BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h −0.041%

Price spread now: Extended against Bulk−0.204%7-day average −0.152% · 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−$19as in the Price arb table

costs, in and out, $10k−$140.140% of the position

Long on Bulk Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.257%−$26 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.204%, 7d avg −0.152%

Together, before fees−0.050%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.052% cheaper against Bulk than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.152%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk BNB-USD	788.74	0.0150	pay 0.0019% / 1h	0m 31s	$639K	$0	10x
Short	Extended BNB-USD	787.13	0.0104	get 0.0013% / 1h	0m 31s	$1.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.204%Rate

Funding earned: −$9.69
Price spread: −0.204% → −0.152%: −$5.19
Slippage, 4 orders: −$1.96
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$28.84
Costs to cover: 0.140%
Break-even: never at this rate

Slippage from Bulk: live order book, 33 min ago; Extended: live order book, 3 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, 33 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	5.3 bp −$533	13.9 bp −$6,943
Sell Extended live order book, 3 min ago	0.06 bp	3.9 bp −$4	5.4 bp −$54	doesn't fit	doesn't fit

BNB on 45 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 +0.0336%	1h	787.50	−0.157%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.94	−0.101%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.69	−0.133%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.32	−0.053%	$2.9M	$26.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	788.65	−0.011%	$851K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.41	−0.168%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0009%	8h	788.10	−0.081%	$6.0M	$17.7M	200x	as long as short
BingX BNB-USDT	+0.0023%	8h	787.70	−0.131%	—	$22.2M	—	as long as short
Binance BNBUSDT	+0.0027%	8h	788.05	−0.087%	$484.0M	$797.4M	75x	as long as short
MEXC BNB_USDT	+0.0028%	8h	789.40	+0.084%	$83.1M	$12.5M	200x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.073%	$19K	$789K	30x	as long as short
Phemex BNBUSDT	+0.0070%	8h	788.21	−0.067%	$68.6M	$51.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.70	−0.131%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.55	−0.150%	$1.4M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.24	−0.063%	$51.8M	$17.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.79	−0.120%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.40	−0.170%	$138.8M	$70.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.30	−0.182%	$53.7M	$107.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.70	−0.131%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.50	−0.157%	$39.9M	$57.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.30	−0.182%	$27.9M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.16	−0.200%	$75.7M	$32.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.99	−0.095%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.30	−0.182%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.37	−0.046%	$4.1M	$77.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.39	−0.044%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.68	−0.134%	$130K	$917K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.58	−0.147%	$265K	$304K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.28	−0.058%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.70	−0.131%	$387K	$939K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.60	−0.145%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.04	−0.089%	$78K	$247K	50x	as long as short
Kalshi KXBNBPERP	+0.0103%	8h	788.10	−0.081%	$161K	$2.6M	4.8x	as long as short
Extended BNB-USDshort	+0.0104%	1h	787.13	−0.204%	$1.8M	$5.8M	50x
Aevo BNB-PERP	+0.0104%	1h	787.56	−0.150%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0112%	8h	788.42	−0.040%	$17.6M	$2.3M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.77	−0.123%	$550K	$2.0M	50x	as long as short
Phoenix BNB	+0.0120%	1h	788.35	−0.049%	$158K	$38K	10x	as long as short
Bulk BNB-USDlong	+0.0150%	1h	788.74	long leg	$639K	$0	10x
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.00	−0.094%	$1.5M	$138K	25x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	788.07	−0.085%	$28K	$3K	10x	as long as short
dYdX BNB-USD	+0.0307%	1h	787.36	−0.175%	$158K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0318%	1h	787.29	−0.184%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	787.83	−0.115%	$1.1M	$891K	20x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	787.89	−0.108%	$67K	$38K	12x	as long as short