BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.003%

Price spread now: OKX against Phemex−0.047%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.047%, 7d avg −0.091%

Together, before fees+0.092%+$9 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: OKX is 0.044% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BNBUSDT	786.57	0.0093	pay 0.0093% / 8h	5h 30m	$68.3M	$50.9M	50x
Short	OKX BNB-USDT-SWAP	786.20	0.0100	get 0.0100% / 8h	5h 30m	$53.4M	$101.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $1.43
Price spread: −0.047% → −0.091%: $4.42
Slippage, 4 orders: −$3.57
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$19.72
Costs to cover: 0.256%
Break-even: 103.2 days

Slippage from Phemex: live order book, 2 min ago; OKX: live order book, 1 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	7.0 bp −$7	7.1 bp −$71	10.7 bp −$1,068	doesn't fit
Sell OKX live order book, 1 min ago	0.64 bp	6.3 bp −$6	7.8 bp −$78	19.7 bp −$1,972	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	785.93	−0.082%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0086%	1h	785.89	−0.087%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.49	+0.117%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	786.75	+0.023%	$6.0M	$16.9M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.58	+0.002%	$2.9M	$26.2M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.10	−0.060%	$155K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.86	+0.037%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.78	−0.101%	$9.5M	—	150x	as long as short
Bybit BNBUSDT	+0.0009%	8h	786.03	−0.069%	$138.4M	$65.7M	75x	as long as short
BingX BNB-USDT	+0.0011%	8h	786.39	−0.023%	—	$50.3M	—	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0012%	8h	788.00	+0.182%	$83.3M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0012%	8h	786.99	+0.053%	$480.6M	$759.8M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.355%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0051%	8h	786.47	−0.013%	$18.5M	$2.2M	75x	as long as short
Phemex BNBUSDTlong	+0.0093%	8h	786.57	long leg	$68.3M	$50.9M	50x
Lighter BNB	+0.0096%	1h	786.41	−0.020%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.11	−0.059%	$1.4M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.11	+0.069%	$51.9M	$16.9M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.51	−0.007%	$1.2M	$929K	20x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	786.20	−0.047%	$53.4M	$101.6M	50x
Arcus BNB-USD	+0.0100%	1h	786.50	−0.009%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.25	−0.041%	$41.6M	$54.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.25	−0.041%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.20	−0.047%	$75.7M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.41	−0.020%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.47	−0.140%	$4.3M	$4.4M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	−0.041%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.07	+0.064%	$158K	$459K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.27	−0.038%	$128K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.03	−0.069%	$264K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.51	−0.008%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.10	−0.060%	$386K	$926K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	786.33	−0.031%	$1.5M	$152K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.24	−0.042%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.69	+0.016%	$78K	$899K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.83	−0.094%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.91	−0.085%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0120%	1h	786.27	−0.038%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.08	+0.065%	$548K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	786.83	+0.033%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0305%	1h	787.61	+0.132%	$638K	$811	10x	as long as short
Reya BNBRUSDPERP	+0.0316%	1h	785.49	−0.137%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0336%	1h	786.10	−0.059%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	786.18	−0.050%	$1.1M	$903K	20x	as long as short
dYdX BNB-USD	+0.1165%	1h	786.11	−0.058%	$158K	$34K	10x	as long as short