BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.032%

Price spread now: SoDEX against gTrade (Gains Network)0.000%7-day average +0.024% · 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−$282as in the Price arb table

costs, in and out, $10k−$2802.796% of the position

Long on gTrade (Gains Network)Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now 0.000%, 7d avg +0.024%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.025% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.024%). If the spread goes back, that is −$2 on $10k: about 21 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BNB/USD	787.40	L +0.0007% / S −0.0007%	pay 0.0001% / 1h	15m 03s	$9.5M	—	150x
Short	SoDEX BNB-USD	787.40	0.0100	get 0.0013% / 1h	15m 03s	$387K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $19.43
Price spread: 0.000% → +0.024%: −$2.46
Slippage, 4 orders: −$261.61
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$262.65
Costs to cover: 2.796%
Break-even: 101.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; SoDEX: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2253.7 bp −$1.13M
Sell SoDEX live order book, 4 min ago	0.63 bp	5.0 bp −$5	8.4 bp −$84	82.0 bp −$8,196	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 −0.0192% / S +0.0356%	1h	787.36	−0.006%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.19	−0.028%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.90	+0.063%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.00	+0.076%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.35	+0.120%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USDlong	L +0.0007% / S −0.0007%	1h	787.40	long leg	$9.5M	—	150x
Aster BNBUSDT	+0.0022%	8h	787.94	+0.068%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.246%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0034%	8h	787.49	+0.011%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0041%	8h	788.20	+0.101%	$79.9M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0042%	8h	787.91	+0.064%	$491.0M	$801.9M	75x	as long as short
Phemex BNBUSDT	+0.0042%	8h	787.80	+0.050%	$68.9M	$50.7M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.19	−0.027%	$588K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0086%	1h	787.24	−0.020%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.76	+0.045%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.45	+0.006%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.42	+0.002%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.35	−0.007%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.79	+0.049%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.82	+0.053%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.30	−0.013%	$138.5M	$73.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.026%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	+0.025%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.35	−0.007%	$36.0M	$58.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.43	+0.003%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.93	−0.060%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.68	+0.035%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.31	−0.012%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.09	+0.087%	$4.1M	$74.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.81	+0.052%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.36	−0.005%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.45	+0.006%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.05	+0.082%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	787.40	0.000%	$387K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	787.58	+0.022%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.86	+0.058%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.98	−0.054%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.36	−0.005%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0162%	8h	787.87	+0.059%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0176%	8h	788.38	+0.124%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	+0.112%	$638K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.09	+0.087%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.80	+0.050%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.10	−0.038%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	787.87	+0.059%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.83	+0.054%	$1.1M	$893K	20x	as long as short