BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.23 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against Phemex−0.163%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 3 days (all we have)+0.266%+$27 · spread now −0.163%, 7d avg −0.110%

Together, before fees+0.332%+$33 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 Bitget is 0.053% cheaper against Phemex than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.110%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.065%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BNBUSDT	803.35	0.0123	pay 0.0123% / 8h	2h 52m	$70.1M	$51.7M	50x
Short	Bitget BNBUSDT	802.04	0.0100	get 0.0100% / 8h	2h 52m	$78.9M	$24.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now −0.163%Rate

Funding earned: −$4.77
Price spread: −0.163% → −0.110%: −$5.26
Slippage, 4 orders: −$1.86
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$35.89
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Bitget: 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 Phemex live order book, 2 min ago	0.06 bp	6.5 bp −$7	7.0 bp −$70	13.3 bp −$1,330	doesn't fit
Sell Bitget live order book, 2 min ago	0.06 bp	6.9 bp −$7	9.2 bp −$92	13.5 bp −$1,353	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 −0.0195% / S +0.0371%	1h	802.89	−0.057%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.42	+0.009%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.43	+0.134%	$3.0M	$30.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.40	+0.006%	$110K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.92	+0.071%	$869K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.84	−0.063%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.81	−0.067%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0068%	8h	803.35	0.000%	$4.1M	$5.3M	—	as long as short
Aster BNBUSDT	+0.0087%	8h	803.34	−0.001%	$6.3M	$18.9M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.080%	$608K	$899K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	802.79	−0.069%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.35	−0.124%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.99	−0.045%	$1.2M	$923K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	802.20	−0.143%	$138.9M	$83.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.50	−0.106%	$54.9M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.90	−0.056%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.35	−0.124%	$35.9M	$58.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.61	−0.092%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	802.04	−0.163%	$78.9M	$24.6M	75x
edgeX BNBUSDC	+0.0100%	4h	804.47	+0.139%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.95	+0.075%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.66	−0.086%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.74	−0.076%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.95	−0.050%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.38	+0.003%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.30	−0.006%	$1.6M	$162K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.92	−0.054%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.36	+0.001%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.60	+0.031%	$84.3M	$13.5M	200x	as long as short
BingX BNB-USDC	+0.0102%	8h	803.25	−0.012%	—	$13.3M	—	as long as short
Binance BNBUSDT	+0.0102%	8h	803.17	−0.022%	$518.1M	$807.5M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.07	−0.159%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.68	−0.084%	$386K	$40K	10x	as long as short
SoDEX BNB-USD	+0.0106%	1h	802.80	−0.068%	$395K	$1.0M	10x	as long as short
Phemex BNBUSDTlong	+0.0123%	8h	803.35	long leg	$70.1M	$51.7M	50x
Phoenix BNB	+0.0125%	1h	805.11	+0.219%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0140%	1h	805.09	+0.216%	$650K	$11K	10x	as long as short
Hyperliquid BNB	+0.0178%	1h	803.26	−0.011%	$51.6M	$21.3M	10x	as long as short
dYdX BNB-USD	+0.0192%	1h	803.01	−0.042%	$170K	$55K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	802.99	−0.045%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.74	+0.049%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.57	+0.028%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.48	−0.109%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	803.51	+0.020%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.195%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0666%	1h	803.66	+0.039%	$3.0M	$5.3M	40x	as long as short