BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.004%

Price spread now: Bitget against Phemex−0.099%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

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

costs, in and out, $10k−$340.345% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.099%, 7d avg −0.107%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.107%, 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	Phemex BNBUSDT	784.28	0.0074	pay 0.0074% / 8h	20m 45s	$68.5M	$51.2M	50x
Short	Bitget BNBUSDT	783.50	0.0100	get 0.0100% / 8h	20m 45s	$75.2M	$32.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.099%Rate

Funding earned: $5.44
Price spread: −0.099% → −0.107%: $0.8
Slippage, 4 orders: −$10.47
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.24
Costs to cover: 0.345%
Break-even: 43.3 days

Slippage from Phemex: live order book, 3 min ago; Bitget: live order book, 3 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	1.15 bp	7.3 bp −$7	7.3 bp −$73	11.7 bp −$1,174	doesn't fit
Sell Bitget live order book, 3 min ago	0.06 bp	6.5 bp −$6	9.6 bp −$96	17.3 bp −$1,727	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	783.78	−0.064%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.42	+0.018%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	783.73	−0.071%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	784.50	+0.028%	$171K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	784.22	−0.008%	$846K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	783.78	−0.064%	$9.4M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.653%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	784.43	+0.019%	$6.0M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0039%	8h	783.80	−0.061%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	785.00	+0.092%	$80.7M	$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	+0.0049%	8h	784.44	+0.020%	$487.2M	$819.7M	75x	as long as short
Phemex BNBUSDTlong	+0.0074%	8h	784.28	long leg	$68.5M	$51.2M	50x
Lighter BNB	+0.0096%	1h	783.99	−0.036%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	784.53	+0.032%	$161K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.85	−0.055%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.36	+0.010%	$51.4M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.08	−0.026%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	783.70	−0.074%	$137.9M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	783.80	−0.061%	$53.3M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.30	+0.003%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	783.80	−0.061%	$38.2M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	783.52	−0.097%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	783.50	−0.099%	$75.2M	$32.6M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	784.15	−0.017%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.41	−0.111%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	783.84	−0.056%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.61	+0.042%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	783.77	−0.065%	$131K	$944K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	783.82	−0.059%	$263K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.17	−0.015%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.33	+0.007%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	783.90	−0.048%	$385K	$967K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.34	+0.008%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.48	+0.026%	$78K	$17K	50x	as long as short
dYdX BNB-USD	+0.0103%	1h	783.56	−0.092%	$159K	$62K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	783.39	−0.113%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	783.87	−0.052%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.48	+0.026%	$546K	$1.9M	50x	as long as short
BloFin BNB-USDT	+0.0169%	8h	784.71	+0.055%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.17	−0.014%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0208%	1h	785.53	+0.159%	$637K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	784.62	+0.043%	$2.9M	$28.4M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	784.67	+0.050%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	783.40	−0.112%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	784.38	+0.013%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	784.39	+0.015%	$67K	$39K	12x	as long as short