BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0064%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h −0.033%

Price spread now: Bulk against dYdX+0.143%7-day average +0.096% · 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−$66as in the Price arb table

costs, in and out, $10k−$710.710% of the position

Long on dYdX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.140%−$14 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.143%, 7d avg +0.096%

Together, before fees−0.363%−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bulk is 0.047% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.096%. Mind the row above: over the last 4 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	784.84	0.0148	pay 0.0018% / 1h	32m 10s	$157K	$65K	10x
Short	Bulk BNB-USD	785.97	0.0212	get 0.0027% / 1h	32m 10s	$637K	$831	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against dYdX. 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 dYdXbpFee BulkbpOrdersPrice spread, now +0.143%Rate

Funding earned: $13.54
Price spread: +0.143% → +0.096%: $4.74
Slippage, 4 orders: −$54.01
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$52.73
Costs to cover: 0.710%
Break-even: 34.3 days

Slippage from dYdX: live order book, 2 min ago; Bulk: live order book, 2 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 dYdX live order book, 2 min ago	12.64 bp	29.1 bp −$29	29.2 bp −$292	43.6 bp −$4,363	245.8 bp −$122.9K
Sell Bulk live order book, 2 min ago	0.06 bp	3.6 bp −$4	4.3 bp −$43	7.4 bp −$738	16.0 bp −$7,984

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 −0.0166% / S +0.0337%	1h	784.42	−0.054%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.08	+0.030%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	784.41	−0.056%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.06	+0.154%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	785.43	+0.075%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.41	−0.055%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0021%	8h	784.92	+0.009%	$5.9M	$18.4M	200x	as long as short
BingX BNB-USDT	+0.0032%	8h	784.70	−0.018%	—	$22.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.580%	$19K	$789K	30x	as long as short
Binance BNBUSDT	+0.0038%	8h	784.85	+0.001%	$487.8M	$809.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0038%	8h	785.90	+0.135%	$82.3M	$12.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	784.50	−0.044%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.55	−0.037%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.14	+0.038%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.97	+0.016%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.20	−0.082%	$138.1M	$73.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.10	−0.095%	$53.3M	$110.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.90	+0.007%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.55	−0.037%	$39.3M	$55.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.59	−0.032%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.89	−0.122%	$75.2M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.50	+0.084%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.32	+0.061%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.91	+0.136%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.17	+0.169%	$158K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.60	−0.031%	$131K	$924K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.43	−0.053%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.63	+0.100%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.11	+0.034%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.50	−0.044%	$386K	$941K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.66	−0.023%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.28	+0.055%	$78K	$27K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.00	−0.108%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.37	−0.060%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0110%	8h	785.10	+0.033%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.76	+0.117%	$547K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	785.84	+0.127%	$158K	$38K	10x	as long as short
dYdX BNB-USDlong	+0.0148%	1h	784.84	long leg	$157K	$65K	10x
BloFin BNB-USDT	+0.0153%	8h	785.36	+0.066%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.82	−0.004%	$1.5M	$141K	25x	as long as short
Bulk BNB-USDshort	+0.0212%	1h	785.97	+0.143%	$637K	$831	10x
Phemex BNBUSDT	+0.0230%	8h	785.14	+0.038%	$68.4M	$51.0M	50x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	785.18	+0.043%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	784.15	−0.088%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	784.95	+0.013%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	785.69	+0.108%	$67K	$39K	12x	as long as short