BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0322%/8h= −35.3% APRnext payment −$0.40 per $10,000 · paid last 24h −0.097%

Price spread now: SoDEX against dYdX−0.074%7-day average +0.020% · 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−$59as in the Price arb table

costs, in and out, $10k−$490.494% of the position

Long on dYdX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.320%−$32 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.074%, 7d avg +0.020%

Together, before fees−0.248%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SoDEX is 0.094% cheaper against dYdX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	801.50	0.0422	pay 0.0053% / 1h	38m 53s	$162K	$62K	10x
Short	SoDEX BNB-USD	800.90	0.0100	get 0.0013% / 1h	38m 53s	$394K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$67.68
Price spread: −0.074% → +0.020%: −$9.41
Slippage, 4 orders: −$31.35
Fee dYdX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$126.45
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from dYdX: live order book, 40 min ago; SoDEX: live order book, 5 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, 40 min ago	14.76 bp	19.8 bp −$20	19.8 bp −$198	24.5 bp −$2,453	132.9 bp −$66.5K
Sell SoDEX live order book, 5 min ago	0.62 bp	4.6 bp −$5	8.9 bp −$89	80.5 bp −$8,048	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 −0.0201% / S +0.0372%	1h	800.67	−0.103%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.12	−0.047%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	800.51	−0.123%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.40	+0.113%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	801.98	+0.060%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.76	−0.091%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	801.45	−0.006%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0048%	8h	800.55	−0.118%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0056%	8h	800.30	−0.149%	$138.9M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.097%	$607K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	800.83	−0.083%	$2.8M	$4.1M	20x	as long as short
Aster BNBUSDT	+0.0099%	8h	801.04	−0.057%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.44	−0.132%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.06	−0.055%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.50	−0.124%	$54.5M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.20	−0.037%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.35	−0.143%	$35.8M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.36	−0.142%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.18	−0.164%	$79.4M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.33	+0.104%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.26	+0.095%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.65	−0.106%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.72	−0.097%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.92	−0.072%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.43	−0.008%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	800.90	−0.074%	$394K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	801.80	+0.038%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.55	+0.007%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.03	−0.183%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.89	−0.075%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	801.27	−0.028%	$70.0M	$50.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	801.70	+0.025%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0121%	8h	801.19	−0.038%	$501.0M	$817.1M	75x	as long as short
MEXC BNB_USDT	+0.0122%	8h	801.50	+0.001%	$83.3M	$13.5M	200x	as long as short
Phoenix BNB	+0.0127%	1h	802.03	+0.067%	$172K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.11	−0.048%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0203%	1h	801.27	−0.028%	$51.9M	$21.0M	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	802.11	+0.077%	$70K	$44K	12x	as long as short
BloFin BNB-USDT	+0.0241%	8h	801.36	−0.017%	$18.3M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	800.93	−0.071%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0305%	1h	801.82	+0.040%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.448%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	800.36	−0.142%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	801.39	−0.013%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0393%	1h	801.42	−0.009%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USDlong	+0.0422%	1h	801.50	long leg	$162K	$62K	10x