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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 05:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.023%
Price spread now: gTrade (Gains Network) against Phemex−0.077%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$285as in the Price arb table
costs, in and out, $10k−$2852.849% of the position
Long on PhemexShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.053%−$5 on $10k
Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.077%, 7d avg −0.073%
Together, before fees+0.006%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT787.270.0049pay 0.0049% / 8h3h 01m$68.9M$50.7M50x
ShortgTrade (Gains Network) BNB/USD786.67L +0.0007% / S −0.0007%get 0.0001% / 1h1m 50s$9.5M—150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$8.83
Price spread: −0.077% → −0.073%
−$0.35
Slippage, 4 orders
−$262.87
Fee Phemex: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$294.04
Costs to cover
2.849%
Break-even
never at this rate
Slippage from Phemex: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 2 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 Phemex live order book, 2 min ago0.13 bp8.6 bp −$99.3 bp −$9314.4 bp −$1,438doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago130.00 bp135.0 bp −$135135.0 bp −$1,350484.2 bp −$48.4K3301.4 bp −$1.65M

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 −0.0192% / S +0.0356%1h786.58−0.087%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h786.71−0.072%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h787.07−0.025%$4K$4225xas long as short
Kalshi KXBNBPERP0.0000%8h787.20−0.009%$122K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h788.43+0.147%$850K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDshortL +0.0007% / S −0.0007%1h786.67−0.077%$9.5M—150x
Aster BNBUSDT+0.0023%8h787.23−0.005%$6.1M$19.1M200xas long as short
BingX BNB-USDC+0.0033%8h787.25−0.003%—$13.4M—as long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.264%$19K$789K30xas long as short
MEXC BNB_USDT+0.0044%8h787.60+0.042%$79.8M$12.1M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0044%8h787.35+0.010%$490.1M$804.3M75xas long as short
Phemex BNBUSDTlong+0.0049%8h787.27long leg$68.9M$50.7M50x
Coinbase International BNB-PERP-INTX+0.0072%1h787.21−0.008%$579K$1.9M50xas long as short
dYdX BNB-USD+0.0075%1h787.22−0.007%$159K$62K10xas long as short
Phoenix BNB+0.0092%1h787.46+0.024%$169K$35K10xas long as short
Lighter BNB+0.0096%1h786.89−0.049%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.73−0.069%$265K$491K50xas long as short
Nado BNB-PERP+0.0100%1h786.55−0.091%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h787.21−0.008%$51.6M$17.5M10xas long as short
Pacifica BNB+0.0100%1h786.85−0.053%$1.2M$934K20xas long as short
Bybit BNBUSDT+0.0100%8h786.50−0.098%$138.2M$74.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.60−0.085%$53.4M$111.6M50xas long as short
Arcus BNB-USD+0.0100%1h786.80−0.060%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h786.55−0.091%$36.2M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.44−0.105%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h786.25−0.130%$76.1M$30.7M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.07−0.025%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.11−0.020%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h787.75+0.061%$4.1M$74.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.00−0.034%$158K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.59−0.086%$131K$956K10xas long as short
Derive BNB-PERP+0.0100%1h786.79−0.061%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.22−0.006%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.90−0.047%$387K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h786.75−0.067%$8.1M$9.7M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.06−0.027%$76K$17K50xas long as short
Extended BNB-USD+0.0104%1h786.34−0.118%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h786.86−0.052%$378K$110K10xas long as short
BloFin BNB-USDT+0.0164%8h787.38+0.014%$17.7M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0185%8h787.96+0.088%$2.9M$28.9M10xas long as short
Bulk BNB-USD+0.0223%1h788.23+0.122%$639K$10K10xas long as short
01 Exchange BNBUSD+0.0248%1h787.30+0.004%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h787.17−0.013%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0324%1h786.40−0.110%$6K$3K40xas long as short
RISEx BNB/USDC+0.0431%1h786.88−0.050%$1.1M$907K20xas long as short
Hibachi BNB/USDT-P+0.0432%1h787.70+0.054%$67K$39K12xas long as short