BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h −0.012%

Price spread now: Coinbase International against Arcus+0.010%7-day average −0.101% · 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−$25as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.139%−$14 on $10k

Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.010%, 7d avg −0.101%

Together, before fees−0.414%−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.111% dearer against Arcus than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.101%. Mind the row above: over the last 4 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	787.40	0.0100	pay 0.0013% / 1h	54m 02s	$57K	$122K	10x
Short	Coinbase International BNB-PERP-INTX	787.48	0.0120	get 0.0015% / 1h	54m 02s	$545K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.010%Rate

Funding earned: $4.2
Price spread: +0.010% → −0.101%: $11.13
Slippage, 4 orders: −$21.67
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$20.84
Costs to cover: 0.362%
Break-even: 41.7 days

Slippage from Arcus: live order book, 57 min ago; Coinbase International: live order book, 3 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, 57 min ago	6.37 bp	11.2 bp −$11	28.8 bp −$288	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	1.97 bp	7.2 bp −$7	13.2 bp −$132	doesn't fit	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	787.12	−0.035%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.10	−0.038%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	+0.088%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.80	+0.051%	$5.9M	$17.1M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.88	+0.061%	$2.9M	$26.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.60	+0.025%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.25	+0.108%	$850K	$2.9M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	787.52	+0.015%	$1.5M	$157K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.09	−0.039%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0015%	8h	788.90	+0.191%	$83.4M	$11.7M	200x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0016%	8h	787.79	+0.050%	$481.5M	$766.0M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.247%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0046%	8h	786.90	−0.064%	$138.6M	$67.0M	75x	as long as short
BloFin BNB-USDT	+0.0065%	8h	788.01	+0.077%	$18.4M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0090%	8h	787.79	+0.050%	$68.5M	$51.1M	50x	as long as short
Phoenix BNB	+0.0094%	1h	787.95	+0.070%	$158K	$45K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.38	−0.003%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.95	−0.057%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.83	+0.055%	$51.9M	$16.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.54	+0.018%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.00	−0.051%	$53.3M	$102.1M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	787.40	long leg	$57K	$122K	10x
Gate BNB_USDT	+0.0100%	8h	787.15	−0.032%	$41.1M	$53.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.98	−0.053%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.89	−0.065%	$75.6M	$30.7M	75x	as long as short
BingX BNB-USDC	+0.0100%	8h	787.26	−0.018%	—	$13.4M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.61	+0.027%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.85	−0.070%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	+0.052%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.98	+0.074%	$159K	$444K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.19	−0.027%	$130K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.23	−0.022%	$264K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.79	+0.050%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.40	0.000%	$387K	$926K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.57	+0.022%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.74	+0.043%	$78K	$356K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.73	−0.085%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.10	−0.038%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTXshort	+0.0120%	1h	787.48	+0.010%	$545K	$1.9M	50x
01 Exchange BNBUSD	+0.0240%	1h	787.74	+0.043%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0282%	1h	788.09	+0.088%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.79	−0.078%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0320%	1h	787.54	+0.017%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.49	+0.011%	$1.1M	$901K	20x	as long as short
dYdX BNB-USD	+0.1056%	1h	787.47	+0.009%	$158K	$34K	10x	as long as short