Funding you earn now, next payment 06:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.009%
Price spread now: Binance against Coinbase International−0.155%7-day average +0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)+0.384%+$38 · spread now −0.155%, 7d avg +0.095%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.250% cheaper against Coinbase International than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.095%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BNB-PERP-INTX | 788.38 | 0.0080 | pay 0.0010% / 1h | 55m 33s | $569K | $1.9M | 50x |
| Short | Binance BNBUSDT | 787.16 | 0.0067 | get 0.0067% / 8h | 1h 55m | $490.1M | $815.8M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- −$2.65
- Price spread: −0.155% → +0.095%
- −$25.02
- Slippage, 4 orders
- −$5.62
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$53.29
- Costs to cover
- 0.256%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Binance: 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 Coinbase International live order book, 3 min ago | 2.29 bp | 8.2 bp −$8 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.06 bp | 5.1 bp −$5 | 6.5 bp −$65 | 16.3 bp −$1,629 | 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 −0.0192% / S +0.0356% | 1h | 786.74 | −0.208% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.11 | −0.034% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.58 | +0.025% | $850K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.77 | −0.204% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.120% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0046% | 8h | 787.26 | −0.142% | $6.1M | $19.0M | 200x | as long as short |
| BingX BNB-USDC | +0.0054% | 8h | 787.00 | −0.175% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0067% | 8h | 787.70 | −0.086% | $80.9M | $11.9M | 200x | as long as short |
| Binance BNBUSDTshort | +0.0067% | 8h | 787.16 | −0.155% | $490.1M | $815.8M | 75x | |
| Phemex BNBUSDT | +0.0070% | 8h | 787.22 | −0.147% | $68.9M | $51.0M | 50x | as long as short |
Show all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BNB-USD | +0.0072% | 1h | 787.10 | −0.162% | $159K | $62K | 10x | as long as short |
| Coinbase International BNB-PERP-INTXlong | +0.0080% | 1h | 788.38 | long leg | $569K | $1.9M | 50x | |
| Lighter BNB | +0.0096% | 1h | 786.91 | −0.187% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.87 | −0.192% | $265K | $471K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.90 | −0.188% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.98 | −0.178% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.60 | −0.226% | $138.4M | $75.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.70 | −0.213% | $53.5M | $113.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.90 | −0.188% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.70 | −0.213% | $37.0M | $58.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.46 | −0.244% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.52 | −0.236% | $76.1M | $31.1M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.27 | −0.141% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.71 | −0.212% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.78 | −0.076% | $4.1M | $75.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.16 | −0.155% | $158K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.82 | −0.198% | $131K | $949K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.91 | −0.187% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.44 | −0.119% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.90 | −0.188% | $387K | $986K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.77 | −0.204% | $8.0M | $10.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 787.15 | −0.156% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.45 | −0.245% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.91 | −0.187% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 787.80 | −0.074% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0137% | 8h | 787.40 | −0.124% | $169K | $2.7M | 4.8x | as long as short |
| Hyperliquid BNB | +0.0158% | 1h | 787.46 | −0.117% | $51.5M | $17.7M | 10x | as long as short |
| BloFin BNB-USDT | +0.0187% | 8h | 787.44 | −0.119% | $17.7M | $2.2M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 786.67 | −0.217% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | +0.0226% | 8h | 787.46 | −0.117% | $2.9M | $29.6M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0280% | 1h | 787.12 | −0.160% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 787.28 | −0.140% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0322% | 1h | 786.70 | −0.213% | $6K | $3K | 40x | as long as short |
| Bulk BNB-USD | +0.0339% | 1h | 788.57 | +0.024% | $639K | $4K | 10x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 786.98 | −0.178% | $1.1M | $910K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0560% | 1h | 787.15 | −0.156% | $67K | $39K | 12x | as long as short |
Coinbase International BNB-PERP-INTX
Binance BNBUSDT
GMX BNB/USD [WBTC.b-USDC]
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
MEXC BNB_USDT
Phemex BNBUSDT
Lighter BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
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
Phoenix BNB
Kalshi KXBNBPERP
Hyperliquid BNB
BloFin BNB-USDT
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
RISEx BNB/USDC