BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.005%

Price spread now: Phemex against Bybit+0.104%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.104%, 7d avg +0.099%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.099%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	804.80	0.0084	pay 0.0084% / 8h	1h 49m	$139.5M	$82.0M	75x
Short	Phemex BNBUSDT	805.64	0.0134	get 0.0134% / 8h	1h 49m	$70.3M	$51.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.104%Rate

Funding earned: $10.6
Price spread: +0.104% → +0.099%: $0.53
Slippage, 4 orders: −$6.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$18.2
Costs to cover: 0.293%
Break-even: 19.0 days

Slippage from Bybit: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago	0.62 bp	6.3 bp −$6	8.4 bp −$84	22.1 bp −$2,209	116.5 bp −$58.3K
Sell Phemex live order book, 5 min ago	0.50 bp	7.3 bp −$7	7.7 bp −$77	13.3 bp −$1,334	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 −0.0195% / S +0.0371%	1h	805.06	+0.033%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.58	+0.097%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.16	+0.044%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.80	+0.124%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	805.40	+0.075%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.11	+0.039%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0047%	8h	804.38	−0.052%	$4.1M	$5.3M	—	as long as short
Hibachi BNB/USDT-P	+0.0056%	1h	805.18	+0.047%	$71K	$48K	12x	as long as short
BingX BNB-USDC	+0.0057%	8h	805.29	+0.061%	—	$13.3M	—	as long as short
Bybit BNBUSDTlong	+0.0084%	8h	804.80	long leg	$139.5M	$82.0M	75x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	805.44	+0.079%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.76	+0.119%	$608K	$882K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.80	0.000%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.33	+0.066%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.90	+0.012%	$55.1M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.50	+0.087%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.00	+0.025%	$36.2M	$57.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.96	+0.020%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.77	−0.004%	$78.7M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.44	+0.080%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.60	+0.099%	$162K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.00	+0.025%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.05	+0.031%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.30	+0.063%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.23	+0.053%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.15	+0.043%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.97	+0.145%	$79K	$19K	50x	as long as short
Aster BNBUSDT	+0.0103%	8h	805.73	+0.116%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	804.68	−0.015%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.22	+0.053%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0117%	8h	806.00	+0.149%	$84.6M	$13.3M	200x	as long as short
Binance BNBUSDT	+0.0118%	8h	805.77	+0.120%	$520.6M	$805.1M	75x	as long as short
Phemex BNBUSDTshort	+0.0134%	8h	805.64	+0.104%	$70.3M	$51.9M	50x
Hyperliquid BNB	+0.0151%	1h	805.76	+0.119%	$51.8M	$22.0M	10x	as long as short
SoDEX BNB-USD	+0.0154%	1h	805.20	+0.050%	$396K	$1.0M	10x	as long as short
Phoenix BNB	+0.0155%	1h	805.39	+0.073%	$173K	$35K	10x	as long as short
dYdX BNB-USD	+0.0185%	1h	805.13	+0.041%	$162K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.03	+0.028%	$2.5M	$932K	50x	as long as short
BloFin BNB-USDT	+0.0238%	8h	805.41	+0.076%	$18.8M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0274%	1h	805.55	+0.093%	$651K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	805.54	+0.092%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.036%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	805.37	+0.071%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	804.73	−0.009%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.89	+0.135%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0716%	1h	806.19	+0.173%	$3.0M	$5.5M	40x	as long as short