Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.054%
Price spread now: Bulk against Phemex−0.001%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Long on PhemexShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.274%+$27 on $10k
Price spread, last 4 days (all we have)+0.308%+$31 · spread now −0.001%, 7d avg +0.033%
Together, before fees+0.581%+$58 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bulk is 0.034% cheaper against Phemex than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.033%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT792.190.0050pay 0.0050% / 8h5h 07m$69.4M$50.4M50x
ShortBulk BNB-USD792.180.0366get 0.0046% / 1h7m 35s$641K$9K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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

Funding earned
$66.31
Price spread: −0.001% → +0.033%
−$3.36
Slippage, 4 orders
−$3.01
Fee Phemex: 6 bp × 2 orders
−$12
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$40.94
Costs to cover
0.220%
Break-even
2.7 days
Slippage from Phemex: live order book, 7 min ago; Bulk: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 7 min ago1.01 bp7.5 bp −$88.4 bp −$8412.9 bp −$1,290doesn't fit
Sell Bulk live order book, 56 min ago0.06 bp3.6 bp −$43.6 bp −$366.6 bp −$66117.8 bp −$8,922

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 −0.0167% / S +0.0335%1h791.36−0.104%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h791.76−0.054%$4K$23925xas long as short
StandX BNB-USD0.0000%1h792.16−0.004%$856K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h791.89−0.037%$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.628%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h792.68+0.062%$592K$1.9M50xas long as short
Aster BNBUSDT+0.0049%8h791.06−0.142%$6.2M$18.7M200xas long as short
Phemex BNBUSDTlong+0.0050%8h792.19long leg$69.4M$50.4M50x
BingX BNB-USDC+0.0060%8h791.30−0.112%—$13.4M—as long as short
MEXC BNB_USDT+0.0071%8h791.50−0.087%$80.4M$12.5M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0071%8h790.90−0.163%$493.9M$791.5M75xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h791.72−0.059%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h791.12−0.135%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.80−0.049%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h790.25−0.245%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h791.41−0.098%$51.9M$17.5M10xas long as short
Pacifica BNB+0.0100%1h791.10−0.137%$1.2M$914K20xas long as short
Bybit BNBUSDT+0.0100%8h790.00−0.276%$139.0M$76.8M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h789.90−0.289%$53.5M$111.9M50xas long as short
Arcus BNB-USD+0.0100%1h790.70−0.188%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h790.80−0.175%$35.4M$57.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h790.61−0.199%$27.7M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h789.95−0.283%$76.6M$30.3M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h791.94−0.032%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h791.10−0.138%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h791.80−0.049%$4.1M$74.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h791.37−0.104%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h790.29−0.240%$133K$949K10xas long as short
Derive BNB-PERP+0.0100%1h791.93−0.033%$32K$12K10xas long as short
SunX BNB-USDT+0.0100%8h791.99−0.025%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h791.80−0.049%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h792.00−0.024%$8.1M$9.2M75xas long as short
Paradex BNB-USD-PERP+0.0102%8h791.73−0.058%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h790.13−0.260%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.73−0.058%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h791.64−0.069%$170K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0141%8h791.87−0.040%$2.9M$27.9M10xas long as short
Kalshi KXBNBPERP+0.0187%8h792.80+0.077%$104K$2.7M4.8xas long as short
dYdX BNB-USD+0.0187%1h791.19−0.126%$160K$63K10xas long as short
BloFin BNB-USDT+0.0192%8h791.99−0.025%$18.2M$2.2M75xas long as short
01 Exchange BNBUSD+0.0280%1h790.87−0.167%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0327%1h789.94−0.283%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h790.71−0.187%$1.1M$979K20xas long as short
Bulk BNB-USDshort+0.0366%1h792.18−0.001%$641K$9K10x
Deribit BNB_USDC-PERPETUAL+0.0400%1h792.24+0.007%$1.5M$143K25xas long as short
Hibachi BNB/USDT-P+0.0576%1h791.63−0.070%$68K$38K12xas long as short