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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Bybit against edgeX−0.122%61s7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.276% of the position
Long on edgeXShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.114%−$11 on $10k
Price spread, last 7 days+0.043%+$4 · spread now −0.122%, 7d avg −0.079%
Together, before fees−0.071%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.043% cheaper against edgeX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.079%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BNBUSDC787.780.0100pay 0.0050% / 4h1h 56m$4.1M$75.7M30x
ShortBybit BNBUSDT786.820.0100get 0.0100% / 8h1h 56m$138.4M$75.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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
$0
Price spread: −0.122% → −0.079%
−$4.26
Slippage, 4 orders
−$7.56
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$31.82
Costs to cover
0.276%
Break-even
never at this rate
Slippage from edgeX: live order book, 3 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 3 min ago2.54 bp7.0 bp −$77.0 bp −$7010.9 bp −$1,094doesn't fit
Sell Bybit live order book, 2 min ago0.63 bp6.1 bp −$68.2 bp −$8222.2 bp −$2,221120.7 bp −$60.4K

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%1h786.79−0.126%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.11+0.042%$4K$4225xas long as short
StandX BNB-USD0.0000%1h788.58+0.101%$850K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.76−0.129%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.197%$19K$789K30xas long as short
Aster BNBUSDT+0.0046%8h787.52−0.033%$6.1M$19.0M200xas long as short
BingX BNB-USDT+0.0054%8h787.17−0.078%—$22.2M—as long as short
MEXC BNB_USDT+0.0067%8h787.70−0.010%$80.9M$11.9M200xas long as short
Binance BNBUSDT+0.0068%8h787.45−0.042%$490.1M$815.9M75xas long as short
Phemex BNBUSDT+0.0068%8h787.49−0.037%$68.9M$51.0M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0080%1h788.38+0.076%$569K$1.9M50xas long as short
dYdX BNB-USD+0.0091%1h787.10−0.086%$159K$62K10xas long as short
Lighter BNB+0.0096%1h787.12−0.084%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.82−0.122%$265K$471K50xas long as short
Nado BNB-PERP+0.0100%1h786.90−0.112%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h787.09−0.088%$1.2M$933K20xas long as short
Bybit BNBUSDTshort+0.0100%8h786.82−0.122%$138.4M$75.2M75x
OKX BNB-USDT-SWAP+0.0100%8h786.80−0.125%$53.5M$113.1M50xas long as short
Arcus BNB-USD+0.0100%1h787.20−0.074%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h786.95−0.106%$37.0M$58.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.61−0.149%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h786.61−0.149%$76.2M$31.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.44−0.043%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.80+0.003%$4.0M$4.8M—as long as short
edgeX BNBUSDClong+0.0100%4h787.78long leg$4.1M$75.7M30x
ApeX Omni BNBUSDT+0.0100%1h788.40+0.079%$159K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.82−0.122%$131K$949K10xas long as short
Derive BNB-PERP+0.0100%1h787.01−0.098%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.52−0.034%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.90−0.112%$387K$986K10xas long as short
HTX BNB-USDT+0.0100%8h787.07−0.090%$8.0M$10.1M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h787.37−0.053%$76K$17K50xas long as short
Extended BNB-USD+0.0104%1h786.70−0.137%$1.8M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h786.96−0.104%$378K$110K10xas long as short
Phoenix BNB+0.0107%1h787.80+0.002%$169K$35K10xas long as short
Kalshi KXBNBPERP+0.0136%8h787.60−0.023%$169K$2.7M4.8xas long as short
Hyperliquid BNB+0.0162%1h787.57−0.027%$51.5M$17.7M10xas long as short
BloFin BNB-USDT+0.0187%8h787.44−0.043%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h787.17−0.078%$1.5M$143K25xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h786.86−0.117%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0225%8h788.63+0.108%$2.9M$29.6M10xas long as short
01 Exchange BNBUSD+0.0288%1h787.54−0.031%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0322%1h786.70−0.137%$6K$3K40xas long as short
Bulk BNB-USD+0.0339%1h788.57+0.100%$639K$4K10xas long as short
RISEx BNB/USDC+0.0438%1h787.27−0.064%$1.1M$910K20xas long as short
Hibachi BNB/USDT-P+0.0560%1h787.15−0.080%$67K$39K12xas long as short