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

BNB

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Alert: spread
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Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%
Price spread now: Coinbase International against Phoenix−0.056%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Long on PhoenixShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.277%−$28 on $10k
Price spread, last 4 days (all we have)−0.154%−$15 · spread now −0.056%, 7d avg −0.087%
Together, before fees−0.431%−$43 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: Coinbase International is 0.032% dearer against Phoenix than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.087%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix BNB787.920.0120pay 0.0015% / 1h53m 06s$158K$45K10x
ShortCoinbase International BNB-PERP-INTX787.480.0120get 0.0015% / 1h53m 06s$545K$1.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Phoenix. 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
$0.05
Price spread: −0.056% → −0.087%
$3.15
Slippage, 4 orders
−$22.71
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$36.52
Costs to cover
0.397%
Break-even
5433.3 days
Slippage from Phoenix: live order book, 52 min ago; Coinbase International: live order book, 4 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 Phoenix live order book, 52 min ago1.02 bp12.4 bp −$1250.9 bp −$509doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago1.97 bp7.2 bp −$713.2 bp −$132doesn't fitdoesn't fit

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%1h787.13−0.100%$43K—200xas long as short
Kraken Futures PF_BNBUSD−0.0085%1h787.20−0.092%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h788.09+0.022%$4K—25xas long as short
Aster BNBUSDT0.0000%8h787.80−0.015%$5.9M$17.0M200xas long as short
GRVT BNB_USDT_Perp0.0000%8h787.82−0.012%$3.0M$26.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h787.80−0.015%$139K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h788.22+0.038%$850K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.21−0.090%$9.5M—150xas long as short
MEXC BNB_USDT+0.0015%8h789.00+0.137%$83.4M$11.7M200xas long as short
Binance BNBUSDT+0.0015%8h787.90−0.003%$481.5M$765.6M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+2.179%$19K$789K30xas long as short
Bybit BNBUSDT+0.0046%8h786.94−0.124%$138.6M$66.9M75xas long as short
BloFin BNB-USDT+0.0063%8h787.99+0.009%$18.4M$2.2M75xas long as short
Phemex BNBUSDT+0.0089%8h787.89−0.004%$68.5M$51.1M50xas long as short
Lighter BNB+0.0096%1h787.45−0.059%$2.7M$3.3M20xas long as short
Nado BNB-PERP+0.0100%1h787.02−0.115%$1.4M$2.4M20xas long as short
Hyperliquid BNB+0.0100%1h787.920.000%$51.9M$16.7M10xas long as short
Pacifica BNB+0.0100%1h787.51−0.052%$1.2M$932K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.10−0.104%$53.3M$102.2M50xas long as short
Arcus BNB-USD+0.0100%1h787.40−0.066%$57K$122K10xas long as short
Gate BNB_USDT+0.0100%8h787.20−0.091%$41.2M$53.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.08−0.107%$28.2M$9.6M75xas long as short
Bitget BNBUSDT+0.0100%8h787.04−0.112%$75.6M$30.7M75xas long as short
BingX BNB-USDT+0.0100%8h787.46−0.058%—$50.1M—as long as short
Backpack BNB_USDC_PERP+0.0100%1h787.70−0.028%$2.2M$6.0M40xas long as short
Variational Omni BNB+0.0100%8h786.85−0.136%$4.3M$4.5M—as long as short
edgeX BNBUSDC+0.0100%4h787.81−0.014%$4.1M$74.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.94+0.003%$159K$444K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.11−0.103%$130K$905K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.34−0.074%$264K$297K50xas long as short
SunX BNB-USDT+0.0100%8h787.76−0.020%$12K$1.3M50xas long as short
SoDEX BNB-USD+0.0100%1h787.50−0.053%$387K$926K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h787.64−0.035%$1.5M$157K25xas long as short
HTX BNB-USDT+0.0100%8h787.57−0.044%$8.0M$10.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.67−0.032%$88K$371K50xas long as short
Extended BNB-USD+0.0104%1h786.84−0.137%$1.8M$5.6M50xas long as short
Aevo BNB-PERP+0.0104%1h787.16−0.096%$378K$110K10xas long as short
Phoenix BNBlong+0.0120%1h787.92long leg$158K$45K10x
Coinbase International BNB-PERP-INTXshort+0.0120%1h787.48−0.056%$545K$1.9M50x
01 Exchange BNBUSD+0.0240%1h787.70−0.028%$28K$3K10xas long as short
Bulk BNB-USD+0.0282%1h788.09+0.022%$639K$010xas long as short
Reya BNBRUSDPERP+0.0317%1h786.81−0.140%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0320%1h787.45−0.060%$67K$37K12xas long as short
RISEx BNB/USDC+0.0393%1h787.52−0.051%$1.1M$901K20xas long as short
dYdX BNB-USD+0.1010%1h787.47−0.057%$158K$34K10xas long as short