Settings8H · net · $10k
Funding arb · Price arb /

BNC

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0427%/8h= −46.8% APRnext payment $4.27 per $10,000 · paid last 24h +0.015%
Price spread now: Aster against Binance+0.121%7-day average +0.082% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.004%$0 on $10k
Price spread, last 2 days (all we have)+0.179%+$18 · spread now +0.121%, 7d avg +0.082%
Together, before fees+0.175%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.039% dearer against Binance than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.082%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 4 days (−0.004% in total) that is about 32 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.004% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $4.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BNCUSDT6.58800.0540pay 0.0540% / 8h1h 36m$15.4M$36.6M10x
ShortAster BNCUSD16.59600.0113get 0.0113% / 8h1h 36m$189K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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
−$89.72
Price spread: +0.121% → +0.082%
$3.91
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$103.81
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 5 min ago; Aster: live order book, 45 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 Binance live order book, 5 min ago1.52 bp23.2 bp −$2367.0 bp −$670doesn't fitdoesn't fit
Sell Aster live order book, 45 min ago12.12 bp18.5 bp −$19doesn't fitdoesn't fitdoesn't fit

BNC on 9 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
QFEX BNC-USD−0.0018%1h6.5900+0.030%$54K$40K10xas long as short
Bybit BNCUSDT0.0000%8h6.6050+0.258%$597K$2.4M25xas long as short
Bitget BNCUSDT0.0000%8h6.5952+0.109%$1.2M$3.8M5xas long as short
Bullet BNC-USD0.0000%1h6.5998+0.179%$10K$74K10xas long as short
KuCoin BNCUSDTM+0.0100%8h6.6150+0.410%$57K$3.0M20xas long as short
Aster BNCUSD1short+0.0113%8h6.5960+0.121%$189K$23K10x
HTX BNC-USDT+0.0115%8h6.6050+0.258%$14K$32K10xas long as short
Variational Omni BNC+0.0348%8h6.5967+0.133%$86K$74Kas long as short
Binance BNCUSDTlong+0.0540%8h6.5880long leg$15.4M$36.6M10x