Funding you earn now, next payment 10:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%
Price spread now: Phoenix against Extended+0.138%48s7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as 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−$310.313% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now +0.138%, 7d avg +0.136%
=Together, before fees+0.271%+ Points / potential airdropExtended: Active · farm board+$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.136%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BNB-USD | 786.70 | 0.0104 | pay 0.0013% / 1h | 8m 26s | $1.8M | $5.5M | 50x |
| Short | Phoenix BNB | 787.78 | 0.0120 | get 0.0015% / 1h | 8m 26s | $158K | $45K | 10x |
Extended BNB-USD
Phoenix BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $3.31
- Price spread: +0.138% → +0.136%
- $0.21
- Slippage, 4 orders
- −$19.31
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$27.79
- Costs to cover
- 0.313%
- Break-even
- 65.7 days
Slippage from Extended: live order book, 4 min ago; Phoenix: live order book, 31 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, 4 min ago | 0.06 bp | 2.9 bp −$3 | 4.6 bp −$46 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 31 min ago | 1.02 bp | 12.4 bp −$12 | 43.2 bp −$432 | doesn't fit | doesn't fit |
BNB on 45 exchanges
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 +0.0336% | 1h | 786.81 | +0.014% | $43K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0085% | 1h | 787.10 | +0.051% | $2.7M | $1.4M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.94 | +0.158% | $4K | — | 25x | as long as short |
| Bybit BNBUSDT | −0.0031% | 8h | 786.70 | 0.000% | $138.6M | $65.6M | 75x | as long as short |
| BingX BNB-USDC | −0.0023% | 8h | 787.14 | +0.056% | — | $13.4M | — | as long as short |
| Aster BNBUSDT | 0.0000% | 8h | 787.74 | +0.133% | $6.0M | $16.8M | 200x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.40 | +0.089% | $2.9M | $26.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 787.40 | +0.089% | $155K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.96 | +0.161% | $850K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.93 | +0.029% | $9.5M | — | 150x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Bybit BNBUSDT
BingX BNB-USDC
Aster BNBUSDT
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USDShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0011% | 8h | 788.60 | +0.242% | $83.5M | $11.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0011% | 8h | 787.73 | +0.131% | $480.9M | $756.4M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.338% | $19K | $789K | 30x | as long as short |
| BloFin BNB-USDT | +0.0045% | 8h | 787.51 | +0.103% | $18.5M | $2.2M | 75x | as long as short |
| Phemex BNBUSDT | +0.0090% | 8h | 787.78 | +0.138% | $68.4M | $50.5M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.37 | +0.086% | $2.7M | $3.4M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.95 | +0.033% | $1.4M | $2.3M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.70 | +0.128% | $51.9M | $16.8M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.43 | +0.093% | $1.2M | $930K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.00 | +0.039% | $53.4M | $101.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.40 | +0.089% | $57K | $124K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.15 | +0.058% | $42.0M | $54.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.93 | +0.030% | $28.1M | $9.6M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.85 | +0.019% | $75.8M | $30.8M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.62 | +0.117% | $2.2M | $6.0M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.26 | −0.056% | $4.3M | $4.4M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.55 | +0.108% | $4.1M | $71.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.30 | +0.077% | $158K | $459K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.02 | +0.041% | $128K | $905K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.18 | +0.061% | $264K | $297K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.67 | +0.123% | $12K | $1.3M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.30 | +0.077% | $387K | $925K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 787.33 | +0.081% | $1.5M | $126K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.19 | +0.063% | $8.0M | $9.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.69 | +0.126% | $78K | $1.3M | 50x | as long as short |
| Extended BNB-USDlong | +0.0104% | 1h | 786.70 | long leg | $1.8M | $5.5M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 787.01 | +0.040% | $378K | $110K | 10x | as long as short |
| Phoenix BNBshort | +0.0120% | 1h | 787.78 | +0.138% | $158K | $45K | 10x | |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 787.64 | +0.120% | $545K | $1.9M | 50x | as long as short |
| 01 Exchange BNBUSD | +0.0224% | 1h | 787.67 | +0.124% | $28K | $3K | 10x | as long as short |
| Bulk BNB-USD | +0.0289% | 1h | 787.73 | +0.131% | $638K | $10K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0304% | 1h | 787.14 | +0.057% | $67K | $37K | 12x | as long as short |
| Reya BNBRUSDPERP | +0.0316% | 1h | 786.60 | −0.012% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0393% | 1h | 787.36 | +0.084% | $1.1M | $888K | 20x | as long as short |
| dYdX BNB-USD | +0.0910% | 1h | 786.85 | +0.020% | $158K | $34K | 10x | as long as short |
MEXC BNB_USDT
Binance BNBUSDT
Injective BNB/USDC PERP
BloFin BNB-USDT
Phemex BNBUSDT
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
01 Exchange BNBUSD
Bulk BNB-USD
Hibachi BNB/USDT-P
Reya BNBRUSDPERP
RISEx BNB/USDC
dYdX BNB-USD