BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0101%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.042%

Price spread now: Bulk against SoDEX+0.176%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$170.168% of the position

Long on SoDEX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.201%+$20 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.176%, 7d avg +0.079%

Together, before fees+0.159%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bulk is 0.097% dearer against SoDEX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	786.50	0.0100	pay 0.0013% / 1h	9m 55s	$387K	$1.0M	10x
Short	Bulk BNB-USD	787.88	0.0201	get 0.0025% / 1h	9m 55s	$639K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against SoDEX. 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 SoDEXbpFee BulkbpOrdersPrice spread, now +0.176%Rate

Funding earned: $21.16
Price spread: +0.176% → +0.079%: $9.68
Slippage, 4 orders: −$1.78
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $14.06
Costs to cover: 0.168%
Break-even: 2.3 days

Slippage from SoDEX: live order book, 4 min ago; Bulk: live order book, 44 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 SoDEX live order book, 4 min ago	0.63 bp	4.6 bp −$5	8.3 bp −$83	73.6 bp −$7,365	doesn't fit
Sell Bulk live order book, 44 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	5.0 bp −$500	13.8 bp −$6,923

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 −0.0192% / S +0.0356%	1h	786.21	−0.037%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0125%	1h	786.43	−0.009%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.35	+0.108%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.70	+0.025%	$123K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.10	+0.203%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.20	−0.038%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0021%	8h	786.95	+0.057%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDT	+0.0033%	8h	786.49	−0.001%	—	$22.3M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.364%	$19K	$789K	30x	as long as short
Phemex BNBUSDT	+0.0040%	8h	786.90	+0.051%	$68.8M	$50.8M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0041%	8h	787.40	+0.114%	$79.8M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0041%	8h	786.90	+0.051%	$490.4M	$803.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	788.00	+0.191%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0078%	1h	787.24	+0.094%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.74	+0.158%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	786.54	+0.005%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.35	−0.019%	$264K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.70	+0.025%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.95	+0.057%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.17	+0.085%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.20	−0.038%	$138.2M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.30	−0.025%	$53.3M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.10	+0.076%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.40	−0.013%	$36.1M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.16	−0.043%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.08	−0.053%	$76.1M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.82	+0.041%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	+0.064%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.75	+0.159%	$4.1M	$74.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.52	+0.130%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.47	−0.004%	$131K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.39	−0.015%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.36	+0.109%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	786.50	long leg	$387K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	787.24	+0.094%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.28	+0.099%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.04	−0.059%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.31	−0.024%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0161%	8h	787.93	+0.182%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0178%	8h	787.99	+0.190%	$2.9M	$28.7M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.69	+0.024%	$1.5M	$143K	25x	as long as short
Bulk BNB-USDshort	+0.0201%	1h	787.88	+0.176%	$639K	$10K	10x
01 Exchange BNBUSD	+0.0240%	1h	787.41	+0.116%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	785.80	−0.089%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	787.38	+0.111%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.15	+0.082%	$1.1M	$894K	20x	as long as short