Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.042%
Price spread now: Bulk against Extended+0.247%7-day average +0.153% · 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−$5as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Funding, last 4 days (all we have)+0.255%+$26 on $10k
+Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.247%, 7d avg +0.153%
=Together, before fees+0.150%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bulk is 0.094% dearer against Extended than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.153%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BNB-USD | 783.59 | 0.0104 | pay 0.0013% / 1h | 22m 00s | $1.8M | $5.8M | 50x |
| Short | Bulk BNB-USD | 785.53 | 0.0208 | get 0.0026% / 1h | 22m 00s | $637K | $831 | 10x |
Extended BNB-USD
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21.8
- Price spread: +0.247% → +0.153%
- $9.43
- Slippage, 4 orders
- −$2.12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $17.11
- Costs to cover
- 0.141%
- Break-even
- 1.5 days
Slippage from Extended: live order book, 2 min ago; Bulk: live order book, 17 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 Extended live order book, 2 min ago | 0.06 bp | 2.8 bp −$3 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 17 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.7 bp −$469 | 11.5 bp −$5,733 |
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 −0.0168% / S +0.0337% | 1h | 784.08 | +0.062% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 784.15 | +0.071% | $4K | $42 | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0050% | 1h | 784.01 | +0.053% | $2.5M | $1.2M | 50x | as long as short |
| Variational Omni BNB | 0.0000% | 8h | 783.51 | −0.011% | $4.0M | $4.7M | — | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 784.22 | +0.080% | $846K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.04 | +0.057% | $9.4M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.743% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0034% | 8h | 784.54 | +0.121% | $6.0M | $18.8M | 200x | as long as short |
| BingX BNB-USDC | +0.0040% | 8h | 783.93 | +0.043% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0048% | 8h | 785.20 | +0.205% | $80.7M | $12.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
Variational Omni BNB
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0049% | 8h | 784.62 | +0.131% | $487.3M | $819.5M | 75x | as long as short |
| Phemex BNBUSDT | +0.0074% | 8h | 784.40 | +0.103% | $68.5M | $51.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 784.12 | +0.068% | $2.7M | $3.8M | 20x | as long as short |
| dYdX BNB-USD | +0.0099% | 1h | 783.56 | −0.004% | $159K | $62K | 10x | as long as short |
| Phoenix BNB | +0.0100% | 1h | 784.15 | +0.071% | $162K | $35K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 783.80 | +0.027% | $1.3M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 784.67 | +0.138% | $51.4M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.27 | +0.086% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 783.80 | +0.027% | $137.9M | $74.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 783.90 | +0.039% | $53.3M | $112.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 784.10 | +0.065% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 783.95 | +0.046% | $38.2M | $58.3M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 783.82 | +0.029% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 783.64 | +0.006% | $75.2M | $32.6M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 784.44 | +0.108% | $2.2M | $6.1M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 784.39 | +0.101% | $4.1M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 784.99 | +0.178% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 783.84 | +0.032% | $131K | $944K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.08 | +0.062% | $264K | $388K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 784.17 | +0.073% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 784.59 | +0.127% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 784.20 | +0.078% | $386K | $968K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 784.34 | +0.096% | $8.0M | $10.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 784.60 | +0.128% | $78K | $17K | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0101% | 8h | 784.90 | +0.167% | $171K | $2.7M | 4.8x | as long as short |
| Extended BNB-USDlong | +0.0104% | 1h | 783.59 | long leg | $1.8M | $5.8M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 784.11 | +0.066% | $377K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0104% | 1h | 784.48 | +0.113% | $546K | $1.9M | 50x | as long as short |
| BloFin BNB-USDT | +0.0169% | 8h | 784.21 | +0.079% | $17.7M | $2.2M | 75x | as long as short |
| Bulk BNB-USDshort | +0.0208% | 1h | 785.53 | +0.247% | $637K | $831 | 10x | |
| GRVT BNB_USDT_Perp | +0.0217% | 8h | 784.62 | +0.131% | $2.9M | $28.4M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 784.50 | +0.116% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 784.51 | +0.117% | $1.5M | $141K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0320% | 1h | 783.65 | +0.008% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0350% | 1h | 784.28 | +0.088% | $1.1M | $906K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0464% | 1h | 783.66 | +0.008% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Lighter BNB
dYdX BNB-USD
Phoenix BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Kalshi KXBNBPERP
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
BloFin BNB-USDT
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P