BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.06 per $10,000 · paid last 24h +0.003%

Price spread now: Phemex against SunX−0.027%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1311.310% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.027%, 7d avg −0.007%

Together, before fees−0.051%−$5 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: Phemex is 0.020% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	799.79	0.0100	pay 0.0100% / 8h	2m 23s	$13K	$1.7M	50x
Short	Phemex BNBUSDT	799.57	0.0094	get 0.0094% / 8h	2m 23s	$69.9M	$50.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$1.34
Price spread: −0.027% → −0.007%: −$2.03
Slippage, 4 orders: −$111.04
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$134.42
Costs to cover: 1.310%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Phemex: live order book, 2 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, 3 min ago	52.79 bp	60.0 bp −$60	75.7 bp −$757	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	0.69 bp	7.0 bp −$7	7.1 bp −$71	11.1 bp −$1,111	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 −0.0201% / S +0.0372%	1h	799.01	−0.097%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.26	−0.066%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.16	−0.078%	$2.5M	$975K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.72	−0.133%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.01	+0.028%	$865K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0007%	8h	797.54	−0.281%	$4.1M	$5.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.00	−0.099%	$9.7M	—	150x	as long as short
BingX BNB-USDC	+0.0030%	8h	799.14	−0.081%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0038%	8h	798.72	−0.133%	$138.7M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.68	−0.138%	$602K	$986K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0079%	8h	799.45	−0.042%	$6.2M	$19.2M	200x	as long as short
Phemex BNBUSDTshort	+0.0094%	8h	799.57	−0.027%	$69.9M	$50.6M	50x
Lighter BNB	+0.0096%	1h	799.27	−0.065%	$2.8M	$4.1M	20x	as long as short
Binance BNBUSDT	+0.0098%	8h	799.51	−0.035%	$497.7M	$818.3M	75x	as long as short
MEXC BNB_USDT	+0.0099%	8h	799.80	+0.002%	$83.1M	$13.6M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.72	−0.133%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.12	−0.083%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.80	−0.123%	$54.4M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.20	−0.073%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.65	−0.142%	$35.7M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.89	−0.112%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.79	−0.125%	$78.9M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.64	−0.143%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.21	−0.072%	$161K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.92	−0.108%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.90	−0.111%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.23	−0.069%	$32K	$5K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	799.79	long leg	$13K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	799.30	−0.061%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.56	−0.028%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.54	−0.030%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.57	−0.027%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.60	−0.148%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.05	−0.092%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	798.37	−0.177%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	799.44	−0.044%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	799.70	−0.011%	$90K	$2.9M	4.8x	as long as short
Bulk BNB-USD	+0.0191%	1h	798.83	−0.120%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0219%	8h	799.70	−0.011%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0247%	1h	799.85	+0.008%	$52.5M	$20.8M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.00	−0.098%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	799.52	−0.033%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.663%	$19K	$789K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0328%	1h	799.43	−0.045%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0329%	1h	798.88	−0.114%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.59	−0.150%	$6K	$3K	40x	as long as short