BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0122%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.043%

Price spread now: Bulk against Arcus+0.067%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Arcus Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.168%+$17 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.067%, 7d avg +0.003%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bulk is 0.064% dearer against Arcus than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	789.60	0.0100	pay 0.0013% / 1h	24m 31s	$52K	$130K	10x
Short	Bulk BNB-USD	790.13	0.0222	get 0.0028% / 1h	24m 31s	$640K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Arcus. 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 ArcusbpFee BulkbpOrdersPrice spread, now +0.067%Rate

Funding earned: $25.52
Price spread: +0.067% → +0.003%: $6.39
Slippage, 4 orders: −$13.36
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $7.05
Costs to cover: 0.249%
Break-even: 5.1 days

Slippage from Arcus: live order book, 33 min ago; Bulk: live order book, 35 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 Arcus live order book, 33 min ago	3.16 bp	9.0 bp −$9	29.7 bp −$297	doesn't fit	doesn't fit
Sell Bulk live order book, 35 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	6.0 bp −$601	15.9 bp −$7,951

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 −0.0186% / S +0.0351%	1h	789.53	−0.008%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.89	+0.037%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.60	0.000%	$852K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.49	−0.013%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.962%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0040%	8h	789.97	+0.047%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0052%	8h	789.67	+0.009%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.019%	$582K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0064%	8h	789.88	+0.035%	$493.3M	$790.5M	75x	as long as short
MEXC BNB_USDT	+0.0065%	8h	790.10	+0.063%	$80.2M	$12.4M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0066%	8h	790.09	+0.062%	$69.1M	$49.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.46	−0.017%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.61	+0.001%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.45	−0.019%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.04	+0.056%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.52	−0.010%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.28	−0.041%	$138.8M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.051%	$53.4M	$111.2M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	789.60	long leg	$52K	$130K	10x
Gate BNB_USDT	+0.0100%	8h	789.15	−0.057%	$35.5M	$57.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.22	−0.048%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.95	−0.082%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.73	+0.016%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.00	−0.075%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.13	+0.067%	$4.1M	$73.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.94	+0.043%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.40	−0.025%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.68	+0.010%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.05	+0.057%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.70	+0.013%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.56	−0.005%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.13	+0.067%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.84	−0.096%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.50	−0.013%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	791.77	+0.275%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0134%	1h	789.35	−0.032%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0145%	8h	790.08	+0.061%	$2.9M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0179%	8h	790.50	+0.114%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	790.17	+0.072%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USDshort	+0.0222%	1h	790.13	+0.067%	$640K	$9K	10x
01 Exchange BNBUSD	+0.0232%	1h	789.94	+0.043%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.45	−0.018%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.00	+0.050%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.29	−0.039%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	789.46	−0.018%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.56	−0.005%	$1.1M	$967K	20x	as long as short