BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.26 per $10,000 · paid last 24h +0.004%

Price spread now: SunX against Phemex−0.008%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$610.605% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.008%, 7d avg +0.007%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, 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	788.05	0.0074	pay 0.0074% / 8h	1h 18m	$68.9M	$51.1M	50x
Short	SunX BNB-USDT	787.99	0.0100	get 0.0100% / 8h	1h 18m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $5.48
Price spread: −0.008% → +0.007%: −$1.54
Slippage, 4 orders: −$40.55
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$56.6
Costs to cover: 0.605%
Break-even: 79.3 days

Slippage from Phemex: live order book, 6 min ago; SunX: live order book, 6 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	0.63 bp	7.6 bp −$8	9.1 bp −$91	12.7 bp −$1,266	doesn't fit
Sell SunX live order book, 6 min ago	15.07 bp	23.6 bp −$24	39.5 bp −$395	doesn't fit	doesn't fit

BNB on 45 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	787.41	−0.082%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.88	−0.022%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.46	+0.052%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.72	−0.042%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.162%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0051%	8h	788.07	+0.002%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	787.66	−0.049%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0062%	8h	788.60	+0.070%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	788.01	−0.005%	$490.8M	$819.8M	75x	as long as short
dYdX BNB-USD	+0.0065%	1h	787.95	−0.012%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDTlong	+0.0074%	8h	788.05	long leg	$68.9M	$51.1M	50x
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.095%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.69	−0.046%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.55	−0.063%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.17	+0.015%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.63	−0.053%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.40	−0.082%	$138.6M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.40	−0.082%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.70	−0.044%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.50	−0.070%	$37.7M	$59.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.25	−0.102%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.32	−0.093%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.86	−0.024%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.41	−0.081%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.00	−0.006%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.19	+0.018%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.52	−0.067%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.45	−0.076%	$265K	$470K	50x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	787.99	−0.008%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	787.60	−0.057%	$387K	$979K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.89	−0.020%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.10	+0.006%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.16	−0.114%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.45	−0.076%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0126%	8h	788.00	−0.006%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.70	−0.044%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0183%	8h	788.12	+0.009%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.85	−0.025%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.37	−0.087%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0230%	8h	788.19	+0.018%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.03	−0.003%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0262%	1h	788.32	+0.034%	$639K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	787.31	−0.094%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.72	−0.041%	$1.1M	$914K	20x	as long as short
Hibachi BNB/USDT-P	+0.0504%	1h	787.94	−0.014%	$67K	$39K	12x	as long as short