BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.80 per $10,000 · paid last 24h −0.038%

Price spread now: OKX against BloFin−0.091%83s7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as 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−$240.240% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.216%−$22 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.091%, 7d avg −0.110%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.110%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 83 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	BloFin BNB-USDT	789.62	0.0180	pay 0.0180% / 8h	4h 13m	$18.1M	$2.2M	75x
Short	OKX BNB-USDT-SWAP	788.90	0.0100	get 0.0100% / 8h	4h 13m	$53.4M	$111.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$16.87
Price spread: −0.091% → −0.110%: $1.84
Slippage, 4 orders: −$1.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$39.03
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; OKX: 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	6.1 bp −$6	7.8 bp −$78	13.3 bp −$1,332	doesn't fit
Sell OKX live order book, 5 min ago	0.63 bp	5.6 bp −$6	7.8 bp −$78	21.1 bp −$2,108	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 −0.0188% / S +0.0352%	1h	788.55	−0.136%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.20	−0.053%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.06	−0.071%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.62	−0.127%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.959%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.35	−0.034%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0050%	8h	789.06	−0.071%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0057%	8h	789.38	−0.030%	$69.0M	$50.0M	50x	as long as short
Binance BNBUSDT	+0.0060%	8h	789.49	−0.017%	$492.7M	$789.8M	75x	as long as short
MEXC BNB_USDT	+0.0060%	8h	789.70	+0.010%	$80.1M	$12.4M	200x	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	+0.0064%	1h	789.45	−0.022%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.25	−0.047%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.76	−0.109%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.75	−0.110%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.72	+0.013%	$51.8M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.00	−0.079%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.77	−0.108%	$138.8M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	788.90	−0.091%	$53.4M	$111.3M	50x
Arcus BNB-USD	+0.0100%	1h	789.00	−0.079%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.80	−0.104%	$35.5M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.64	−0.124%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.83	−0.100%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.45	−0.022%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.31	−0.166%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.65	+0.004%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.38	−0.030%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.60	−0.129%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.81	−0.102%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.42	−0.025%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.90	−0.091%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.63	−0.125%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.17	−0.057%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.38	−0.157%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.77	−0.107%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.14	−0.061%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0121%	1h	788.65	−0.123%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0152%	8h	789.95	+0.042%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	789.30	−0.041%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDTlong	+0.0180%	8h	789.62	long leg	$18.1M	$2.2M	75x
Bulk BNB-USD	+0.0216%	1h	789.05	−0.072%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.24	−0.048%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0264%	1h	788.66	−0.121%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.17	−0.057%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.40	−0.154%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0384%	1h	789.19	−0.054%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.09	−0.067%	$1.1M	$967K	20x	as long as short