BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h +0.011%

Price spread now: Binance against Bybit+0.079%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days+0.022%+$2 · spread now +0.079%, 7d avg +0.114%

Together, before fees+0.076%+$8 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 Binance is 0.035% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.114%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.054%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	786.20	0.0100	pay 0.0100% / 8h	1h 02m	$138.3M	$75.0M	75x
Short	Binance BNBUSDT	786.82	0.0058	get 0.0058% / 8h	1h 02m	$489.0M	$821.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.079%Rate

Funding earned: −$8.82
Price spread: +0.079% → +0.114%: −$3.51
Slippage, 4 orders: −$1.71
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.03
Costs to cover: 0.227%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 11 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 Bybit live order book, 1 min ago	0.63 bp	6.1 bp −$6	8.3 bp −$83	22.8 bp −$2,280	166.0 bp −$83.0K
Sell Binance live order book, 11 min ago	0.06 bp	5.1 bp −$5	5.9 bp −$59	14.6 bp −$1,462	41.8 bp −$20.9K

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 −0.0170% / S +0.0337%	1h	786.50	+0.039%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.39	+0.151%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.83	+0.207%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.93	+0.093%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.403%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0048%	8h	786.71	+0.065%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0049%	8h	786.91	+0.091%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0058%	8h	787.60	+0.178%	$81.0M	$12.1M	200x	as long as short
Binance BNBUSDTshort	+0.0058%	8h	786.82	+0.079%	$489.0M	$821.0M	75x
dYdX BNB-USD	+0.0061%	1h	787.30	+0.140%	$160K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0074%	8h	787.29	+0.139%	$68.8M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.43	+0.156%	$564K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.77	+0.073%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.90	+0.089%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.94	+0.094%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.30	+0.140%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDTlong	+0.0100%	8h	786.20	long leg	$138.3M	$75.0M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	786.00	−0.025%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.20	+0.127%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.30	+0.013%	$37.9M	$59.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.07	−0.017%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.30	+0.013%	$76.7M	$31.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.88	+0.086%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.51	+0.167%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.75	+0.198%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.69	+0.190%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.88	+0.086%	$132K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.65	+0.057%	$265K	$465K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.05	+0.108%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.50	+0.165%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.80	+0.076%	$387K	$977K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.28	+0.137%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.51	+0.167%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.93	−0.035%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.66	+0.058%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0118%	8h	787.80	+0.204%	$171K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.76	+0.198%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0178%	8h	787.12	+0.117%	$17.7M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.56	+0.046%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0222%	1h	787.85	+0.210%	$639K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0227%	8h	787.98	+0.227%	$2.9M	$28.6M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.51	+0.167%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.06	+0.110%	$1.5M	$145K	25x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.35	+0.020%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.24	+0.133%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0472%	1h	787.28	+0.137%	$67K	$39K	12x	as long as short