BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.75 per $10,000 · paid last 24h +0.038%

Price spread now: BloFin against KuCoin+0.109%50s7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as 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−$350.354% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.109%, 7d avg +0.096%

Together, before fees+0.095%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.096%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 50 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	KuCoin BNBUSDTM	788.20	0.0100	pay 0.0100% / 8h	3h 44m	$28.1M	$10.2M	75x
Short	BloFin BNB-USDT	789.06	0.0175	get 0.0175% / 8h	3h 44m	$18.1M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.109%Rate

Funding earned: $15.8
Price spread: +0.109% → +0.096%: $1.27
Slippage, 4 orders: −$11.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$18.34
Costs to cover: 0.354%
Break-even: 15.1 days

Slippage from KuCoin: live order book, 5 min ago; BloFin: 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 KuCoin live order book, 5 min ago	0.82 bp	10.3 bp −$10	15.4 bp −$154	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.76 bp	6.8 bp −$7	7.5 bp −$75	13.7 bp −$1,374	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	788.22	+0.003%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	788.14	−0.007%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.67	+0.060%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	789.10	+0.114%	$129K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	+0.107%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.20	0.000%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.143%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	788.82	+0.079%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDT	+0.0044%	8h	788.38	+0.023%	—	$34.4M	—	as long as short
Binance BNBUSDT	+0.0055%	8h	788.66	+0.058%	$492.2M	$796.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0055%	8h	789.20	+0.127%	$80.0M	$12.0M	200x	as long as short
Phemex BNBUSDT	+0.0062%	8h	788.65	+0.057%	$69.0M	$50.4M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.261%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	789.11	+0.115%	$170K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.36	+0.020%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.23	+0.004%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.25	+0.006%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.92	+0.092%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.48	+0.035%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.08	−0.015%	$138.7M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.10	−0.013%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.60	+0.051%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.30	+0.013%	$35.9M	$56.9M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	788.20	long leg	$28.1M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	788.07	−0.016%	$76.3M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.88	+0.086%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.41	+0.027%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.33	+0.143%	$4.1M	$73.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.44	+0.157%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.27	+0.009%	$130K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.36	+0.020%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.93	+0.093%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.30	+0.013%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.36	+0.021%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.66	+0.058%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.88	−0.040%	$1.9M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.23	+0.004%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	788.57	+0.046%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0169%	8h	789.53	+0.168%	$2.9M	$28.7M	10x	as long as short
BloFin BNB-USDTshort	+0.0175%	8h	789.06	+0.109%	$18.1M	$2.2M	75x
Bulk BNB-USD	+0.0234%	1h	790.66	+0.312%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	789.00	+0.101%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.71	+0.065%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	788.00	−0.025%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0400%	1h	788.76	+0.071%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.75	+0.070%	$1.1M	$892K	20x	as long as short