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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.49 per $10,000 · paid last 24h +0.013%
Price spread now: KuCoin against BingX−0.104%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Long on BingXShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 7 days+0.073%+$7 · spread now −0.104%, 7d avg −0.008%
Together, before fees+0.087%+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.097% cheaper against BingX than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.008%). If the spread goes back, that is −$10 on $10k: about 6.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.014% in total) that is about 48 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BNB-USDC788.000.0051pay 0.0051% / 8h1h 23m—$13.4M—
ShortKuCoin BNBUSDTM787.180.0100get 0.0100% / 8h1h 23m$27.7M$10.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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

Funding earned
$10.29
Price spread: −0.104% → −0.008%
−$9.65
Slippage, 4 orders
−$11.95
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$33.31
Costs to cover
0.339%
Break-even
29.7 days
Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago0.25 bp9.3 bp −$911.2 bp −$11222.5 bp −$2,24773.1 bp −$36.6K
Sell KuCoin live order book, 5 min ago0.44 bp7.8 bp −$815.9 bp −$15947.2 bp −$4,724doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0170% / S +0.0337%1h787.71−0.037%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h787.87−0.016%$4K$4225xas long as short
StandX BNB-USD0.0000%1h788.78+0.099%$851K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.94−0.008%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.169%$19K$789K30xas long as short
BingX BNB-USDClong+0.0051%8h788.00long leg—$13.4M—
Aster BNBUSDT+0.0052%8h788.07+0.009%$6.1M$18.8M200xas long as short
MEXC BNB_USDT+0.0064%8h788.70+0.089%$81.1M$12.1M200xas long as short
Binance BNBUSDT+0.0064%8h788.03+0.004%$490.8M$818.2M75xas long as short
dYdX BNB-USD+0.0068%1h788.07+0.008%$160K$62K10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0076%8h788.56+0.071%$68.9M$51.1M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h787.30−0.089%$568K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.76−0.031%$2.7M$3.8M20xas long as short
Nado BNB-PERP+0.0100%1h787.50−0.063%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h788.25+0.031%$51.6M$17.6M10xas long as short
Pacifica BNB+0.0100%1h787.82−0.023%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.40−0.076%$138.6M$75.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.40−0.076%$53.6M$113.3M50xas long as short
Arcus BNB-USD+0.0100%1h787.90−0.013%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h787.90−0.013%$37.6M$59.2M75xas long as short
KuCoin BNBUSDTMshort+0.0100%8h787.18−0.104%$27.7M$10.2M75x
Bitget BNBUSDT+0.0100%8h787.34−0.084%$76.2M$31.2M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.36+0.046%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.71−0.037%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h787.92−0.010%$4.1M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.27+0.034%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.61−0.049%$132K$951K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.96−0.005%$265K$470K50xas long as short
Derive BNB-PERP+0.0100%1h786.03−0.250%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.22+0.028%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h788.10+0.013%$387K$981K10xas long as short
HTX BNB-USDT+0.0100%8h787.90−0.013%$8.0M$10.2M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h788.29+0.037%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h787.16−0.107%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h787.99−0.001%$379K$110K10xas long as short
Kalshi KXBNBPERP+0.0134%8h787.90−0.013%$170K$2.7M4.8xas long as short
Phoenix BNB+0.0135%1h788.01+0.001%$169K$35K10xas long as short
BloFin BNB-USDT+0.0185%8h788.46+0.058%$17.7M$2.2M75xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h787.94−0.007%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0230%8h788.36+0.046%$2.9M$29.5M10xas long as short
01 Exchange BNBUSD+0.0248%1h788.14+0.018%$28K$4K10xas long as short
Bulk BNB-USD+0.0291%1h787.29−0.090%$638K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.40+0.051%$1.5M$145K25xas long as short
Reya BNBRUSDPERP+0.0322%1h787.81−0.024%$6K$3K40xas long as short
RISEx BNB/USDC+0.0438%1h788.03+0.003%$1.1M$915K20xas long as short
Hibachi BNB/USDT-P+0.0512%1h788.31+0.039%$67K$39K12xas long as short