BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.38 per $10,000 · paid last 24h −0.003%

Price spread now: KuCoin against Binance−0.105%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.105%, 7d avg −0.101%

Together, before fees+0.035%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.101%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	787.91	0.0062	pay 0.0062% / 8h	1h 16m	$490.4M	$820.6M	75x
Short	KuCoin BNBUSDTM	787.08	0.0100	get 0.0100% / 8h	1h 16m	$27.7M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.105%Rate

Funding earned: $8.02
Price spread: −0.105% → −0.101%: −$0.42
Slippage, 4 orders: −$9.1
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$23.49
Costs to cover: 0.311%
Break-even: 27.5 days

Slippage from Binance: live order book, 13 min ago; KuCoin: 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 Binance live order book, 13 min ago	0.06 bp	5.1 bp −$5	6.6 bp −$66	14.6 bp −$1,461	doesn't fit
Sell KuCoin live order book, 3 min ago	0.38 bp	9.8 bp −$10	16.3 bp −$163	45.6 bp −$4,564	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 −0.0170% / S +0.0337%	1h	787.40	−0.065%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.96	+0.006%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.18	+0.034%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.47	−0.056%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.180%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0051%	8h	787.65	−0.033%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0051%	8h	788.01	+0.012%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0061%	8h	788.50	+0.075%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDTlong	+0.0062%	8h	787.91	long leg	$490.4M	$820.6M	75x
dYdX BNB-USD	+0.0066%	1h	787.95	+0.006%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	788.09	+0.023%	$68.9M	$51.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.077%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.70	−0.027%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.25	−0.084%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.10	+0.023%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.84	−0.009%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.30	−0.077%	$138.6M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.30	−0.077%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	−0.039%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	−0.058%	$37.7M	$59.4M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	787.08	−0.105%	$27.7M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	787.19	−0.091%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.11	+0.025%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.41	−0.063%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.95	+0.005%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.19	+0.035%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.30	−0.077%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.48	−0.055%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.99	+0.010%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.60	−0.039%	$387K	$979K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.80	−0.015%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.16	+0.032%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.02	−0.113%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.51	−0.051%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0125%	8h	787.90	−0.001%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.70	−0.027%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	788.16	+0.032%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.88	−0.004%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.50	−0.052%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0230%	8h	788.28	+0.047%	$2.9M	$29.4M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.23	+0.041%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0262%	1h	788.32	+0.052%	$639K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	787.12	−0.100%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.69	−0.028%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0496%	1h	787.60	−0.039%	$67K	$39K	12x	as long as short