BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −1.9% APRnext payment −$0.18 per $10,000 · paid last 24h +0.007%

Price spread now: Binance against Phemex−0.002%52s7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as 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−$240.237% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.002%, 7d avg +0.015%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 52 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	Phemex BNBUSDT	786.92	0.0075	pay 0.0075% / 8h	1h 01m	$68.8M	$51.1M	50x
Short	Binance BNBUSDT	786.90	0.0057	get 0.0057% / 8h	1h 01m	$489.1M	$821.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phemex. 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 PhemexbpFee BinancebpOrdersPrice spread, now −0.002%Rate

Funding earned: −$3.71
Price spread: −0.002% → +0.015%: −$1.72
Slippage, 4 orders: −$1.71
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.14
Costs to cover: 0.237%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 12 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 Phemex live order book, 3 min ago	0.38 bp	6.6 bp −$7	8.0 bp −$80	12.8 bp −$1,282	doesn't fit
Sell Binance live order book, 12 min ago	0.06 bp	5.1 bp −$5	5.9 bp −$59	14.6 bp −$1,462	41.8 bp −$20.9K

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 −0.0170% / S +0.0337%	1h	786.22	−0.089%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.78	−0.018%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.83	+0.116%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.35	−0.073%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.309%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0047%	8h	786.51	−0.052%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0048%	8h	786.90	−0.003%	$6.1M	$18.8M	200x	as long as short
Binance BNBUSDTshort	+0.0057%	8h	786.90	−0.002%	$489.1M	$821.2M	75x
MEXC BNB_USDT	+0.0058%	8h	787.70	+0.099%	$81.0M	$12.1M	200x	as long as short
dYdX BNB-USD	+0.0064%	1h	786.64	−0.035%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDTlong	+0.0075%	8h	786.92	long leg	$68.8M	$51.1M	50x
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.43	+0.065%	$564K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.50	−0.053%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.15	−0.098%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.95	+0.004%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.64	−0.035%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.20	−0.091%	$138.3M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.20	−0.091%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.60	−0.041%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.30	−0.079%	$37.9M	$59.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.98	−0.119%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.11	−0.103%	$76.7M	$31.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.69	−0.029%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.51	+0.075%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.27	+0.045%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.69	+0.098%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.26	−0.084%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.32	−0.076%	$264K	$460K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.05	+0.017%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.91	−0.002%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.40	−0.066%	$387K	$977K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.77	−0.019%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.87	−0.006%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.93	−0.126%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.31	−0.078%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	786.90	−0.003%	$171K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.76	+0.107%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0178%	8h	787.12	+0.025%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.70	−0.028%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.23	−0.088%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0222%	1h	787.85	+0.118%	$639K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0227%	8h	787.38	+0.058%	$2.9M	$28.6M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	786.86	−0.008%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.00	−0.116%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.64	−0.035%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	786.60	−0.041%	$67K	$39K	12x	as long as short