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

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.72 per $10,000 · paid last 24h +0.006%
Price spread now: MEXC against Phemex−0.010%7-day average +0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Long on PhemexShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.041%+$4 on $10k
Price spread, last 3 days (all we have)+0.258%+$26 · spread now −0.010%, 7d avg +0.105%
Together, before fees+0.299%+$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.115% cheaper against Phemex than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.105%). If the spread goes back, that is −$11 on $10k: about 5.3 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.041% in total) that is about 20 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT798.880get 0.0000% / 8h7h 08m$69.8M$50.1M50x
ShortMEXC BNB_USDT798.800.0072get 0.0072% / 8h7h 08m$83.1M$13.7M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$15.12
Price spread: −0.010% → +0.105%
−$11.48
Slippage, 4 orders
−$5.34
Fee Phemex: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$17.7
Costs to cover
0.213%
Break-even
15.2 days
Slippage from Phemex: live order book, 6 min ago; MEXC: live order book, 6 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, 6 min ago0.88 bp7.2 bp −$77.8 bp −$7812.7 bp −$1,270doesn't fit
Sell MEXC live order book, 6 min ago0.63 bp4.3 bp −$47.8 bp −$7818.9 bp −$1,89033.6 bp −$16.8K

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 −0.0159% / S +0.0335%1h798.34−0.068%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h797.95−0.116%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.55−0.041%$4K$23925xas long as short
Gate BNB_USDT−0.0003%8h797.60−0.160%$35.9M$57.0M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.74+0.107%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.57+0.086%$865K$2.9M30xas long as short
Phemex BNBUSDTlong0.0000%8h798.88long leg$69.8M$50.1M50x
Variational Omni BNB+0.0008%8h797.92−0.120%$4.1M$5.1M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.33−0.068%$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.777%$19K$789K30xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BNB-USDC+0.0035%8h798.30−0.073%—$13.3M—as long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07+0.024%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0048%8h798.61−0.034%$6.1M$19.4M200xas long as short
Bybit BNBUSDT+0.0071%8h798.00−0.110%$138.6M$76.0M75xas long as short
MEXC BNB_USDTshort+0.0072%8h798.80−0.010%$83.1M$13.7M200x
Binance BNBUSDT+0.0072%8h798.59−0.036%$496.1M$808.1M75xas long as short
Lighter BNB+0.0096%1h798.15−0.091%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.02+0.018%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h797.95−0.116%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.26−0.078%$1.2M$930K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.90−0.123%$54.1M$110.6M50xas long as short
Arcus BNB-USD+0.0100%1h798.30−0.073%$52K$127K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.01−0.109%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h797.68−0.150%$78.1M$28.0M75xas long as short
edgeX BNBUSDC+0.0100%4h798.74−0.017%$4.1M$75.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.57−0.039%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h797.97−0.114%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.33−0.069%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.44−0.055%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.09+0.026%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.40−0.060%$393K$996K10xas long as short
HTX BNB-USDT+0.0100%8h798.40−0.060%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.54−0.042%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h797.57−0.164%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.33−0.069%$383K$110K10xas long as short
Bulk BNB-USD+0.0138%1h797.80−0.135%$648K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.14−0.093%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0161%8h799.10+0.028%$90K$2.8M4.8xas long as short
dYdX BNB-USD+0.0189%1h798.50−0.047%$161K$63K10xas long as short
BloFin BNB-USDT+0.0192%8h799.07+0.024%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0200%1h798.56−0.040%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h798.78−0.013%$1.6M$161K25xas long as short
Hyperliquid BNB+0.0286%1h798.96+0.010%$53.1M$20.1M10xas long as short
Reya BNBRUSDPERP+0.0330%1h797.86−0.128%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0344%1h798.94+0.007%$68K$39K12xas long as short
Backpack BNB_USDC_PERP+0.0431%1h799.02+0.018%$2.7M$5.7M40xas long as short