BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.004%

Price spread now: SunX against Phemex+0.019%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1301.297% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.019%, 7d avg +0.007%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$1 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	789.93	0.0072	pay 0.0072% / 8h	5h 34m	$69.2M	$51.1M	50x
Short	SunX BNB-USDT	790.08	0.0100	get 0.0100% / 8h	5h 34m	$12K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $5.92
Price spread: +0.019% → +0.007%: $1.24
Slippage, 4 orders: −$109.71
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$122.55
Costs to cover: 1.297%
Break-even: 152.0 days

Slippage from Phemex: live order book, 5 min ago; SunX: 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, 5 min ago	1.14 bp	7.2 bp −$7	7.4 bp −$74	12.8 bp −$1,281	doesn't fit
Sell SunX live order book, 11 min ago	50.05 bp	58.5 bp −$59	65.5 bp −$655	doesn't fit	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 −0.0167% / S +0.0335%	1h	789.42	−0.064%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.74	−0.024%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.05	+0.015%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.38	−0.070%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.919%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0045%	8h	789.98	+0.006%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	−0.106%	$618K	$1.8M	50x	as long as short
BingX BNB-USDC	+0.0058%	8h	789.65	−0.035%	—	$13.4M	—	as long as short
Phemex BNBUSDTlong	+0.0072%	8h	789.93	long leg	$69.2M	$51.1M	50x
MEXC BNB_USDT	+0.0074%	8h	790.20	+0.034%	$80.3M	$12.4M	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	+0.0075%	8h	789.96	+0.004%	$493.9M	$804.5M	75x	as long as short
Variational Omni BNB	+0.0091%	8h	788.80	−0.144%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.33	−0.076%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.49	−0.056%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.49	−0.056%	$266K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.40	−0.067%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.10	+0.022%	$51.8M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.35	−0.073%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.33	−0.076%	$138.8M	$77.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.50	−0.054%	$53.5M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	−0.042%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.25	−0.086%	$35.3M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.35	−0.073%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.21	−0.091%	$76.9M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.56	−0.047%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.01	−0.116%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.30	−0.080%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.39	−0.068%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.70	−0.029%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	790.08	+0.019%	$12K	$1.6M	50x
HTX BNB-USDT	+0.0100%	8h	788.67	−0.160%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.94	+0.002%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.89	−0.132%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.45	−0.061%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.63	−0.165%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0135%	1h	789.60	−0.042%	$388K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0137%	8h	789.50	−0.055%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0189%	8h	789.80	−0.016%	$93K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	790.06	+0.016%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0231%	1h	788.84	−0.138%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	789.97	+0.005%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.92	−0.001%	$1.5M	$147K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.24	−0.087%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	789.69	−0.030%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0383%	1h	789.79	−0.018%	$640K	$6K	10x	as long as short
Hibachi BNB/USDT-P	+0.0592%	1h	789.79	−0.018%	$67K	$38K	12x	as long as short