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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: KuCoin against SoDEX−0.008%7-day average −0.032% · 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−$26as in the Price arb table
costs, in and out, $10k−$280.285% of the position
Long on SoDEXShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.022%−$2 on $10k
Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.008%, 7d avg −0.032%
Together, before fees+0.010%+$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.024% dearer against SoDEX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BNB-USD798.500.0100pay 0.0013% / 1h22m 32s$393K$1.0M10x
ShortKuCoin BNBUSDTM798.440.0100get 0.0100% / 8h22m 32s$28.0M$10.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: −0.008% → −0.032%
$2.45
Slippage, 4 orders
−$8.49
Fee SoDEX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$26.04
Costs to cover
0.285%
Break-even
never at this rate
Slippage from SoDEX: live order book, 1 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 1 min ago0.63 bp4.9 bp −$58.7 bp −$8778.5 bp −$7,854doesn't fit
Sell KuCoin live order book, 6 min ago0.06 bp11.1 bp −$1115.4 bp −$15443.3 bp −$4,332doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h798.26−0.030%$47K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h798.76+0.033%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h798.27−0.029%$2.5M$972K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.10+0.075%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.96+0.058%$863K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.30−0.025%$9.7M—150xas long as short
Variational Omni BNB+0.0013%8h798.06−0.055%$4.1M$5.4M—as long as short
BingX BNB-USDT+0.0035%8h798.81+0.039%—$34.7M—as long as short
Bybit BNBUSDT+0.0043%8h798.80+0.038%$138.6M$77.0M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h799.89+0.174%$606K$986K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0089%8h799.26+0.095%$6.3M$19.1M200xas long as short
Lighter BNB+0.0096%1h798.84+0.042%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h798.83+0.041%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.76+0.033%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.80+0.038%$54.3M$112.9M50xas long as short
Arcus BNB-USD+0.0100%1h799.20+0.088%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h798.55+0.006%$35.8M$58.2M75xas long as short
KuCoin BNBUSDTMshort+0.0100%8h798.44−0.008%$28.0M$10.3M75x
Bitget BNBUSDT+0.0100%8h798.79+0.036%$79.1M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h798.56+0.008%$4.1M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.22+0.090%$161K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.94+0.055%$116K$875K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.27−0.029%$386K$497K50xas long as short
Derive BNB-PERP+0.0100%1h798.47−0.004%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.79+0.036%$13K$1.7M50xas long as short
SoDEX BNB-USDlong+0.0100%1h798.50long leg$393K$1.0M10x
Deribit BNB_USDC-PERPETUAL+0.0100%1h798.69+0.024%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h797.73−0.096%$8.2M$8.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.21+0.088%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h798.53+0.003%$1.8M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h798.36−0.018%$383K$40K10xas long as short
Phemex BNBUSDT+0.0110%8h798.71+0.026%$69.8M$50.5M50xas long as short
MEXC BNB_USDT+0.0110%8h799.50+0.125%$83.0M$13.5M200xas long as short
Binance BNBUSDT+0.0110%8h799.53+0.129%$499.2M$818.1M75xas long as short
Kalshi KXBNBPERP+0.0126%8h798.80+0.038%$89K$2.9M4.8xas long as short
Phoenix BNB+0.0127%1h798.51+0.001%$172K$36K10xas long as short
Hibachi BNB/USDT-P+0.0176%1h798.02−0.061%$70K$43K12xas long as short
Hyperliquid BNB+0.0208%1h799.36+0.108%$52.5M$21.2M10xas long as short
BloFin BNB-USDT+0.0231%8h798.87+0.046%$18.2M$2.5M75xas long as short
Bulk BNB-USD+0.0239%1h800.03+0.192%$650K$19K10xas long as short
RISEx BNB/USDC+0.0258%1h799.09+0.074%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0288%1h799.66+0.145%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.825%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0331%1h798.63+0.016%$6K$3K40xas long as short
dYdX BNB-USD+0.0375%1h798.70+0.025%$161K$62K10xas long as short
Backpack BNB_USDC_PERP+0.0395%1h799.15+0.081%$2.7M$5.7M40xas long as short