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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h −0.065%
Price spread now: Phemex against 01 Exchange+0.044%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on 01 ExchangeShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Phemex is 0.044% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 16 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange BNBUSD795.320.0256pay 0.0032% / 1h27m 45s$28K$2K10x
ShortPhemex BNBUSDT795.670.0042get 0.0042% / 8h6h 27m$69.6M$50.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against 01 Exchange. 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
−$44.86
Price spread: +0.044% → 0.000%
$4.4
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$59.46
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Phemex: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample—————
Sell Phemex live order book, 6 min ago0.06 bp6.1 bp −$66.2 bp −$6210.6 bp −$1,063doesn't fit
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNB on 45 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 −0.0167% / S +0.0335%1h795.07−0.031%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0131%1h795.48+0.020%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h794.82−0.063%$4K$23925xas long as short
StandX BNB-USD0.0000%1h795.55+0.029%$860K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h795.21−0.014%$9.7M—150xas long as short
Variational Omni BNB+0.0025%8h793.33−0.251%$4.1M$4.9M—as long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.228%$19K$789K30xas long as short
Aster BNBUSDT+0.0037%8h796.03+0.089%$6.1M$19.7M200xas long as short
Phemex BNBUSDTshort+0.0042%8h795.67+0.044%$69.6M$50.8M50x
GRVT BNB_USDT_Perp+0.0044%8h793.45−0.235%$3.0M$28.8M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BNB_USDT+0.0046%8h795.35+0.004%$35.3M$56.0M75xas long as short
BingX BNB-USDC+0.0048%8h795.52+0.025%—$13.3M—as long as short
Coinbase International BNB-PERP-INTX+0.0056%1h791.17−0.522%$607K$1.1M50xas long as short
MEXC BNB_USDT+0.0063%8h796.10+0.098%$82.5M$12.8M200xas long as short
Binance BNBUSDT+0.0064%8h795.98+0.083%$495.3M$811.4M75xas long as short
dYdX BNB-USD+0.0065%1h794.66−0.082%$161K$63K10xas long as short
Phoenix BNB+0.0088%1h793.37−0.245%$170K$36K10xas long as short
Lighter BNB+0.0096%1h795.62+0.038%$2.8M$4.0M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h795.36+0.005%$384K$409K50xas long as short
Nado BNB-PERP+0.0100%1h794.40−0.116%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h795.93+0.077%$52.2M$19.8M10xas long as short
Pacifica BNB+0.0100%1h794.84−0.060%$1.2M$925K20xas long as short
Bybit BNBUSDT+0.0100%8h795.39+0.009%$139.1M$75.9M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h795.30−0.003%$53.3M$110.7M50xas long as short
Arcus BNB-USD+0.0100%1h794.90−0.053%$52K$134K10xas long as short
KuCoin BNBUSDTM+0.0100%8h795.17−0.019%$27.8M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h795.18−0.018%$77.5M$28.3M75xas long as short
edgeX BNBUSDC+0.0100%4h794.24−0.136%$4.1M$77.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h794.07−0.157%$160K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h794.87−0.057%$111K$886K10xas long as short
Derive BNB-PERP+0.0100%1h795.54+0.028%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h795.52+0.026%$12K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h795.60+0.035%$391K$996K10xas long as short
HTX BNB-USDT+0.0100%8h794.34−0.123%$8.2M$8.8M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h795.15−0.021%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h795.05−0.034%$1.7M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h795.52+0.026%$382K$110K10xas long as short
RISEx BNB/USDC+0.0131%1h795.08−0.030%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0159%8h795.30−0.003%$112K$2.7M4.8xas long as short
Bulk BNB-USD+0.0175%1h792.60−0.342%$642K$16K10xas long as short
01 Exchange BNBUSDlong+0.0256%1h795.32long leg$28K$2K10x
Reya BNBRUSDPERP+0.0329%1h794.76−0.071%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0392%1h796.13+0.102%$2.7M$5.7M40xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h795.96+0.080%$1.6M$160K25xas long as short
Hibachi BNB/USDT-P+0.0536%1h794.74−0.072%$68K$38K12xas long as short