BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0115%/8h= +12.6% APRnext payment +$0.14 per $10,000 · paid last 24h +0.052%

Price spread now: 01 Exchange against Phoenix+0.110%52s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and 01 Exchange is 0.110% dearer against Phoenix than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Phoenix BNB	788.48	0.0117	pay 0.0015% / 1h	2m 09s	$169K	$35K	10x
Short	01 Exchange BNBUSD	789.35	0.0232	get 0.0029% / 1h	2m 09s	$28K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.110%Rate

Funding earned: $24.09
Price spread: +0.110% → 0.000%: $11.03
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $21.12
Costs to cover: 0.140%
Break-even: 0.9 days

Slippage unknown: Phoenix: live order book, 49 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 49 min ago	1.01 bp	12.4 bp −$12	50.9 bp −$509	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0190% / S +0.0354%	1h	788.92	+0.056%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.21	+0.093%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	+0.071%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.98	+0.064%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.107%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	789.54	+0.134%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0047%	8h	788.67	+0.024%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0057%	8h	790.00	+0.193%	$80.1M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0058%	8h	789.61	+0.143%	$492.8M	$791.2M	75x	as long as short
Phemex BNBUSDT	+0.0060%	8h	789.60	+0.142%	$69.0M	$50.3M	50x	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	+0.0064%	1h	788.26	−0.028%	$579K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.24	+0.096%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.10	+0.079%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.65	+0.022%	$1.5M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.52	+0.132%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.92	+0.056%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.90	+0.053%	$138.8M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.90	+0.053%	$53.4M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.90	+0.053%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.90	+0.053%	$35.5M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.87	+0.049%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.77	+0.037%	$76.4M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.46	+0.124%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.097%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.39	−0.012%	$4.1M	$73.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.05	−0.055%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.76	+0.036%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.14	+0.084%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.29	+0.103%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.20	+0.091%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.60	+0.015%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.17	+0.087%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.68	+0.026%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.04	+0.071%	$379K	$110K	10x	as long as short
Phoenix BNBlong	+0.0117%	1h	788.48	long leg	$169K	$35K	10x
dYdX BNB-USD	+0.0122%	1h	788.57	+0.011%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0154%	8h	788.72	+0.030%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	789.30	+0.104%	$133K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0178%	8h	789.48	+0.127%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	788.57	+0.011%	$639K	$9K	10x	as long as short
01 Exchange BNBUSDshort	+0.0232%	1h	789.35	+0.110%	$28K	$4K	10x
Kraken Futures PF_BNBUSD	+0.0263%	1h	788.96	+0.061%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.50	+0.129%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	788.60	+0.016%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0360%	1h	788.80	+0.041%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.05	+0.072%	$1.1M	$967K	20x	as long as short