BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.46 per $10,000 · paid last 24h −0.042%

Price spread now: Bybit against BloFin−0.096%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.272%−$27 on $10k

Price spread, last 4 days (all we have)+0.215%+$21 · spread now −0.096%, 7d avg −0.112%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.112%, 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	BloFin BNB-USDT	784.85	0.0146	pay 0.0146% / 8h	7h 28m	$17.8M	$2.2M	75x
Short	Bybit BNBUSDT	784.10	0.0100	get 0.0100% / 8h	7h 28m	$138.1M	$73.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$9.65
Price spread: −0.096% → −0.112%: $1.6
Slippage, 4 orders: −$2.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.04
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Bybit: live order book, 5 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 BloFin live order book, 5 min ago	0.13 bp	6.3 bp −$6	7.9 bp −$79	17.9 bp −$1,789	doesn't fit
Sell Bybit live order book, 5 min ago	0.64 bp	7.4 bp −$7	9.2 bp −$92	23.6 bp −$2,357	112.8 bp −$56.4K

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 −0.0166% / S +0.0337%	1h	784.11	−0.094%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.33	−0.066%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	784.43	−0.054%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	784.92	+0.008%	$3.0M	$27.3M	10x	as long as short
StandX BNB-USD	0.0000%	1h	784.70	−0.019%	$846K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.26	−0.075%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0019%	8h	784.85	0.000%	$5.9M	$18.3M	200x	as long as short
BingX BNB-USDT	+0.0030%	8h	784.43	−0.054%	—	$22.2M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.579%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0036%	8h	785.90	+0.134%	$82.3M	$12.2M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0036%	8h	784.84	−0.001%	$487.8M	$808.5M	75x	as long as short
Lighter BNB	+0.0096%	1h	784.43	−0.054%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.00	−0.108%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.92	+0.009%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.50	−0.044%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDTshort	+0.0100%	8h	784.10	−0.096%	$138.1M	$73.1M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	784.10	−0.096%	$53.3M	$110.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.30	−0.070%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.35	−0.064%	$39.4M	$55.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	783.93	−0.117%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.89	−0.122%	$75.2M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.79	−0.008%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.02	−0.106%	$4.2M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.76	−0.011%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.99	+0.018%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.29	−0.071%	$131K	$924K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.39	−0.059%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.27	−0.075%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.89	+0.005%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.50	−0.045%	$386K	$941K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.31	−0.069%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.72	−0.017%	$78K	$37K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	783.95	−0.115%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.42	−0.055%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0108%	8h	784.90	+0.006%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.76	+0.116%	$547K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	784.43	−0.054%	$158K	$38K	10x	as long as short
BloFin BNB-USDTlong	+0.0146%	8h	784.85	long leg	$17.8M	$2.2M	75x
dYdX BNB-USD	+0.0155%	1h	784.13	−0.092%	$157K	$65K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.77	−0.010%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0212%	1h	785.97	+0.143%	$637K	$831	10x	as long as short
Phemex BNBUSDT	+0.0224%	8h	784.98	+0.017%	$68.4M	$51.1M	50x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	784.68	−0.022%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	783.81	−0.133%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	784.53	−0.041%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	784.31	−0.069%	$67K	$39K	12x	as long as short