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

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 16:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.003%
Price spread now: Gate against Phemex−0.105%7-day average −0.081% · 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−$35as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Long on PhemexShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.105%, 7d avg −0.081%
Together, before fees+0.211%+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.024% cheaper against Phemex than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.081%). If the spread goes back, that is −$2 on $10k: about 7.3 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.049% in total) that is about 3.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT787.980.0089pay 0.0089% / 8h5h 54m$68.5M$51.1M50x
ShortGate BNB_USDT787.150.0100get 0.0100% / 8h5h 54m$41.1M$53.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$2.35
Price spread: −0.105% → −0.081%
−$2.45
Slippage, 4 orders
−$5.35
Fee Phemex: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$32.45
Costs to cover
0.323%
Break-even
103.6 days
Slippage from Phemex: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago0.06 bp6.9 bp −$78.1 bp −$8111.7 bp −$1,172doesn't fit
Sell Gate live order book, 3 min ago0.32 bp10.4 bp −$1013.0 bp −$13027.3 bp −$2,72656.3 bp −$28.1K

BNB on 45 exchanges

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 +0.0336%1h787.23−0.095%$43K—200xas long as short
Kraken Futures PF_BNBUSD−0.0085%1h787.20−0.099%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h788.09+0.014%$4K—25xas long as short
Aster BNBUSDT0.0000%8h787.84−0.018%$5.9M$17.1M200xas long as short
GRVT BNB_USDT_Perp0.0000%8h787.88−0.012%$2.9M$26.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h787.70−0.036%$139K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h788.25+0.034%$850K$2.9M30xas long as short
Deribit BNB_USDC-PERPETUAL0.0000%1h787.62−0.046%$1.5M$157K25xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.45−0.067%$9.5M—150xas long as short
MEXC BNB_USDT+0.0015%8h788.90+0.117%$83.4M$11.7M200xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0016%8h787.82−0.020%$481.5M$765.9M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.171%$19K$789K30xas long as short
Bybit BNBUSDT+0.0046%8h786.90−0.137%$138.6M$67.2M75xas long as short
BloFin BNB-USDT+0.0065%8h788.01+0.004%$18.4M$2.2M75xas long as short
Phemex BNBUSDTlong+0.0089%8h787.98long leg$68.5M$51.1M50x
Phoenix BNB+0.0094%1h787.95−0.004%$158K$45K10xas long as short
Lighter BNB+0.0096%1h787.38−0.076%$2.7M$3.3M20xas long as short
Nado BNB-PERP+0.0100%1h786.95−0.131%$1.4M$2.4M20xas long as short
Hyperliquid BNB+0.0100%1h787.87−0.014%$51.8M$16.7M10xas long as short
Pacifica BNB+0.0100%1h787.54−0.056%$1.2M$932K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.00−0.124%$53.3M$102.1M50xas long as short
Arcus BNB-USD+0.0100%1h787.40−0.074%$57K$122K10xas long as short
Gate BNB_USDTshort+0.0100%8h787.15−0.105%$41.1M$53.8M75x
KuCoin BNBUSDTM+0.0100%8h787.03−0.121%$28.2M$9.6M75xas long as short
Bitget BNBUSDT+0.0100%8h786.92−0.135%$75.6M$30.7M75xas long as short
BingX BNB-USDC+0.0100%8h787.28−0.089%—$13.4M—as long as short
Backpack BNB_USDC_PERP+0.0100%1h787.75−0.029%$2.2M$6.0M40xas long as short
Variational Omni BNB+0.0100%8h786.85−0.143%$4.3M$4.5M—as long as short
edgeX BNBUSDC+0.0100%4h787.81−0.021%$4.1M$74.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.980.000%$159K$444K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.19−0.100%$130K$905K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.34−0.081%$264K$297K50xas long as short
SunX BNB-USDT+0.0100%8h787.90−0.010%$12K$1.3M50xas long as short
SoDEX BNB-USD+0.0100%1h787.50−0.061%$387K$926K10xas long as short
HTX BNB-USDT+0.0100%8h787.60−0.049%$8.0M$10.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.74−0.031%$78K$356K50xas long as short
Extended BNB-USD+0.0104%1h786.70−0.163%$1.8M$5.6M50xas long as short
Aevo BNB-PERP+0.0104%1h787.21−0.098%$378K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h788.03+0.006%$545K$1.9M50xas long as short
01 Exchange BNBUSD+0.0240%1h787.74−0.030%$28K$3K10xas long as short
Bulk BNB-USD+0.0282%1h788.09+0.014%$639K$010xas long as short
Reya BNBRUSDPERP+0.0317%1h786.79−0.151%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0320%1h787.54−0.056%$67K$37K12xas long as short
RISEx BNB/USDC+0.0393%1h787.49−0.063%$1.1M$901K20xas long as short
dYdX BNB-USD+0.1056%1h787.47−0.064%$158K$34K10xas long as short