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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: edgeX against SoDEX+0.358%45s7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$230.227% of the position
Long on SoDEXShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.014%−$1 on $10k
Price spread, last 3 days (all we have)−0.293%−$29 · spread now +0.358%, 7d avg +0.047%
Together, before fees−0.307%+ Points / potential airdropedgeX: Active · farm board−$31 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: edgeX is 0.311% dearer against SoDEX than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BNB-USD791.000.0100pay 0.0013% / 1h39m 27s$389K$995K10x
ShortedgeX BNBUSDC793.830.0100get 0.0050% / 4h2h 39m$4.1M$76.7M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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
Price spread: +0.358% → +0.047%
$31.07
Slippage, 4 orders
−$5.7
Fee SoDEX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$8.37
Costs to cover
0.227%
Break-even
from the start
Slippage from SoDEX: live order book, 44 min ago; edgeX: live order book, 5 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 SoDEX live order book, 44 min ago0.63 bp5.1 bp −$59.7 bp −$9777.6 bp −$7,761doesn't fit
Sell edgeX live order book, 5 min ago1.89 bp6.4 bp −$66.4 bp −$649.6 bp −$958doesn't fit

BNB on 46 venues

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 −0.0167% / S +0.0335%1h790.09−0.115%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0132%1h791.28+0.035%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h790.94−0.008%$4K$23925xas long as short
Gate BNB_USDT−0.0008%8h790.95−0.006%$35.2M$55.6M75xas long as short
StandX BNB-USD0.0000%1h790.95−0.006%$855K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h790.11−0.113%$9.6M—150xas long as short
Variational Omni BNB+0.0016%8h791.83+0.105%$4.1M$5.0M—as long as short
GRVT BNB_USDT_Perp+0.0023%8h792.65+0.208%$3.0M$28.6M10xas long as short
Aster BNBUSDT+0.0028%8h791.53+0.068%$6.1M$19.9M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.781%$19K$789K30xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX BNB-USD+0.0039%1h791.10+0.012%$160K$63K10xas long as short
BingX BNB-USDT+0.0049%8h791.24+0.030%—$35.0M—as long as short
Coinbase International BNB-PERP-INTX+0.0056%1h790.39−0.077%$607K$1.1M50xas long as short
MEXC BNB_USDT+0.0060%8h792.10+0.139%$82.1M$12.7M200xas long as short
Binance BNBUSDT+0.0061%8h791.73+0.092%$492.2M$817.0M75xas long as short
Phemex BNBUSDT+0.0084%8h791.35+0.044%$69.2M$50.4M50xas long as short
Phoenix BNB+0.0088%1h793.58+0.326%$171K$36K10xas long as short
Lighter BNB+0.0096%1h791.29+0.037%$2.8M$4.0M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h790.44−0.071%$382K$409K50xas long as short
Nado BNB-PERP+0.0100%1h791.10+0.013%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h791.56+0.071%$1.2M$926K20xas long as short
Bybit BNBUSDT+0.0100%8h791.36+0.046%$138.0M$77.5M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h791.30+0.038%$53.1M$111.2M50xas long as short
Arcus BNB-USD+0.0100%1h791.40+0.051%$52K$134K10xas long as short
KuCoin BNBUSDTM+0.0100%8h791.13+0.016%$27.6M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h791.31+0.039%$77.1M$28.4M75xas long as short
edgeX BNBUSDCshort+0.0100%4h793.83+0.358%$4.1M$76.7M30x
ApeX Omni BNBUSDT+0.0100%1h794.01+0.381%$160K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h791.52+0.066%$111K$889K10xas long as short
Derive BNB-PERP+0.0100%1h790.76−0.030%$31K$9K10xas long as short
SunX BNB-USDT+0.0100%8h790.60−0.051%$12K$1.6M50xas long as short
SoDEX BNB-USDlong+0.0100%1h791.00long leg$389K$995K10x
HTX BNB-USDT+0.0100%8h790.88−0.015%$8.1M$8.7M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h791.59+0.074%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h790.96−0.005%$1.7M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h790.69−0.040%$380K$110K10xas long as short
Hyperliquid BNB+0.0113%1h792.04+0.131%$52.0M$19.7M10xas long as short
RISEx BNB/USDC+0.0131%1h791.25+0.032%$1.1M$1.3M20xas long as short
Kalshi KXBNBPERP+0.0163%8h791.40+0.051%$111K$2.8M4.8xas long as short
Bulk BNB-USD+0.0167%1h793.21+0.279%$644K$10K10xas long as short
BloFin BNB-USDT+0.0182%8h794.06+0.387%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0240%1h791.51+0.064%$28K$2K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h791.19+0.023%$1.5M$161K25xas long as short
Reya BNBRUSDPERP+0.0329%1h791.26+0.033%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0386%1h791.78+0.099%$2.7M$5.7M40xas long as short
Hibachi BNB/USDT-P+0.0504%1h790.50−0.063%$68K$38K12xas long as short