BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0261%/8h= +28.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.096%

Price spread now: dYdX against Arcus−0.076%7-day average −0.100% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$660.655% of the position

Long on Arcus Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.308%+$31 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.076%, 7d avg −0.100%

Together, before fees+0.288%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and dYdX is 0.024% dearer against Arcus than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	800.60	0.0100	pay 0.0013% / 1h	3m 31s	$53K	$151K	10x
Short	dYdX BNB-USD	799.99	0.0361	get 0.0045% / 1h	3m 31s	$161K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $54.76
Price spread: −0.076% → −0.100%: $2.36
Slippage, 4 orders: −$51.04
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$8.41
Costs to cover: 0.655%
Break-even: 8.1 days

Slippage from Arcus: live order book, 15 min ago; dYdX: live order book, 15 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, 15 min ago	5.61 bp	13.4 bp −$13	27.6 bp −$276	doesn't fit	doesn't fit
Sell dYdX live order book, 15 min ago	14.76 bp	20.0 bp −$20	46.2 bp −$462	63.2 bp −$6,320	126.0 bp −$63.0K

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	799.85	−0.093%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.40	−0.025%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.22	−0.047%	$3.0M	$28.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.91	+0.039%	$866K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.94	−0.082%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0028%	8h	798.74	−0.232%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0052%	8h	799.97	−0.079%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	799.52	−0.135%	$139.0M	$78.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.46	−0.018%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	799.17	−0.179%	$605K	$994K	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	+0.0097%	8h	800.61	+0.001%	$6.3M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.63	−0.121%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.41	−0.024%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.60	−0.125%	$54.7M	$113.6M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	800.60	long leg	$53K	$151K	10x
Gate BNB_USDT	+0.0100%	8h	799.90	−0.087%	$35.7M	$59.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.08	−0.065%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.86	−0.092%	$80.7M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.20	−0.050%	$4.2M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.21	−0.049%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.80	−0.100%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.90	−0.087%	$387K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.14	−0.057%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.52	−0.010%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.10	−0.062%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.27	−0.041%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.79	+0.024%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.85	−0.093%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.08	−0.065%	$384K	$40K	10x	as long as short
Kalshi KXBNBPERP	+0.0107%	8h	800.50	−0.012%	$110K	$2.9M	4.8x	as long as short
Phemex BNBUSDT	+0.0116%	8h	800.50	−0.012%	$70.0M	$51.1M	50x	as long as short
MEXC BNB_USDT	+0.0117%	8h	801.10	+0.062%	$83.2M	$13.9M	200x	as long as short
Binance BNBUSDT	+0.0118%	8h	800.65	+0.006%	$500.8M	$818.1M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.03	−0.071%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.39	−0.027%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.91	−0.087%	$2.6M	$965K	50x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	799.87	−0.091%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0237%	8h	800.44	−0.020%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	−0.049%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.561%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0316%	1h	800.57	−0.004%	$51.8M	$21.6M	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	800.38	−0.027%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.83	+0.029%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.45	−0.144%	$6K	$3K	40x	as long as short
dYdX BNB-USDshort	+0.0361%	1h	799.99	−0.076%	$161K	$62K	10x
Backpack BNB_USDC_PERP	+0.0561%	1h	800.88	+0.035%	$2.7M	$5.7M	40x	as long as short