BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h +0.033%

Price spread now: BloFin against SunX+0.003%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1281.276% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.003%, 7d avg +0.010%

Together, before fees+0.197%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.171%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	788.14	0.0100	pay 0.0100% / 8h	5h 59m	$12K	$1.4M	50x
Short	BloFin BNB-USDT	788.17	0.0070	get 0.0070% / 8h	5h 59m	$18.4M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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 SunXbpFee BloFinbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$6.39
Price spread: +0.003% → +0.010%: −$0.69
Slippage, 4 orders: −$107.56
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$134.65
Costs to cover: 1.276%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; BloFin: live order book, 3 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 SunX live order book, 9 min ago	50.06 bp	56.5 bp −$56	64.1 bp −$641	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.06 bp	6.1 bp −$6	6.8 bp −$68	11.9 bp −$1,187	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	787.50	−0.081%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.52	−0.079%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	−0.007%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	788.15	+0.001%	$6.0M	$17.2M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.90	−0.031%	$2.9M	$26.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.00	−0.018%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.59	+0.057%	$850K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.65	−0.063%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0017%	8h	789.20	+0.134%	$83.4M	$11.7M	200x	as long as short
Binance BNBUSDT	+0.0017%	8h	788.17	+0.003%	$481.8M	$769.5M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.150%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0057%	8h	787.38	−0.097%	$138.6M	$67.6M	75x	as long as short
BloFin BNB-USDTshort	+0.0070%	8h	788.17	+0.003%	$18.4M	$2.2M	75x
Phemex BNBUSDT	+0.0091%	8h	788.08	−0.008%	$68.5M	$51.1M	50x	as long as short
Phoenix BNB	+0.0094%	1h	787.98	−0.021%	$158K	$44K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.75	−0.050%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.45	−0.088%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.20	+0.008%	$51.9M	$16.9M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.90	−0.031%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.40	−0.094%	$53.3M	$102.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.70	−0.056%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.50	−0.082%	$41.0M	$53.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.41	−0.093%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.28	−0.109%	$75.7M	$31.1M	75x	as long as short
BingX BNB-USDT	+0.0100%	8h	787.73	−0.052%	—	$50.2M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.00	−0.018%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.17	−0.124%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.96	−0.023%	$4.1M	$75.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.19	+0.006%	$159K	$444K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.50	−0.082%	$130K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.67	−0.060%	$265K	$297K	50x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	788.14	long leg	$12K	$1.4M	50x
SoDEX BNB-USD	+0.0100%	1h	787.80	−0.044%	$387K	$926K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	787.96	−0.023%	$1.5M	$157K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.75	−0.049%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.05	−0.011%	$78K	$336K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.15	−0.126%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.67	−0.060%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	788.03	−0.014%	$545K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.98	−0.021%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0277%	1h	788.58	+0.055%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	787.00	−0.145%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0328%	1h	787.99	−0.019%	$67K	$37K	12x	as long as short
dYdX BNB-USD	+0.0377%	1h	788.12	−0.003%	$158K	$34K	10x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.79	−0.044%	$1.1M	$901K	20x	as long as short