BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.004%

Price spread now: Phemex against KuCoin+0.090%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.090%, 7d avg +0.081%

Together, before fees−0.162%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	788.03	0.0100	pay 0.0100% / 8h	3h 43m	$28.1M	$10.2M	75x
Short	Phemex BNBUSDT	788.74	0.0062	get 0.0062% / 8h	3h 43m	$69.0M	$50.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$7.99
Price spread: +0.090% → +0.081%: $0.94
Slippage, 4 orders: −$10.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$41.9
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Phemex: live order book, 6 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, 6 min ago	0.82 bp	10.3 bp −$10	15.4 bp −$154	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	0.38 bp	6.8 bp −$7	7.9 bp −$79	12.4 bp −$1,239	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	+0.024%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	788.04	+0.001%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.67	+0.081%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.70	+0.085%	$129K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	+0.128%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.14	+0.015%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.165%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0033%	8h	788.77	+0.094%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0044%	8h	788.43	+0.051%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0054%	8h	789.20	+0.148%	$80.0M	$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	+0.0054%	8h	788.75	+0.092%	$492.2M	$796.8M	75x	as long as short
Phemex BNBUSDTshort	+0.0062%	8h	788.74	+0.090%	$69.0M	$50.4M	50x
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.283%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	789.11	+0.137%	$170K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.44	+0.052%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.16	+0.016%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.05	+0.003%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.94	+0.115%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.39	+0.046%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.13	+0.013%	$138.7M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.10	+0.009%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.30	+0.034%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.25	+0.028%	$35.9M	$56.9M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	788.03	long leg	$28.1M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	787.84	−0.024%	$76.3M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.63	+0.076%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.41	+0.048%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.33	+0.165%	$4.1M	$73.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.91	+0.112%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.10	+0.009%	$130K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.34	+0.039%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.67	+0.081%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.30	+0.034%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.36	+0.042%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.52	+0.063%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.83	−0.025%	$1.9M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.21	+0.022%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0118%	1h	788.57	+0.068%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0172%	8h	789.11	+0.137%	$2.9M	$28.7M	10x	as long as short
BloFin BNB-USDT	+0.0174%	8h	788.74	+0.090%	$17.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0234%	1h	788.73	+0.089%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	788.74	+0.090%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.68	+0.082%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	788.00	−0.003%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0400%	1h	788.58	+0.070%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.53	+0.063%	$1.1M	$891K	20x	as long as short