BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0161%/8h= +17.7% APRnext payment +$0.20 per $10,000 · paid last 24h −0.031%

Price spread now: Deribit against Bulk−0.243%7-day average −0.058% · 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−$42as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Bulk Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.208%−$21 on $10k

Price spread, last 3 days (all we have)+0.195%+$19 · spread now −0.243%, 7d avg −0.058%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.185% cheaper against Bulk than usual: you would sell low and buy high (spread −0.243% now, against its 7-day average of −0.058%). If the spread goes back, that is −$19 on $10k: about 3.8 days of funding at the current rate (+$5 a day). Mind the row above: over the last 3 days funding on this pair cost −0.208%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk BNB-USD	794.97	0.0139	pay 0.0017% / 1h	48m 08s	$646K	$10K	10x
Short	Deribit BNB_USDC-PERPETUAL	793.04	0.0300	get 0.0037% / 1h	48m 08s	$1.6M	$161K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee BulkbpFee DeribitbpOrdersPrice spread, now −0.243%Rate

Funding earned: $33.86
Price spread: −0.243% → −0.058%: −$18.51
Slippage, 4 orders: −$9.04
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$7.7
Costs to cover: 0.230%
Break-even: 8.6 days

Slippage from Bulk: live order book, 21 min ago; Deribit: live order book, 1 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 Bulk live order book, 21 min ago	0.06 bp	3.6 bp −$4	4.1 bp −$41	7.0 bp −$701	16.8 bp −$8,405
Sell Deribit live order book, 1 min ago	2.02 bp	8.0 bp −$8	15.1 bp −$151	doesn't fit	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 −0.0161% / S +0.0334%	1h	792.45	−0.317%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.66	−0.290%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.04	−0.117%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0033%	8h	792.65	−0.292%	$35.5M	$55.2M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	792.87	−0.264%	$3.0M	$28.2M	10x	as long as short
StandX BNB-USD	0.0000%	1h	794.21	−0.096%	$858K	$3.0M	30x	as long as short
Variational Omni BNB	+0.0006%	8h	792.93	−0.257%	$4.1M	$5.1M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.45	−0.317%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.273%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	793.21	−0.221%	$6.1M	$20.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDC	+0.0036%	8h	793.06	−0.240%	—	$13.3M	—	as long as short
dYdX BNB-USD	+0.0041%	1h	793.28	−0.212%	$160K	$63K	10x	as long as short
Phemex BNBUSDT	+0.0046%	8h	792.94	−0.255%	$69.3M	$50.3M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.39	−0.450%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.30	−0.210%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	793.14	−0.231%	$493.4M	$817.1M	75x	as long as short
Bybit BNBUSDT	+0.0074%	8h	792.74	−0.281%	$138.1M	$77.0M	75x	as long as short
Phoenix BNB	+0.0088%	1h	792.08	−0.364%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	792.82	−0.270%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	792.57	−0.302%	$383K	$468K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.75	−0.279%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	793.61	−0.170%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	792.70	−0.286%	$53.2M	$110.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.30	−0.210%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	792.51	−0.309%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.66	−0.291%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	792.62	−0.296%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.72	−0.157%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	792.88	−0.263%	$112K	$887K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	792.75	−0.279%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.16	−0.228%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	792.80	−0.273%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.23	−0.344%	$8.1M	$8.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.56	−0.178%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.35	−0.330%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	792.53	−0.308%	$381K	$110K	10x	as long as short
Hyperliquid BNB	+0.0116%	1h	793.60	−0.172%	$52.6M	$19.8M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.16	−0.227%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USDlong	+0.0139%	1h	794.97	long leg	$646K	$10K	10x
Kalshi KXBNBPERP	+0.0158%	8h	793.50	−0.185%	$106K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	−0.114%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	793.66	−0.165%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0300%	1h	793.04	−0.243%	$1.6M	$161K	25x
Reya BNBRUSDPERP	+0.0329%	1h	791.96	−0.379%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0367%	1h	793.54	−0.180%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	793.77	−0.151%	$68K	$38K	12x	as long as short