BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.009%

Price spread now: SoDEX against Coinbase International−0.142%7-day average +0.037% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 3 days (all we have)+0.238%+$24 · spread now −0.142%, 7d avg +0.037%

Together, before fees+0.317%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.179% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.142% now, against its 7-day average of +0.037%). If the spread goes back, that is −$18 on $10k: about 11 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	796.73	0.0048	pay 0.0006% / 1h	2m 24s	$610K	$1.1M	50x
Short	SoDEX BNB-USD	795.60	0.0100	get 0.0013% / 1h	2m 24s	$391K	$995K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.142%Rate

Funding earned: $10.92
Price spread: −0.142% → +0.037%: −$17.85
Slippage, 4 orders: −$7.97
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$32.9
Costs to cover: 0.260%
Break-even: 28.1 days

Slippage from Coinbase International: live order book, 1 min ago; SoDEX: live order book, 21 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, 1 min ago	2.20 bp	7.2 bp −$7	14.0 bp −$140	doesn't fit	doesn't fit
Sell SoDEX live order book, 21 min ago	0.63 bp	4.9 bp −$5	8.6 bp −$86	81.8 bp −$8,184	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 −0.0159% / S +0.0335%	1h	795.56	−0.147%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	795.39	−0.168%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.78	−0.119%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0013%	8h	795.30	−0.179%	$35.8M	$57.3M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	797.56	+0.104%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	796.93	+0.025%	$861K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	795.56	−0.147%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	796.50	−0.029%	$4.1M	$5.1M	—	as long as short
Phemex BNBUSDT	+0.0013%	8h	795.81	−0.115%	$69.5M	$50.2M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.049%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0042%	8h	795.95	−0.098%	$6.2M	$19.6M	200x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0048%	1h	796.73	long leg	$610K	$1.1M	50x
BingX BNB-USDT	+0.0055%	8h	795.74	−0.124%	—	$34.9M	—	as long as short
MEXC BNB_USDT	+0.0068%	8h	796.50	−0.029%	$82.7M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0068%	8h	796.04	−0.086%	$495.5M	$813.5M	75x	as long as short
Bybit BNBUSDT	+0.0070%	8h	795.40	−0.167%	$138.4M	$76.4M	75x	as long as short
Lighter BNB	+0.0096%	1h	796.05	−0.085%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	797.27	+0.068%	$171K	$36K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	795.56	−0.147%	$384K	$468K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.45	−0.161%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	795.92	−0.102%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.50	−0.154%	$53.9M	$110.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.80	−0.117%	$52K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	795.49	−0.156%	$27.8M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	795.14	−0.200%	$77.8M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	797.71	+0.123%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.08	+0.169%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	795.56	−0.147%	$111K	$887K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.71	−0.127%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	796.12	−0.076%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	795.60	−0.142%	$391K	$995K	10x
HTX BNB-USDT	+0.0100%	8h	795.40	−0.167%	$8.2M	$8.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	796.08	−0.082%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	795.22	−0.190%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.62	−0.139%	$382K	$110K	10x	as long as short
Bulk BNB-USD	+0.0133%	1h	798.69	+0.246%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	795.55	−0.148%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0164%	8h	797.30	+0.072%	$104K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0185%	1h	796.05	−0.085%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0188%	8h	796.80	+0.009%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	795.93	−0.100%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	795.99	−0.093%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0278%	1h	796.28	−0.056%	$52.9M	$20.1M	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	795.25	−0.186%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0400%	1h	797.86	+0.141%	$68K	$38K	12x	as long as short
Backpack BNB_USDC_PERP	+0.0425%	1h	796.73	0.000%	$2.7M	$5.7M	40x	as long as short