BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0174%/8h= +19.1% APRnext payment +$0.22 per $10,000 · paid last 24h +0.010%

Price spread now: Bulk against Deribit+0.250%7-day average +0.056% · 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−$2as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on Deribit Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.215%+$21 on $10k

Price spread, last 4 days (all we have)−0.213%−$21 · spread now +0.250%, 7d avg +0.056%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bulk is 0.194% dearer against Deribit than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BNB_USDC-PERPETUAL	785.92	0.0100	pay 0.0013% / 1h	47m 45s	$1.5M	$126K	25x
Short	Bulk BNB-USD	787.88	0.0274	get 0.0034% / 1h	47m 45s	$638K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Deribit. 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 DeribitbpFee BulkbpOrdersPrice spread, now +0.250%Rate

Funding earned: $36.6
Price spread: +0.250% → +0.056%: $19.39
Slippage, 4 orders: −$7.36
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $34.63
Costs to cover: 0.214%
Break-even: 0.4 days

Slippage from Deribit: live order book, 4 min ago; Bulk: live order book, 59 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 Deribit live order book, 4 min ago	2.73 bp	8.0 bp −$8	15.2 bp −$152	doesn't fit	doesn't fit
Sell Bulk live order book, 59 min ago	0.06 bp	3.6 bp −$4	4.1 bp −$41	5.6 bp −$557	13.9 bp −$6,944

BNB on 46 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	785.37	−0.070%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0138%	1h	785.66	−0.032%	$2.6M	$1.4M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.45	+0.068%	$4K	—	25x	as long as short
Bybit BNBUSDT	−0.0062%	8h	785.10	−0.104%	$138.5M	$66.0M	75x	as long as short
BingX BNB-USDT	−0.0057%	8h	785.64	−0.035%	—	$50.3M	—	as long as short
Aster BNBUSDT	0.0000%	8h	786.13	+0.027%	$5.9M	$16.8M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.52	+0.076%	$2.9M	$26.8M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.30	+0.049%	$160K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.24	+0.168%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.46	−0.058%	$9.5M	—	150x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0008%	8h	787.10	+0.150%	$83.3M	$11.5M	200x	as long as short
Binance BNBUSDT	+0.0008%	8h	786.09	+0.022%	$480.0M	$752.5M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.440%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0034%	8h	785.28	−0.081%	$18.5M	$2.3M	75x	as long as short
Phemex BNBUSDT	+0.0078%	8h	786.26	+0.044%	$68.2M	$50.3M	50x	as long as short
Variational Omni BNB	+0.0087%	8h	785.24	−0.086%	$4.3M	$4.3M	—	as long as short
Lighter BNB	+0.0096%	1h	785.71	−0.027%	$2.7M	$2.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.34	−0.073%	$1.3M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.09	+0.022%	$52.0M	$16.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.11	+0.024%	$1.2M	$927K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.30	−0.079%	$53.3M	$99.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.80	−0.015%	$57K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.50	−0.053%	$42.2M	$51.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.30	−0.079%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.20	−0.091%	$75.5M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.98	+0.008%	$2.2M	$6.0M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.40	+0.061%	$4.1M	$71.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.54	+0.079%	$158K	$459K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.18	−0.094%	$126K	$911K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.69	−0.029%	$264K	$258K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.80	−0.015%	$31K	$10K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.21	+0.037%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.90	−0.002%	$386K	$922K	10x	as long as short
Deribit BNB_USDC-PERPETUALlong	+0.0100%	1h	785.92	long leg	$1.5M	$126K	25x
HTX BNB-USDT	+0.0100%	8h	785.51	−0.052%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.25	+0.043%	$78K	$1.3M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.02	−0.114%	$1.8M	$5.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.57	−0.044%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0116%	1h	786.56	+0.082%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	785.93	+0.002%	$537K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	785.98	+0.008%	$28K	$3K	10x	as long as short
Hibachi BNB/USDT-P	+0.0272%	1h	786.31	+0.050%	$67K	$34K	12x	as long as short
Bulk BNB-USDshort	+0.0274%	1h	787.88	+0.250%	$638K	$10K	10x
dYdX BNB-USD	+0.0315%	1h	785.84	−0.010%	$158K	$34K	10x	as long as short
Reya BNBRUSDPERP	+0.0315%	1h	784.74	−0.149%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0391%	1h	785.75	−0.022%	$1.1M	$939K	20x	as long as short