BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.093%

Price spread now: dYdX against Phoenix−0.078%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$710.712% of the position

Long on Phoenix Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 3 days (all we have)−0.114%−$11 · spread now −0.078%, 7d avg −0.086%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.086%, 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	Phoenix BNB	807.20	0.0155	pay 0.0019% / 1h	37m 16s	$173K	$35K	10x
Short	dYdX BNB-USD	806.57	0.0201	get 0.0025% / 1h	37m 16s	$163K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Phoenix. 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 PhoenixbpFee dYdXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $9.63
Price spread: −0.078% → −0.086%: $0.82
Slippage, 4 orders: −$54.21
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$60.76
Costs to cover: 0.712%
Break-even: 51.2 days

Slippage from Phoenix: live order book, 39 min ago; dYdX: live order book, 47 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 Phoenix live order book, 39 min ago	0.99 bp	12.4 bp −$12	50.9 bp −$509	doesn't fit	doesn't fit
Sell dYdX live order book, 47 min ago	12.51 bp	19.7 bp −$20	155.0 bp −$1,550	267.1 bp −$26.7K	529.2 bp −$264.6K

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 −0.0201% / S +0.0372%	1h	805.95	−0.155%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.63	−0.071%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	806.76	−0.054%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	807.00	−0.025%	$106K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.55	−0.081%	$872K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.90	−0.161%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0044%	8h	806.56	−0.080%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0058%	8h	806.02	−0.146%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	805.60	−0.198%	$139.5M	$81.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	806.41	−0.098%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.54	−0.206%	$608K	$881K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.85	−0.167%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.35	−0.105%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.80	−0.173%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.60	−0.074%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.90	−0.161%	$36.1M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.58	−0.201%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.46	−0.216%	$78.7M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.06	−0.017%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.65	−0.068%	$162K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.73	−0.182%	$116K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.93	−0.157%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.13	−0.133%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.51	−0.085%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.07	−0.140%	$8.2M	$7.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.77	−0.053%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.56	−0.203%	$1.9M	$6.0M	50x	as long as short
Hibachi BNB/USDT-P	+0.0104%	1h	806.80	−0.050%	$71K	$48K	12x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.07	−0.140%	$387K	$40K	10x	as long as short
Aster BNBUSDT	+0.0107%	8h	806.75	−0.055%	$6.4M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0122%	8h	806.90	−0.037%	$84.7M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0123%	8h	806.54	−0.082%	$520.7M	$804.1M	75x	as long as short
Phemex BNBUSDT	+0.0135%	8h	806.53	−0.083%	$70.4M	$51.8M	50x	as long as short
Phoenix BNBlong	+0.0155%	1h	807.20	long leg	$173K	$35K	10x
SoDEX BNB-USD	+0.0180%	1h	806.10	−0.136%	$397K	$1.0M	10x	as long as short
dYdX BNB-USDshort	+0.0201%	1h	806.57	−0.078%	$163K	$63K	10x
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.91	−0.160%	$2.5M	$930K	50x	as long as short
Hyperliquid BNB	+0.0232%	1h	806.76	−0.055%	$52.2M	$21.9M	10x	as long as short
BloFin BNB-USDT	+0.0242%	8h	806.92	−0.035%	$18.8M	$2.6M	75x	as long as short
Bulk BNB-USD	+0.0295%	1h	807.66	+0.057%	$652K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	806.39	−0.101%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.261%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.35	−0.105%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.52	−0.208%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	806.85	−0.043%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0695%	1h	807.41	+0.026%	$3.0M	$5.5M	40x	as long as short