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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0191%/8h= +20.9% APRpaid last 24h +0.044%
Price spread now: Bulk against KuCoin+0.014%7-day average +0.112% · 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−$35as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Long on KuCoinShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.245%+$25 on $10k
Price spread, last 4 days (all we have)+0.099%+$10 · spread now +0.014%, 7d avg +0.112%
Together, before fees+0.344%+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bulk is 0.097% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.112%). If the spread goes back, that is −$10 on $10k: about 41 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BNBUSDTM787.180.0100pay 0.0100% / 8h1h 23m$27.7M$10.2M75x
ShortBulk BNB-USD787.290.0291get 0.0036% / 1h23m 34s$638K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$40.06
Price spread: +0.014% → +0.112%
−$9.73
Slippage, 4 orders
−$6.37
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$4.96
Costs to cover
0.254%
Break-even
6.1 days
Slippage from KuCoin: live order book, 5 min ago; Bulk: live order book, 20 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 KuCoin live order book, 5 min ago0.44 bp10.4 bp −$1020.2 bp −$202doesn't fitdoesn't fit
Sell Bulk live order book, 20 min ago0.06 bp3.6 bp −$44.5 bp −$457.1 bp −$71414.2 bp −$7,112

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 −0.0170% / S +0.0337%1h787.71+0.067%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.27+0.138%$4K$4225xas long as short
StandX BNB-USD0.0000%1h788.78+0.203%$851K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.94+0.097%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.275%$19K$789K30xas long as short
BingX BNB-USDT+0.0051%8h787.64+0.058%—$22.3M—as long as short
Aster BNBUSDT+0.0052%8h788.07+0.113%$6.1M$18.8M200xas long as short
MEXC BNB_USDT+0.0064%8h788.70+0.193%$81.1M$12.1M200xas long as short
Binance BNBUSDT+0.0064%8h787.97+0.100%$490.7M$818.3M75xas long as short
dYdX BNB-USD+0.0068%1h788.07+0.113%$160K$62K10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0076%8h788.56+0.175%$68.9M$51.1M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h787.30+0.015%$568K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.76+0.073%$2.7M$3.8M20xas long as short
Nado BNB-PERP+0.0100%1h787.40+0.028%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h788.25+0.136%$51.6M$17.6M10xas long as short
Pacifica BNB+0.0100%1h787.82+0.081%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.40+0.028%$138.6M$75.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.30+0.015%$53.6M$113.3M50xas long as short
Arcus BNB-USD+0.0100%1h787.70+0.066%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h787.60+0.053%$37.6M$59.2M75xas long as short
KuCoin BNBUSDTMlong+0.0100%8h787.18long leg$27.7M$10.2M75x
Bitget BNBUSDT+0.0100%8h787.24+0.008%$76.2M$31.2M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.36+0.150%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.71+0.068%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h787.92+0.094%$4.1M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.27+0.138%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.61+0.055%$132K$951K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.96+0.099%$265K$470K50xas long as short
Derive BNB-PERP+0.0100%1h786.03−0.146%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.22+0.133%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h788.10+0.117%$387K$981K10xas long as short
HTX BNB-USDT+0.0100%8h787.90+0.091%$8.0M$10.2M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h788.29+0.142%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h787.16−0.003%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h787.99+0.103%$379K$110K10xas long as short
Kalshi KXBNBPERP+0.0134%8h787.90+0.091%$170K$2.7M4.8xas long as short
Phoenix BNB+0.0135%1h788.01+0.105%$169K$35K10xas long as short
BloFin BNB-USDT+0.0185%8h788.46+0.163%$17.7M$2.2M75xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h787.94+0.097%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0230%8h788.36+0.150%$2.9M$29.5M10xas long as short
01 Exchange BNBUSD+0.0248%1h787.95+0.098%$28K$4K10xas long as short
Bulk BNB-USDshort+0.0291%1h787.29+0.014%$638K$4K10x
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.40+0.155%$1.5M$145K25xas long as short
Reya BNBRUSDPERP+0.0322%1h787.81+0.080%$6K$3K40xas long as short
RISEx BNB/USDC+0.0438%1h787.74+0.071%$1.1M$915K20xas long as short
Hibachi BNB/USDT-P+0.0512%1h788.31+0.144%$67K$39K12xas long as short