BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.003%

Price spread now: OKX against Phemex−0.127%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 3 days (all we have)+0.091%+$9 · spread now −0.127%, 7d avg −0.095%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and OKX is 0.032% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.095%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.056%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BNBUSDT	802.42	0.0112	pay 0.0112% / 8h	41m 09s	$70.1M	$50.9M	50x
Short	OKX BNB-USDT-SWAP	801.40	0.0100	get 0.0100% / 8h	41m 09s	$54.6M	$113.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$2.59
Price spread: −0.127% → −0.095%: −$3.23
Slippage, 4 orders: −$3.24
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$31.06
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; OKX: 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	0.75 bp	6.9 bp −$7	6.9 bp −$69	12.8 bp −$1,281	doesn't fit
Sell OKX live order book, 3 min ago	0.62 bp	5.6 bp −$6	7.2 bp −$72	18.8 bp −$1,877	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 −0.0201% / S +0.0372%	1h	802.02	−0.050%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.26	−0.020%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	801.61	−0.102%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.87	+0.056%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.34	+0.115%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.96	−0.057%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0027%	8h	802.45	+0.004%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0048%	8h	801.88	−0.067%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0058%	8h	801.30	−0.140%	$139.1M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.212%	$607K	$995K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	801.94	−0.060%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.68	−0.093%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.84	−0.073%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	801.40	−0.127%	$54.6M	$113.4M	50x
Arcus BNB-USD	+0.0100%	1h	802.20	−0.027%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.80	−0.077%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.84	−0.072%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.48	−0.117%	$79.5M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.59	+0.146%	$4.2M	$77.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.34	+0.115%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.84	−0.072%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.89	−0.066%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.07	−0.044%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.20	−0.027%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	801.90	−0.065%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.87	−0.068%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.23	−0.024%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	802.52	+0.012%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.21	−0.151%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.90	−0.065%	$385K	$40K	10x	as long as short
Phemex BNBUSDTlong	+0.0112%	8h	802.42	long leg	$70.1M	$50.9M	50x
Kalshi KXBNBPERP	+0.0114%	8h	802.40	−0.002%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0123%	8h	802.60	+0.022%	$83.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0123%	8h	802.24	−0.022%	$501.7M	$817.2M	75x	as long as short
Phoenix BNB	+0.0127%	1h	802.03	−0.049%	$172K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	802.17	−0.031%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0218%	1h	802.70	+0.035%	$52.0M	$21.4M	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	801.92	−0.062%	$70K	$44K	12x	as long as short
BloFin BNB-USDT	+0.0243%	8h	802.44	+0.002%	$18.3M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	801.96	−0.057%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.333%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.145%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.53	−0.111%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	802.51	+0.011%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0364%	1h	802.48	+0.007%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0432%	1h	802.20	−0.028%	$162K	$62K	10x	as long as short