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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.006%
Price spread now: Phoenix against Paradex−0.024%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding pays, the price is against you. Phoenix is 0.024% cheaper against Paradex than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4.0 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex BNB-USD-PERP787.810.0100pay 0.0100% / 8h7h 19m$78K$47K50x
ShortPhoenix BNB787.620.0120get 0.0015% / 1h19m 17s$158K$38K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Paradex. 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

Funding earned
$4.24
Price spread: −0.024% → 0.000%
−$2.43
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$9.19
Costs to cover
0.110%
Break-even
22.2 days
Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample—————
Sell Phoenix live order book, 7 min ago1.02 bp12.4 bp −$1243.1 bp −$431doesn't fitdoesn't fit
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0166% / S +0.0337%1h787.36−0.057%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h787.88+0.009%$4K—25xas long as short
Kraken Futures PF_BNBUSD−0.0021%1h787.17−0.081%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp0.0000%8h788.19+0.047%$3.0M$27.0M10xas long as short
StandX BNB-USD0.0000%1h788.19+0.048%$850K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.33−0.061%$9.5M—150xas long as short
Aster BNBUSDT+0.0017%8h787.86+0.006%$6.0M$17.9M200xas long as short
BingX BNB-USDT+0.0028%8h787.63−0.023%—$22.2M—as long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.193%$19K$789K30xas long as short
MEXC BNB_USDT+0.0035%8h789.00+0.151%$82.8M$12.3M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0035%8h787.82+0.001%$489.1M$797.1M75xas long as short
Lighter BNB+0.0096%1h787.42−0.050%$2.7M$3.7M20xas long as short
Nado BNB-PERP+0.0100%1h787.35−0.059%$1.4M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h787.93+0.015%$51.7M$17.4M10xas long as short
Pacifica BNB+0.0100%1h787.59−0.028%$1.2M$936K20xas long as short
Bybit BNBUSDT+0.0100%8h787.20−0.078%$138.6M$72.3M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.20−0.078%$53.5M$109.1M50xas long as short
Arcus BNB-USD+0.0100%1h787.60−0.027%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h787.45−0.046%$39.7M$56.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.01−0.102%$27.8M$9.9M75xas long as short
Bitget BNBUSDT+0.0100%8h787.05−0.097%$75.5M$32.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.84+0.004%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.84+0.003%$4.3M$5.0M—as long as short
edgeX BNBUSDC+0.0100%4h787.90+0.011%$4.1M$76.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.71−0.013%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.23−0.074%$132K$917K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.35−0.059%$265K$357K50xas long as short
Derive BNB-PERP+0.0100%1h784.27−0.450%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.93+0.015%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.50−0.040%$387K$940K10xas long as short
HTX BNB-USDT+0.0100%8h787.47−0.043%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERPlong+0.0100%8h787.81long leg$78K$47K50x
Extended BNB-USD+0.0104%1h786.96−0.108%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h787.34−0.060%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0107%8h787.90+0.011%$158K$2.6M4.8xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h787.14−0.085%$548K$1.9M50xas long as short
Phoenix BNBshort+0.0120%1h787.62−0.024%$158K$38K10x
Phemex BNBUSDT+0.0124%8h787.99+0.023%$68.6M$51.3M50xas long as short
BloFin BNB-USDT+0.0141%8h787.98+0.021%$17.8M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h787.71−0.013%$1.5M$141K25xas long as short
dYdX BNB-USD+0.0200%1h787.48−0.042%$158K$63K10xas long as short
Bulk BNB-USD+0.0200%1h784.80−0.382%$636K$63010xas long as short
01 Exchange BNBUSD+0.0232%1h787.95+0.018%$28K$3K10xas long as short
Reya BNBRUSDPERP+0.0319%1h787.12−0.088%$6K$3K40xas long as short
RISEx BNB/USDC+0.0355%1h787.79−0.002%$1.1M$886K20xas long as short
Hibachi BNB/USDT-P+0.0408%1h787.80−0.001%$67K$39K12xas long as short