BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.33 per $10,000 · paid last 24h −0.007%

Price spread now: Phemex against MEXC−0.084%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now −0.084%, 7d avg −0.102%

Together, before fees−0.189%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.102%, 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	MEXC BNB_USDT	786.40	0.0047	pay 0.0047% / 8h	5m 16s	$81.1M	$12.1M	200x
Short	Phemex BNBUSDT	785.74	0.0080	get 0.0080% / 8h	5m 16s	$68.6M	$51.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against MEXC. 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 MEXCbpFee PhemexbpOrdersPrice spread, now −0.084%Rate

Funding earned: $7
Price spread: −0.084% → −0.102%: $1.83
Slippage, 4 orders: −$6.88
Fee MEXC: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$14.06
Costs to cover: 0.229%
Break-even: 21.1 days

Slippage from MEXC: live order book, 4 min ago; Phemex: 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 MEXC live order book, 4 min ago	1.27 bp	3.3 bp −$3	6.3 bp −$63	21.3 bp −$2,131	39.2 bp −$19.6K
Sell Phemex live order book, 4 min ago	0.06 bp	8.5 bp −$8	9.5 bp −$95	13.2 bp −$1,315	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 −0.0168% / S +0.0337%	1h	784.93	−0.187%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.40	−0.127%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.89	−0.192%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	785.60	−0.102%	$171K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	785.55	−0.108%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.99	−0.180%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0032%	8h	785.58	−0.105%	$6.0M	$18.6M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.377%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0038%	8h	785.08	−0.168%	—	$13.4M	—	as long as short
MEXC BNB_USDTlong	+0.0047%	8h	786.40	long leg	$81.1M	$12.1M	200x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0047%	8h	785.48	−0.117%	$488.4M	$813.7M	75x	as long as short
Phemex BNBUSDTshort	+0.0080%	8h	785.74	−0.084%	$68.6M	$51.2M	50x
Lighter BNB	+0.0096%	1h	785.14	−0.160%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.57	−0.106%	$158K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.65	−0.223%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.64	−0.097%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.11	−0.164%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.88	−0.193%	$138.1M	$73.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.80	−0.203%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.10	−0.165%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.05	−0.172%	$38.4M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.78	−0.206%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.67	−0.220%	$75.3M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.19	−0.154%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.74	−0.211%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.11	−0.164%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.13	−0.161%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.91	−0.189%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.09	−0.167%	$264K	$385K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.73	−0.212%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.40	−0.128%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.20	−0.153%	$386K	$959K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.04	−0.173%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.40	−0.128%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.71	−0.215%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.06	−0.171%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	785.15	−0.159%	$544K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0127%	1h	784.99	−0.179%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0167%	8h	785.47	−0.118%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.49	−0.115%	$1.5M	$141K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0215%	8h	785.41	−0.126%	$2.9M	$27.7M	10x	as long as short
Bulk BNB-USD	+0.0237%	1h	785.14	−0.160%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.71	−0.088%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.78	−0.207%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.39	−0.129%	$1.1M	$921K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	785.23	−0.149%	$67K	$39K	12x	as long as short