BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.001%

Price spread now: Phoenix against Arcus+0.127%7-day average −0.015% · 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−$31as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on Arcus Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.065%−$6 · spread now +0.127%, 7d avg −0.015%

Together, before fees−0.064%−$6 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 Phoenix is 0.141% dearer against Arcus than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	804.60	0.0100	pay 0.0013% / 1h	4m 44s	$53K	$170K	10x
Short	Phoenix BNB	805.62	0.0125	get 0.0016% / 1h	4m 44s	$173K	$35K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.127%Rate

Funding earned: $5.28
Price spread: +0.127% → −0.015%: $14.13
Slippage, 4 orders: −$34.09
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$26.18
Costs to cover: 0.456%
Break-even: 41.7 days

Slippage from Arcus: live order book, 18 min ago; Phoenix: live order book, 11 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, 18 min ago	6.20 bp	9.6 bp −$10	24.6 bp −$246	doesn't fit	doesn't fit
Sell Phoenix live order book, 11 min ago	0.99 bp	12.4 bp −$12	43.1 bp −$431	doesn't fit	doesn't fit

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 −0.0195% / S +0.0371%	1h	804.05	−0.068%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.62	+0.002%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.17	+0.071%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.80	+0.025%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.28	−0.040%	$869K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.07	−0.066%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.15	−0.056%	$2.5M	$928K	50x	as long as short
Variational Omni BNB	+0.0048%	8h	803.61	−0.123%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0056%	8h	804.09	−0.063%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	803.70	−0.112%	$139.5M	$81.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.15	+0.068%	$608K	$880K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.35	−0.031%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	804.71	+0.014%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.80	−0.099%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.36	−0.030%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.00	−0.075%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	804.60	long leg	$53K	$170K	10x
Gate BNB_USDT	+0.0100%	8h	803.95	−0.081%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.98	−0.077%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.61	−0.123%	$78.9M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.38	+0.097%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.72	+0.015%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.01	−0.073%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.15	−0.056%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.36	−0.030%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.70	+0.012%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.20	−0.049%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.82	+0.027%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	803.72	−0.110%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.28	−0.040%	$386K	$40K	10x	as long as short
Binance BNBUSDT	+0.0115%	8h	804.70	+0.013%	$519.9M	$805.7M	75x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.00	+0.050%	$84.5M	$13.7M	200x	as long as short
Phoenix BNBshort	+0.0125%	1h	805.62	+0.127%	$173K	$35K	10x
Phemex BNBUSDT	+0.0138%	8h	804.71	+0.014%	$70.2M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0190%	1h	804.20	−0.050%	$396K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.65	+0.006%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0201%	1h	804.69	+0.011%	$51.8M	$22.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.36	−0.029%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0232%	1h	804.12	−0.060%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0235%	8h	804.75	+0.019%	$18.9M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.096%	$651K	$14K	10x	as long as short
Hibachi BNB/USDT-P	+0.0264%	1h	804.40	−0.024%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.75	−0.106%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	804.96	+0.045%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	+0.036%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0655%	1h	805.15	+0.068%	$3.0M	$5.5M	40x	as long as short