BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.007%

Price spread now: MEXC against Phemex+0.011%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.259%+$26 · spread now +0.011%, 7d avg +0.103%

Together, before fees+0.300%+$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.092% cheaper against Phemex than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BNBUSDT	787.11	0.0071	pay 0.0071% / 8h	1h 53m	$68.9M	$51.0M	50x
Short	MEXC BNB_USDT	787.20	0.0067	get 0.0067% / 8h	1h 53m	$80.8M	$11.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$0.88
Price spread: +0.011% → +0.103%: −$9.17
Slippage, 4 orders: −$4.71
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$30.76
Costs to cover: 0.207%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; MEXC: live order book, 5 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, 6 min ago	0.06 bp	6.1 bp −$6	6.2 bp −$62	14.3 bp −$1,428	doesn't fit
Sell MEXC live order book, 5 min ago	0.63 bp	3.6 bp −$4	7.1 bp −$71	17.9 bp −$1,790	32.4 bp −$16.2K

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	786.44	−0.085%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.05	−0.008%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.66	+0.070%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.51	−0.076%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.284%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0046%	8h	786.98	−0.017%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	786.57	−0.069%	—	$13.4M	—	as long as short
dYdX BNB-USD	+0.0062%	1h	786.44	−0.085%	$159K	$62K	10x	as long as short
MEXC BNB_USDTshort	+0.0067%	8h	787.20	+0.011%	$80.8M	$11.9M	200x
Binance BNBUSDT	+0.0067%	8h	786.76	−0.044%	$489.9M	$816.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDTlong	+0.0071%	8h	787.11	long leg	$68.9M	$51.0M	50x
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	+0.161%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.52	−0.075%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.61	−0.064%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.30	−0.103%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.61	−0.064%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.21	−0.114%	$138.3M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.30	−0.103%	$53.4M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	−0.052%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.40	−0.090%	$37.0M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.03	−0.137%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.08	−0.131%	$76.1M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	786.71	−0.051%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.12	+0.001%	$4.1M	$75.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.16	+0.006%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.33	−0.099%	$131K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.78	−0.042%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.14	+0.004%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.70	−0.052%	$387K	$986K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.77	−0.043%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.73	−0.049%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.14	−0.124%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.62	−0.062%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.80	+0.088%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0133%	8h	787.30	+0.024%	$169K	$2.7M	4.8x	as long as short
Hyperliquid BNB	+0.0137%	1h	787.02	−0.011%	$51.5M	$17.6M	10x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.35	+0.030%	$17.8M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.56	−0.070%	$2.5M	$1.2M	50x	as long as short
Backpack BNB_USDC_PERP	+0.0219%	1h	787.40	+0.037%	$2.2M	$6.1M	40x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.46	+0.044%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	786.92	−0.024%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.01	−0.012%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.21	−0.115%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0339%	1h	788.57	+0.185%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.75	−0.046%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0568%	1h	786.99	−0.015%	$67K	$39K	12x	as long as short