BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.41 per $10,000 · paid last 24h −0.004%

Price spread now: BingX against Bybit+0.062%7-day average +0.048% · 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−$23as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.062%, 7d avg +0.048%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.067%, 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	791.62	0.0100	pay 0.0100% / 8h	5h 08m	$139.3M	$76.8M	75x
Short	BingX BNB-USDT	792.11	0.0059	get 0.0059% / 8h	5h 08m	—	$34.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$8.61
Price spread: +0.062% → +0.048%: $1.39
Slippage, 4 orders: −$3.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$31.25
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; BingX: live order book, 10 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, 6 min ago	0.63 bp	6.1 bp −$6	8.0 bp −$80	20.6 bp −$2,060	145.1 bp −$72.6K
Sell BingX live order book, 10 min ago	0.13 bp	5.1 bp −$5	5.9 bp −$59	12.7 bp −$1,269	38.1 bp −$19.1K

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 −0.0167% / S +0.0335%	1h	791.36	−0.033%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.61	−0.001%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	792.95	+0.168%	$857K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	791.89	+0.035%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.702%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	792.03	+0.052%	$615K	$1.8M	50x	as long as short
Phemex BNBUSDT	+0.0049%	8h	791.85	+0.029%	$69.4M	$50.5M	50x	as long as short
Aster BNBUSDT	+0.0050%	8h	791.95	+0.042%	$6.2M	$18.7M	200x	as long as short
BingX BNB-USDTshort	+0.0059%	8h	792.11	+0.062%	—	$34.3M	—
Binance BNBUSDT	+0.0071%	8h	792.18	+0.071%	$494.7M	$790.5M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0072%	8h	792.30	+0.086%	$80.5M	$12.5M	200x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	791.20	−0.054%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	791.58	−0.005%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.80	+0.023%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.10	−0.066%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.98	+0.045%	$52.0M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	791.54	−0.010%	$1.2M	$914K	20x	as long as short
Bybit BNBUSDTlong	+0.0100%	8h	791.62	long leg	$139.3M	$76.8M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	791.60	−0.003%	$53.7M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	791.60	−0.003%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	791.65	+0.004%	$35.5M	$57.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.20	−0.053%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	791.10	−0.066%	$77.0M	$29.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	791.70	+0.010%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	791.10	−0.066%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.85	+0.030%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	791.88	+0.033%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.26	−0.045%	$134K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	791.62	0.000%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	791.97	+0.044%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	791.60	−0.003%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.39	−0.029%	$8.1M	$9.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	792.17	+0.070%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	790.89	−0.092%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.73	+0.014%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	791.53	−0.011%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0143%	8h	792.25	+0.080%	$2.9M	$27.9M	10x	as long as short
Kalshi KXBNBPERP	+0.0187%	8h	791.90	+0.035%	$82K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0189%	1h	791.19	−0.054%	$160K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0192%	8h	791.99	+0.047%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	791.89	+0.034%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	791.87	+0.032%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	791.05	−0.073%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	791.71	+0.011%	$1.1M	$979K	20x	as long as short
Bulk BNB-USD	+0.0366%	1h	792.18	+0.071%	$641K	$9K	10x	as long as short
Hibachi BNB/USDT-P	+0.0584%	1h	792.19	+0.071%	$68K	$38K	12x	as long as short