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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h +0.004%
Price spread now: MEXC against Derive+0.068%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. MEXC is 0.068% dearer against Derive than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive BNB-PERP787.760.0100pay 0.0013% / 1h20m 50s$31K$12K10x
ShortMEXC BNB_USDT788.300.0043get 0.0043% / 8h3h 20m$79.9M$12.0M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Derive. 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

Funding earned
−$11.97
Price spread: +0.068% → 0.000%
$6.83
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$15.14
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Derive: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample—————
Sell MEXC live order book, 3 min ago1.27 bp4.0 bp −$46.3 bp −$6318.5 bp −$1,85434.6 bp −$17.3K
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0192% / S +0.0356%1h787.65−0.014%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h787.60−0.020%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h788.00+0.030%$4K$4225xas long as short
Kalshi KXBNBPERP0.0000%8h788.10+0.043%$126K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h788.54+0.099%$850K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.64−0.015%$9.5M—150xas long as short
Aster BNBUSDT+0.0024%8h787.89+0.016%$6.1M$18.8M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.200%$19K$789K30xas long as short
BingX BNB-USDT+0.0036%8h787.51−0.032%—$22.3M—as long as short
MEXC BNB_USDTshort+0.0043%8h788.30+0.068%$79.9M$12.0M200x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0043%8h787.91+0.018%$491.2M$800.8M75xas long as short
Phemex BNBUSDT+0.0045%8h787.91+0.019%$68.9M$50.6M50xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h787.19−0.073%$588K$1.9M50xas long as short
Phoenix BNB+0.0092%1h788.22+0.058%$169K$35K10xas long as short
dYdX BNB-USD+0.0096%1h787.16−0.077%$159K$63K10xas long as short
Lighter BNB+0.0096%1h787.56−0.026%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.73−0.004%$265K$492K50xas long as short
Nado BNB-PERP+0.0100%1h787.40−0.046%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h787.92+0.020%$51.7M$17.4M10xas long as short
Pacifica BNB+0.0100%1h787.98+0.028%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.20−0.071%$138.5M$73.9M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.10−0.084%$53.4M$111.6M50xas long as short
Arcus BNB-USD+0.0100%1h787.90+0.018%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h787.30−0.059%$35.9M$57.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.01−0.095%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h786.98−0.099%$76.2M$30.6M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.75−0.002%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.41−0.044%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h788.22+0.058%$4.1M$74.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.44+0.086%$159K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.61−0.019%$132K$955K10xas long as short
Derive BNB-PERPlong+0.0100%1h787.76long leg$31K$12K10x
SunX BNB-USDT+0.0100%8h788.40+0.081%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.80+0.005%$387K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h787.46−0.039%$8.1M$9.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.10+0.043%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h786.89−0.111%$1.9M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h787.72−0.006%$378K$110K10xas long as short
BloFin BNB-USDT+0.0163%8h788.23+0.059%$17.7M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0174%8h788.49+0.092%$2.9M$28.7M10xas long as short
Bulk BNB-USD+0.0193%1h788.28+0.066%$638K$10K10xas long as short
01 Exchange BNBUSD+0.0240%1h788.41+0.082%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.11+0.045%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0324%1h787.34−0.053%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0408%1h787.20−0.072%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h788.09+0.042%$1.1M$893K20xas long as short