Funding you earn now, next payment 10:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h +0.008%
Price spread now: Extended against Coinbase International−0.096%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Funding, last 7 days+0.085%+$8 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.096%, 7d avg −0.044%
=Together, before fees+0.255%+ Points / potential airdropExtended: Active · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.051% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.044%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.085%, 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 | Coinbase International BNB-PERP-INTX | 787.48 | 0.0120 | pay 0.0015% / 1h | 54m 01s | $545K | $1.9M | 50x |
| Short | Extended BNB-USD | 786.73 | 0.0104 | get 0.0013% / 1h | 54m 01s | $1.8M | $5.6M | 50x |
Coinbase International BNB-PERP-INTX
Extended BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$3.36
- Price spread: −0.096% → −0.044%
- −$5.11
- Slippage, 4 orders
- −$6.07
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$29.54
- Costs to cover
- 0.211%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Extended: 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 | 1.97 bp | 7.8 bp −$8 | 14.6 bp −$146 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 0.06 bp | 3.3 bp −$3 | 5.4 bp −$54 | doesn't fit | doesn't fit |
BNB on 45 exchanges
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 −0.0166% / S +0.0336% | 1h | 787.12 | −0.046% | $43K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0085% | 1h | 787.10 | −0.048% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.09 | +0.077% | $4K | — | 25x | as long as short |
| Aster BNBUSDT | 0.0000% | 8h | 787.80 | +0.041% | $5.9M | $17.1M | 200x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.88 | +0.051% | $2.9M | $26.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 787.60 | +0.015% | $139K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.25 | +0.098% | $850K | $2.9M | 30x | as long as short |
| Deribit BNB_USDC-PERPETUAL | 0.0000% | 1h | 787.52 | +0.005% | $1.5M | $157K | 25x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.09 | −0.049% | $9.5M | — | 150x | as long as short |
| MEXC BNB_USDT | +0.0015% | 8h | 788.90 | +0.180% | $83.4M | $11.7M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Aster BNBUSDT
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
Deribit BNB_USDC-PERPETUAL
gTrade (Gains Network) BNB/USD
MEXC BNB_USDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0016% | 8h | 787.79 | +0.039% | $481.5M | $766.0M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.236% | $19K | $789K | 30x | as long as short |
| Bybit BNBUSDT | +0.0046% | 8h | 786.90 | −0.074% | $138.6M | $67.0M | 75x | as long as short |
| BloFin BNB-USDT | +0.0065% | 8h | 788.01 | +0.067% | $18.4M | $2.2M | 75x | as long as short |
| Phemex BNBUSDT | +0.0090% | 8h | 787.79 | +0.039% | $68.5M | $51.1M | 50x | as long as short |
| Phoenix BNB | +0.0094% | 1h | 787.95 | +0.060% | $158K | $45K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.38 | −0.013% | $2.7M | $3.3M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.95 | −0.067% | $1.4M | $2.4M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.83 | +0.044% | $51.9M | $16.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.54 | +0.008% | $1.2M | $932K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.00 | −0.061% | $53.3M | $102.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.40 | −0.010% | $57K | $122K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.15 | −0.042% | $41.1M | $53.8M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.98 | −0.063% | $28.2M | $9.6M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.89 | −0.075% | $75.6M | $30.7M | 75x | as long as short |
| BingX BNB-USDC | +0.0100% | 8h | 787.26 | −0.028% | — | $13.4M | — | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.61 | +0.017% | $2.2M | $6.0M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.85 | −0.080% | $4.3M | $4.5M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.81 | +0.042% | $4.1M | $74.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.98 | +0.063% | $159K | $444K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.19 | −0.037% | $130K | $905K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.23 | −0.032% | $264K | $297K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.79 | +0.040% | $12K | $1.3M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.40 | −0.010% | $387K | $926K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.57 | +0.012% | $8.0M | $10.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.74 | +0.032% | $78K | $356K | 50x | as long as short |
| Extended BNB-USDshort | +0.0104% | 1h | 786.73 | −0.096% | $1.8M | $5.6M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 787.10 | −0.048% | $378K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTXlong | +0.0120% | 1h | 787.48 | long leg | $545K | $1.9M | 50x | |
| 01 Exchange BNBUSD | +0.0240% | 1h | 787.74 | +0.033% | $28K | $3K | 10x | as long as short |
| Bulk BNB-USD | +0.0282% | 1h | 788.09 | +0.078% | $639K | $0 | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0317% | 1h | 786.79 | −0.088% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0320% | 1h | 787.54 | +0.007% | $67K | $37K | 12x | as long as short |
| RISEx BNB/USDC | +0.0393% | 1h | 787.49 | +0.001% | $1.1M | $901K | 20x | as long as short |
| dYdX BNB-USD | +0.1056% | 1h | 787.47 | −0.001% | $158K | $34K | 10x | as long as short |
Binance BNBUSDT
Injective BNB/USDC PERP
Bybit BNBUSDT
BloFin BNB-USDT
Phemex BNBUSDT
Phoenix BNB
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
BingX BNB-USDC
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Aevo BNB-PERP
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC
dYdX BNB-USD