Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.38 per $10,000 · paid last 24h +0.011%
Price spread now: MEXC against Bybit+0.088%7-day average +0.222% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 7 days+0.174%+$17 · spread now +0.088%, 7d avg +0.222%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.134% cheaper against Bybit than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.222%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.053%, 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 | 793.10 | 0.0100 | pay 0.0100% / 8h | 6h 19m | $138.6M | $75.7M | 75x |
| Short | MEXC BNB_USDT | 793.80 | 0.0062 | get 0.0062% / 8h | 6h 19m | $82.4M | $12.8M | 200x |
Bybit BNBUSDT
MEXC BNB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.98
- Price spread: +0.088% → +0.222%
- −$13.37
- Slippage, 4 orders
- −$5.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$41.46
- Costs to cover
- 0.201%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago | 0.63 bp | 6.6 bp −$7 | 8.4 bp −$84 | 21.7 bp −$2,166 | 132.2 bp −$66.1K |
| Sell MEXC live order book, 4 min ago | 0.63 bp | 3.9 bp −$4 | 7.6 bp −$76 | 16.5 bp −$1,655 | 30.7 bp −$15.3K |
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 −0.0167% / S +0.0335% | 1h | 793.48 | +0.048% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 792.90 | −0.026% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 793.56 | +0.058% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 795.71 | +0.329% | $860K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 793.49 | +0.050% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.512% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0035% | 8h | 793.68 | +0.073% | $6.1M | $19.7M | 200x | as long as short |
| Variational Omni BNB | +0.0038% | 8h | 794.10 | +0.126% | $4.1M | $4.9M | — | as long as short |
| BingX BNB-USDC | +0.0050% | 8h | 794.02 | +0.116% | — | $13.4M | — | as long as short |
| Gate BNB_USDT | +0.0053% | 8h | 793.15 | +0.006% | $35.4M | $56.5M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
Variational Omni BNB
BingX BNB-USDC
Gate BNB_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 795.53 | +0.306% | $610K | $1.1M | 50x | as long as short |
| Phemex BNBUSDT | +0.0060% | 8h | 793.58 | +0.061% | $69.4M | $50.7M | 50x | as long as short |
| MEXC BNB_USDTshort | +0.0062% | 8h | 793.80 | +0.088% | $82.4M | $12.8M | 200x | |
| Binance BNBUSDT | +0.0062% | 8h | 793.76 | +0.084% | $493.7M | $810.0M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0070% | 8h | 795.62 | +0.318% | $3.0M | $28.5M | 10x | as long as short |
| dYdX BNB-USD | +0.0075% | 1h | 792.94 | −0.020% | $160K | $63K | 10x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 794.99 | +0.238% | $171K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 793.38 | +0.035% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 793.01 | −0.011% | $383K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 793.75 | +0.082% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 793.77 | +0.085% | $52.0M | $19.3M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 793.40 | +0.038% | $1.2M | $915K | 20x | as long as short |
| Bybit BNBUSDTlong | +0.0100% | 8h | 793.10 | long leg | $138.6M | $75.7M | 75x | |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 792.90 | −0.025% | $53.2M | $110.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 793.40 | +0.038% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 792.97 | −0.016% | $27.7M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 792.98 | −0.015% | $77.2M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 794.91 | +0.228% | $4.1M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 795.56 | +0.310% | $160K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 793.54 | +0.055% | $111K | $886K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 793.25 | +0.019% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 794.14 | +0.131% | $12K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 793.10 | 0.000% | $390K | $997K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 793.92 | +0.103% | $8.1M | $8.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 793.91 | +0.103% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 792.84 | −0.033% | $1.7M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 793.03 | −0.008% | $381K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 793.55 | +0.057% | $1.1M | $1.1M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0156% | 8h | 794.30 | +0.151% | $113K | $2.7M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0195% | 1h | 795.93 | +0.356% | $644K | $16K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0256% | 1h | 793.83 | +0.092% | $28K | $3K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 793.43 | +0.041% | $1.6M | $160K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 793.30 | +0.025% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0383% | 1h | 793.90 | +0.101% | $2.7M | $5.7M | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0528% | 1h | 794.78 | +0.212% | $68K | $38K | 12x | as long as short |
Coinbase International BNB-PERP-INTX
Phemex BNBUSDT
Binance BNBUSDT
GRVT BNB_USDT_Perp
dYdX BNB-USD
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Hibachi BNB/USDT-P