTXshort+0.0104%1h787.21+0.179%$557K$1.9M50x
Kalshi KXBNBPERP+0.0114%8h787.10+0.165%$171K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0175%8h787.18+0.176%$17.7M$2.2M75xas long as short
Bulk BNB-USD+0.0210%1h786.98+0.150%$638K$83110xas long as short
GRVT BNB_USDT_Perp+0.0225%8h787.62+0.232%$2.9M$28.7M10xas long as short
01 Exchange BNBUSD+0.0264%1h787.10+0.165%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0321%1h786.35+0.069%$6K$3K40xas long as short
RISEx BNB/USDC+0.0350%1h786.90+0.141%$1.1M$907K20xas long as short
Hibachi BNB/USDT-P+0.0456%1h787.14+0.171%$67K$39K12xas long as short