BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against Phemex−0.152%50s7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.354% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.305%+$31 · spread now −0.152%, 7d avg −0.080%

Together, before fees+0.378%+$38 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: KuCoin is 0.072% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.080%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BNBUSDT	787.93	0.0101	pay 0.0101% / 8h	7h 47m	$68.7M	$51.1M	50x
Short	KuCoin BNBUSDTM	786.73	0.0100	get 0.0100% / 8h	7h 47m	$27.7M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$0.21
Price spread: −0.152% → −0.080%: −$7.21
Slippage, 4 orders: −$11.42
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.84
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from Phemex: live order book, 7 min ago; KuCoin: live order book, 11 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, 7 min ago	0.38 bp	6.5 bp −$7	6.5 bp −$65	10.9 bp −$1,092	doesn't fit
Sell KuCoin live order book, 11 min ago	0.45 bp	7.1 bp −$7	22.9 bp −$229	52.1 bp −$5,210	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	787.27	−0.083%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.46	−0.060%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.15	−0.099%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.49	−0.056%	$3.0M	$27.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	787.82	−0.014%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.06	−0.111%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	787.62	−0.039%	$6.0M	$18.5M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.178%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0036%	8h	787.24	−0.088%	—	$22.1M	—	as long as short
MEXC BNB_USDT	+0.0044%	8h	788.70	+0.098%	$82.0M	$12.1M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0044%	8h	787.61	−0.041%	$490.0M	$812.0M	75x	as long as short
dYdX BNB-USD	+0.0082%	1h	787.07	−0.110%	$157K	$64K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.27	−0.084%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.95	−0.124%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.62	−0.039%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.33	−0.076%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.00	−0.118%	$138.6M	$73.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.90	−0.131%	$53.5M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.20	−0.093%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.10	−0.105%	$39.2M	$55.4M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	786.73	−0.152%	$27.7M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	786.67	−0.160%	$75.5M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.32	−0.077%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.62	−0.166%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.45	−0.061%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.37	−0.071%	$158K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.25	−0.086%	$132K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.36	−0.072%	$265K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.23	−0.089%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.62	−0.039%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.40	−0.067%	$387K	$950K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.52	−0.052%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.53	−0.050%	$78K	$17K	50x	as long as short
Phemex BNBUSDTlong	+0.0101%	8h	787.93	long leg	$68.7M	$51.1M	50x
Extended BNB-USD	+0.0104%	1h	786.75	−0.150%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.23	−0.089%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	787.70	−0.029%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	786.59	−0.170%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	787.50	−0.055%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0165%	8h	787.72	−0.027%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.71	−0.028%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0215%	1h	787.68	−0.032%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.61	−0.041%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	786.81	−0.142%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	787.42	−0.065%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	787.16	−0.098%	$67K	$39K	12x	as long as short