BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0142%/8h= +15.5% APRnext payment +$1.42 per $10,000 · paid last 24h +0.043%

Price spread now: BloFin against Phemex−0.001%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.001%, 7d avg +0.017%

Together, before fees+0.284%+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BNBUSDT	786.84	0.0024	pay 0.0024% / 8h	7h 56m	$68.6M	$51.1M	50x
Short	BloFin BNB-USDT	786.83	0.0166	get 0.0166% / 8h	7h 56m	$17.7M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.001%Rate

Funding earned: $29.8
Price spread: −0.001% → +0.017%: −$1.81
Slippage, 4 orders: −$3.94
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $0.05
Costs to cover: 0.279%
Break-even: 7.0 days

Slippage from Phemex: live order book, 2 min ago; BloFin: live order book, 12 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	6.2 bp −$6	6.2 bp −$62	12.1 bp −$1,209	doesn't fit
Sell BloFin live order book, 12 min ago	0.13 bp	6.1 bp −$6	6.7 bp −$67	11.4 bp −$1,140	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 −0.0168% / S +0.0337%	1h	786.14	−0.088%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.77	−0.136%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	786.23	−0.078%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	786.22	−0.079%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.19	−0.082%	$9.5M	—	150x	as long as short
dYdX BNB-USD	+0.0008%	1h	786.34	−0.063%	$159K	$62K	10x	as long as short
Phemex BNBUSDTlong	+0.0024%	8h	786.84	long leg	$68.6M	$51.1M	50x
Aster BNBUSDT	+0.0030%	8h	787.01	+0.022%	$6.0M	$18.6M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.319%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0038%	8h	786.08	−0.097%	—	$13.4M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0045%	8h	787.90	+0.135%	$81.3M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0046%	8h	786.96	+0.015%	$489.5M	$812.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	786.56	−0.035%	$2.7M	$3.6M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.66	−0.150%	$158K	$38K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.65	−0.151%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.94	+0.013%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.65	−0.024%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.30	−0.069%	$138.5M	$73.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.30	−0.069%	$53.5M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.00	−0.107%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.40	−0.056%	$38.7M	$55.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.97	−0.111%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.14	−0.089%	$75.4M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.68	−0.020%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.64	−0.279%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.31	−0.195%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.42	−0.180%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.21	−0.080%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.37	−0.060%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.49	−0.044%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.81	−0.004%	$13K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.40	−0.056%	$387K	$954K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.12	−0.092%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.31	−0.067%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.15	−0.088%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.31	−0.067%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0106%	8h	786.90	+0.008%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.84	−0.127%	$547K	$1.9M	50x	as long as short
BloFin BNB-USDTshort	+0.0166%	8h	786.83	−0.001%	$17.7M	$2.2M	75x
GRVT BNB_USDT_Perp	+0.0185%	8h	785.57	−0.161%	$2.9M	$27.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.75	−0.011%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0208%	1h	785.85	−0.126%	$637K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	786.52	−0.041%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	785.82	−0.130%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	786.48	−0.045%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	785.19	−0.209%	$67K	$39K	12x	as long as short