BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0318%/8h= +34.8% APRnext payment +$0.40 per $10,000 · paid last 24h +0.055%

Price spread now: Bulk against Coinbase International+0.019%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Coinbase International Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.304%+$30 on $10k

Price spread, last 4 days (all we have)+0.345%+$34 · spread now +0.019%, 7d avg +0.116%

Together, before fees+0.648%+$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.096% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.116%). If the spread goes back, that is −$10 on $10k: about 24 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	792.03	0.0048	pay 0.0006% / 1h	11m 18s	$615K	$1.8M	50x
Short	Bulk BNB-USD	792.18	0.0366	get 0.0046% / 1h	11m 18s	$641K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 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 Coinbase InternationalbpFee BulkbpOrdersPrice spread, now +0.019%Rate

Funding earned: $66.8
Price spread: +0.019% → +0.116%: −$9.65
Slippage, 4 orders: −$9.71
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $30.44
Costs to cover: 0.267%
Break-even: 3.8 days

Slippage from Coinbase International: live order book, 2 min ago; Bulk: live order book, 53 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, 2 min ago	2.72 bp	9.5 bp −$10	13.8 bp −$138	doesn't fit	doesn't fit
Sell Bulk live order book, 53 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	6.6 bp −$661	17.8 bp −$8,922

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	791.63	−0.050%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.68	−0.044%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.83	−0.025%	$856K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	791.70	−0.041%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.649%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0048%	1h	792.03	long leg	$615K	$1.8M	50x
Phemex BNBUSDT	+0.0048%	8h	792.43	+0.051%	$69.4M	$50.5M	50x	as long as short
Aster BNBUSDT	+0.0050%	8h	792.12	+0.011%	$6.2M	$18.6M	200x	as long as short
BingX BNB-USDT	+0.0060%	8h	791.77	−0.033%	—	$34.3M	—	as long as short
MEXC BNB_USDT	+0.0072%	8h	793.00	+0.122%	$80.5M	$12.5M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0072%	8h	792.45	+0.053%	$495.1M	$791.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	791.71	−0.040%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	792.08	+0.007%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.90	−0.016%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.25	−0.098%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	792.17	+0.018%	$52.0M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	791.53	−0.063%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	791.80	−0.029%	$139.3M	$76.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	791.80	−0.029%	$53.8M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	791.70	−0.042%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	791.70	−0.042%	$35.4M	$57.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.44	−0.074%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	791.58	−0.057%	$77.0M	$29.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	791.33	−0.088%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	791.90	−0.017%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.77	−0.033%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	791.88	−0.019%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.44	−0.074%	$134K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	792.07	+0.006%	$32K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.20	+0.021%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	792.00	−0.004%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.78	−0.031%	$8.1M	$9.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	791.90	−0.017%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	791.55	−0.061%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.89	−0.018%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	791.53	−0.063%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0143%	8h	791.96	−0.009%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0186%	8h	792.20	+0.021%	$82K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0192%	8h	792.33	+0.038%	$18.2M	$2.2M	75x	as long as short
dYdX BNB-USD	+0.0200%	1h	791.15	−0.111%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	792.14	+0.014%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	792.38	+0.045%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	791.29	−0.093%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	791.89	−0.017%	$1.1M	$982K	20x	as long as short
Bulk BNB-USDshort	+0.0366%	1h	792.18	+0.019%	$641K	$9K	10x
Hibachi BNB/USDT-P	+0.0584%	1h	791.61	−0.053%	$68K	$38K	12x	as long as short