BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.26 per $10,000 · paid last 24h −0.005%

Price spread now: Phemex against Aster+0.085%52s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.239% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)−0.144%−$14 · spread now +0.085%, 7d avg −0.012%

Together, before fees−0.168%+ Points / potential airdropAster: Stage 5 · farm board−$17 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 Phemex is 0.097% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.012%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	788.20	0.0034	pay 0.0034% / 8h	5h 57m	$6.2M	$18.7M	200x
Short	Phemex BNBUSDT	788.87	0.0060	get 0.0060% / 8h	5h 57m	$69.0M	$50.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now +0.085%Rate

Funding earned: $5.45
Price spread: +0.085% → −0.012%: $9.74
Slippage, 4 orders: −$3.94
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$8.75
Costs to cover: 0.239%
Break-even: 18.3 days

Slippage from Aster: live order book, 2 min ago; Phemex: live order book, 2 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 Aster live order book, 2 min ago	0.25 bp	4.3 bp −$4	5.1 bp −$51	18.6 bp −$1,863	doesn't fit
Sell Phemex live order book, 2 min ago	0.06 bp	6.3 bp −$6	6.7 bp −$67	10.1 bp −$1,008	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	787.67	−0.067%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.66	+0.186%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.36	+0.148%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	787.63	−0.072%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.143%	$19K	$789K	30x	as long as short
Aster BNBUSDTlong	+0.0034%	8h	788.20	long leg	$6.2M	$18.7M	200x
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.66	+0.186%	$619K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0053%	8h	787.87	−0.042%	—	$34.5M	—	as long as short
Phemex BNBUSDTshort	+0.0060%	8h	788.87	+0.085%	$69.0M	$50.8M	50x
Variational Omni BNB	+0.0062%	8h	789.21	+0.129%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0068%	8h	788.30	+0.013%	$80.3M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0069%	8h	788.28	+0.011%	$493.5M	$809.6M	75x	as long as short
Gate BNB_USDT	+0.0074%	8h	787.50	−0.088%	$35.4M	$56.2M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.72	+0.193%	$170K	$34K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.34	+0.019%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.95	−0.031%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.59	−0.077%	$381K	$380K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.70	−0.063%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.26	+0.008%	$51.7M	$18.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.90	−0.038%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.70	−0.063%	$138.6M	$78.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.60	−0.076%	$53.2M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.90	−0.038%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.41	−0.100%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.25	−0.120%	$76.9M	$29.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.60	+0.051%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.88	+0.214%	$4.1M	$77.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.78	+0.201%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.44	−0.096%	$137K	$946K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.76	−0.055%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.35	+0.019%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.93	+0.094%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	788.39	+0.025%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.32	−0.111%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.63	−0.072%	$378K	$110K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0105%	8h	789.83	+0.207%	$2.9M	$28.3M	10x	as long as short
SoDEX BNB-USD	+0.0130%	1h	788.50	+0.038%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0176%	8h	789.20	+0.127%	$91K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0298%	1h	789.80	+0.203%	$640K	$13K	10x	as long as short
dYdX BNB-USD	+0.0309%	1h	788.17	−0.004%	$159K	$64K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	787.36	−0.107%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	788.21	+0.002%	$28K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.04	−0.019%	$1.1M	$1.1M	20x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	788.12	−0.010%	$1.5M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	788.90	+0.089%	$67K	$39K	12x	as long as short