Settings8H · net · $10k
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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.047%
Price spread now: Binance against Bulk−0.042%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Long on BulkShort on Binance
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.238%−$24 on $10k
Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.042%, 7d avg −0.015%
Together, before fees−0.173%−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.027% cheaper against Bulk than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BNB-USD806.940.0217pay 0.0027% / 1h14m 17s$652K$11K10x
ShortBinance BNBUSDT806.600.0115get 0.0115% / 8h2h 14m$521.3M$806.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bulk. 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
−$21.6
Price spread: −0.042% → −0.015%
−$2.73
Slippage, 4 orders
−$0.42
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Binance: 5 bp × 2 orders
−$10
Net
−$41.75
Costs to cover
0.174%
Break-even
never at this rate
Slippage from Bulk: live order book, 10 min ago; Binance: live order book, 15 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 Bulk live order book, 10 min ago0.06 bp3.6 bp −$43.7 bp −$376.0 bp −$59713.9 bp −$6,931
Sell Binance live order book, 15 min ago0.06 bp5.1 bp −$56.8 bp −$6817.5 bp −$1,75345.4 bp −$22.7K

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 −0.0195% / S +0.0371%1h806.00−0.117%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.58−0.045%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h807.11+0.021%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.60−0.042%$114K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.22−0.089%$871K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.03−0.113%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h806.13−0.100%$2.5M$908K50xas long as short
Variational Omni BNB+0.0050%8h805.71−0.152%$4.1M$5.4M—as long as short
BingX BNB-USDT+0.0054%8h806.17−0.096%—$34.6M—as long as short
Bybit BNBUSDT+0.0079%8h805.70−0.154%$139.9M$82.1M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h806.90−0.005%$610K$883K50xas long as short
Lighter BNB+0.0096%1h806.28−0.082%$2.8M$4.2M20xas long as short
Aster BNBUSDT+0.0098%8h806.61−0.041%$6.4M$18.8M200xas long as short
Nado BNB-PERP+0.0100%1h805.90−0.129%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h806.43−0.064%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.90−0.129%$55.2M$116.2M50xas long as short
Arcus BNB-USD+0.0100%1h806.40−0.067%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h805.95−0.123%$36.1M$58.9M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.93−0.125%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.61−0.165%$79.1M$24.7M75xas long as short
edgeX BNBUSDC+0.0100%4h807.21+0.034%$4.2M$77.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.78−0.020%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.92−0.127%$114K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.05−0.111%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h806.26−0.084%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.59−0.043%$14K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h806.50−0.054%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h806.22−0.090%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.70−0.029%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.74−0.150%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h806.15−0.098%$387K$40K10xas long as short
MEXC BNB_USDT+0.0114%8h806.90−0.005%$84.7M$13.7M200xas long as short
Binance BNBUSDTshort+0.0115%8h806.60−0.042%$521.3M$806.0M75x
Phoenix BNB+0.0125%1h806.89−0.006%$173K$35K10xas long as short
Phemex BNBUSDT+0.0128%8h806.69−0.031%$70.4M$51.8M50xas long as short
SoDEX BNB-USD+0.0197%1h806.20−0.092%$396K$1.0M10xas long as short
RISEx BNB/USDC+0.0209%1h806.28−0.081%$1.2M$1.5M20xas long as short
Hyperliquid BNB+0.0215%1h806.74−0.025%$52.0M$21.9M10xas long as short
Bulk BNB-USDlong+0.0217%1h806.94long leg$652K$11K10x
BloFin BNB-USDT+0.0234%8h807.00+0.007%$18.8M$3.1M75xas long as short
dYdX BNB-USD+0.0239%1h806.40−0.067%$171K$55K10xas long as short
Hibachi BNB/USDT-P+0.0248%1h806.39−0.068%$71K$48K12xas long as short
Reya BNBRUSDPERP+0.0334%1h805.68−0.156%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h806.76−0.023%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.254%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0651%1h807.02+0.010%$3.0M$5.5M40xas long as short