data as of
Settings8H · net · $10k
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Funding arb /

BNB

all BNB markets
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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 spread now, next payment 18:00 UTC−0.0048%/8h
paid, last 24h−0.016%paid, last 5 days−0.164%to open and close $10k−$39
Long on PhoenixShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix BNB800.120.0119pay 0.0015% / 1h34m 21s$170K$28K10x
ShortBybit BNBUSDT799.500.0071get 0.0071% / 8h5h 34m$138.5M$92.3M75x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$10.08
Slippage, 4 orders
−$20.62
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$48.69
Break-even
never at this rate
Slippage from Phoenix: live order book, 62 min ago; Bybit: live order book, 1 min ago.

Price risk

price view
Price gap now
−0.077%
Avg gap 7d
−0.117%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 62 min ago1.00 bp12.4 bp −$1250.8 bp −$508doesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago0.63 bp7.2 bp −$78.6 bp −$8623.6 bp −$2,365122.3 bp −$61.1K

BNB on 45 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0370%1h$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h$4K$1K25xas long as short
StandX BNB-USD0.0000%1h$865K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0008%1h$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h$19K$387K30xas long as short
Kraken Futures PF_BNBUSD+0.0041%1h$2.5M$915K50xas long as short
BingX BNB-USDC+0.0044%8h—$13.2M—as long as short
Variational Omni BNB+0.0044%8h$4.1M$6.4M—as long as short
Coinbase International BNB-PERP-INTX+0.0064%1h$601K$922K50xas long as short
Bybit BNBUSDTshort+0.0071%8h$138.5M$92.3M75x
Show all 45 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter BNB+0.0096%1h$3.0M$3.9M20xas long as short
Phemex BNBUSDT+0.0096%8h$70.1M$51.4M50xas long as short
Aster BNBUSDT+0.0099%8h$6.3M$18.9M200xas long as short
Nado BNB-PERP+0.0100%1h$1.5M$2.8M20xas long as short
Pacifica BNB+0.0100%1h$1.2M$913K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h$55.1M$116.6M50xas long as short
Arcus BNB-USD+0.0100%1h$52K$220K10xas long as short
Bulk BNB-USD+0.0100%1h$650K$83K10xas long as short
Gate BNB_USDT+0.0100%8h$35.8M$60.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h$27.9M$10.6M75xas long as short
Bitget BNBUSDT+0.0100%8h$78.2M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h$4.2M$77.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h$158K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h$119K$882K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h$386K$695K50xas long as short
Derive BNB-PERP+0.0100%1h$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h$8.2M$6.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h$78K$19K50xas long as short
MEXC BNB_USDT+0.0103%8h$84.1M$16.1M200xas long as short
Binance BNBUSDT+0.0104%8h$516.5M$807.4M75xas long as short
Extended BNB-USD+0.0104%1h$1.8M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h$384K$40K10xas long as short
Kalshi KXBNBPERP+0.0106%8h$111K$2.9M4.8xas long as short
RISEx BNB/USDC+0.0118%1h$1.1M$1.4M20xas long as short
Phoenix BNBlong+0.0119%1h$170K$28K10x
BloFin BNB-USDT+0.0224%8h$19.0M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h$71K$47K12xas long as short
Hyperliquid BNB+0.0290%1h$51.0M$21.5M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h$1.6M$168K25xas long as short
01 Exchange BNBUSD+0.0304%1h$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0332%1h$9K—40xas long as short
dYdX BNB-USD+0.0398%1h$173K$50K10xas long as short
Backpack BNB_USDC_PERP+0.0473%1h$2.8M$5.2M40xas long as short