Funding you earn now, next payment 21:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: Coinbase International against SoDEX−0.161%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 3 days (all we have)−0.077%−$8 on $10k
+Price spread, last 3 days (all we have)+0.145%+$14 · spread now −0.161%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.125% cheaper against SoDEX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX BNB-USD | 806.10 | 0.0204 | pay 0.0026% / 1h | 23m 13s | $396K | $1.0M | 10x |
| Short | Coinbase International BNB-PERP-INTX | 804.80 | 0.0088 | get 0.0011% / 1h | 23m 13s | $609K | $879K | 50x |
SoDEX BNB-USD
Coinbase International BNB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$24.45
- Price spread: −0.161% → −0.036%
- −$12.54
- Slippage, 4 orders
- −$10.15
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$65.14
- Costs to cover
- 0.281%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 1 min ago; Coinbase International: live order book, 65 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, 1 min ago | 0.62 bp | 5.2 bp −$5 | 9.4 bp −$94 | 81.1 bp −$8,114 | doesn't fit |
| Sell Coinbase International live order book, 65 min ago | 3.05 bp | 8.6 bp −$9 | 14.0 bp −$140 | 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 −0.0195% / S +0.0371% | 1h | 805.96 | −0.017% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.56 | +0.057% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.40 | −0.087% | $3.0M | $29.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.30 | +0.025% | $112K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 805.99 | −0.014% | $871K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 806.02 | −0.010% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 806.05 | −0.006% | $2.5M | $908K | 50x | as long as short |
| Variational Omni BNB | +0.0048% | 8h | 805.22 | −0.109% | $4.0M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0052% | 8h | 806.06 | −0.005% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0077% | 8h | 805.80 | −0.037% | $139.8M | $82.5M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTXshort | +0.0088% | 1h | 804.80 | −0.161% | $609K | $879K | 50x | |
| Aster BNBUSDT | +0.0096% | 8h | 806.75 | +0.081% | $6.4M | $18.8M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 806.31 | +0.026% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 805.85 | −0.031% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 806.38 | +0.034% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 805.90 | −0.025% | $55.2M | $115.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.40 | +0.037% | $53K | $168K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 805.90 | −0.025% | $36.0M | $58.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 805.90 | −0.025% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.73 | −0.046% | $79.3M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.49 | −0.076% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.60 | −0.062% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.98 | −0.015% | $119K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 806.08 | −0.002% | $390K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 806.22 | +0.015% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 806.80 | +0.086% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 806.54 | +0.054% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 805.60 | −0.062% | $8.2M | $7.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.90 | +0.100% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 805.75 | −0.044% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 806.26 | +0.020% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0110% | 8h | 807.00 | +0.112% | $84.7M | $13.6M | 200x | as long as short |
| Binance BNBUSDT | +0.0111% | 8h | 806.75 | +0.080% | $521.0M | $804.3M | 75x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 805.78 | −0.040% | $173K | $35K | 10x | as long as short |
| Phemex BNBUSDT | +0.0126% | 8h | 806.69 | +0.073% | $70.4M | $51.8M | 50x | as long as short |
| Hyperliquid BNB | +0.0179% | 1h | 806.82 | +0.089% | $51.8M | $21.3M | 10x | as long as short |
| Bulk BNB-USD | +0.0197% | 1h | 804.34 | −0.218% | $650K | $11K | 10x | as long as short |
| SoDEX BNB-USDlong | +0.0204% | 1h | 806.10 | long leg | $396K | $1.0M | 10x | |
| RISEx BNB/USDC | +0.0209% | 1h | 806.45 | +0.043% | $1.2M | $1.5M | 20x | as long as short |
| BloFin BNB-USDT | +0.0231% | 8h | 806.77 | +0.083% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0240% | 1h | 805.61 | −0.061% | $71K | $48K | 12x | as long as short |
| dYdX BNB-USD | +0.0254% | 1h | 805.64 | −0.057% | $170K | $55K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 805.79 | −0.038% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 807.16 | +0.131% | $29K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.89 | −0.150% | $19K | $627K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0654% | 1h | 807.02 | +0.114% | $3.0M | $5.5M | 40x | as long as short |
Aster BNBUSDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Phemex BNBUSDT
Hyperliquid BNB
Bulk BNB-USD
RISEx BNB/USDC
BloFin BNB-USDT
Hibachi BNB/USDT-P
dYdX BNB-USD
Reya BNBRUSDPERP
01 Exchange BNBUSD
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP