BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0101%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h +0.053%

Price spread now: 01 Exchange against Phoenix−0.060%112s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.060% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 48 hours of funding at the current rate (+$3 a day). The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix BNB	797.27	0.0099	pay 0.0012% / 1h	3m 30s	$171K	$36K	10x
Short	01 Exchange BNBUSD	796.79	0.0200	get 0.0025% / 1h	3m 30s	$28K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee PhoenixbpFee 01 ExchangebpOrdersPrice spread, now −0.060%Rate

Funding earned: $21.2
Price spread: −0.060% → 0.000%: −$6.02
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $1.18
Costs to cover: 0.140%
Break-even: 6.6 days

Slippage unknown: Phoenix: live order book, 63 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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 Phoenix live order book, 63 min ago	1.00 bp	12.4 bp −$12	50.9 bp −$509	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0159% / S +0.0335%	1h	797.42	+0.018%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	796.89	−0.048%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	796.50	−0.097%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0002%	8h	795.65	−0.203%	$35.8M	$57.2M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	797.56	+0.036%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.24	+0.122%	$863K	$3.0M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	797.49	+0.028%	$69.6M	$50.2M	50x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.48	+0.026%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	796.50	−0.096%	$4.1M	$5.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.981%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0044%	8h	796.50	−0.097%	$6.1M	$19.6M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	797.60	+0.041%	$610K	$1.1M	50x	as long as short
BingX BNB-USDC	+0.0057%	8h	796.04	−0.154%	—	$13.3M	—	as long as short
Binance BNBUSDT	+0.0068%	8h	796.62	−0.082%	$495.8M	$813.1M	75x	as long as short
Bybit BNBUSDT	+0.0068%	8h	795.90	−0.172%	$138.5M	$76.5M	75x	as long as short
MEXC BNB_USDT	+0.0069%	8h	796.70	−0.071%	$82.8M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	796.64	−0.079%	$2.8M	$4.0M	20x	as long as short
Phoenix BNBlong	+0.0099%	1h	797.27	long leg	$171K	$36K	10x
Nado BNB-PERP	+0.0100%	1h	796.20	−0.134%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	796.57	−0.087%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	796.00	−0.159%	$54.0M	$110.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	796.40	−0.109%	$52K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	796.27	−0.125%	$27.8M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	795.47	−0.226%	$77.9M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	797.71	+0.055%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.08	+0.102%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.37	+0.013%	$111K	$887K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.40	+0.016%	$385K	$467K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.42	+0.018%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	797.83	+0.071%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	797.30	+0.004%	$392K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	796.96	−0.039%	$8.2M	$8.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	796.88	−0.049%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	795.42	−0.232%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.31	+0.005%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0133%	1h	798.69	+0.178%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	796.11	−0.146%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0164%	8h	797.90	+0.079%	$104K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0188%	1h	796.05	−0.152%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0190%	8h	797.60	+0.041%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSDshort	+0.0200%	1h	796.79	−0.060%	$28K	$1K	10x
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	797.76	+0.062%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0280%	1h	796.80	−0.059%	$52.9M	$20.1M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.10	−0.022%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0384%	1h	797.27	+0.001%	$68K	$38K	12x	as long as short
Backpack BNB_USDC_PERP	+0.0426%	1h	797.55	+0.035%	$2.7M	$5.7M	40x	as long as short