BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.94 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against SunX−0.045%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.045%, 7d avg −0.106%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.061% dearer against SunX than usual: you sell high and buy low (spread −0.045% now, against its 7-day average of −0.106%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	798.62	0.0100	pay 0.0100% / 8h	7h 20m	$13K	$1.7M	50x
Short	Bybit BNBUSDT	798.26	0.0006	get 0.0006% / 8h	7h 20m	$138.7M	$76.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$19.81
Price spread: −0.045% → −0.106%: $6.06
Slippage, 4 orders: −$39.22
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$71.96
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Bybit: live order book, 4 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, 5 min ago	15.07 bp	21.6 bp −$22	29.3 bp −$293	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.63 bp	6.4 bp −$6	9.1 bp −$91	22.2 bp −$2,220	124.8 bp −$62.4K

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 −0.0159% / S +0.0335%	1h	798.39	−0.028%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.48	−0.018%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.54	−0.010%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0007%	8h	798.44	−0.022%	—	$13.4M	—	as long as short
Gate BNB_USDT	−0.0002%	8h	798.15	−0.059%	$35.9M	$56.8M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.63	+0.252%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.19	+0.071%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	−0.113%	$4.1M	$5.0M	—	as long as short
Bybit BNBUSDTshort	+0.0006%	8h	798.26	−0.045%	$138.7M	$76.3M	75x
Phemex BNBUSDT	+0.0006%	8h	799.12	+0.063%	$69.8M	$50.2M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.43	−0.023%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.810%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.056%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0055%	8h	798.65	+0.004%	$6.2M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0076%	8h	798.83	+0.027%	$495.9M	$811.4M	75x	as long as short
MEXC BNB_USDT	+0.0077%	8h	799.20	+0.073%	$83.1M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.74	+0.015%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.064%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.85	−0.096%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.37	−0.031%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.30	−0.040%	$54.1M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.60	−0.002%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.11	−0.064%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.04	−0.073%	$78.2M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.04	+0.178%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.98	+0.170%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.15	−0.059%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.54	−0.010%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.64	+0.002%	$32K	$5K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	798.62	long leg	$13K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	798.70	+0.010%	$393K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.09	−0.066%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.75	+0.017%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.12	−0.063%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.57	−0.006%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	+0.082%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.26	−0.044%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	799.20	+0.073%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0197%	8h	798.81	+0.024%	$18.0M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.82	+0.025%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0201%	1h	798.40	−0.027%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	799.00	+0.048%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0299%	1h	798.92	+0.038%	$53.1M	$20.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	798.98	+0.045%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.86	−0.095%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0400%	1h	799.37	+0.094%	$2.7M	$5.7M	40x	as long as short