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Funding arb · Price arb /

BNC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.2137%/8h= +234.0% APRpaid last 24h +0.080%
Price spread now: Bullet against Bitget−0.239%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BitgetShort on Bullet
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. Bullet is 0.239% cheaper against Bitget than usual: you would sell low and buy high (spread −0.239% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 9 hours of funding at the current rate (+$64 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNCUSDT6.2661−0.2137get 0.2137% / 8h2h 03m$790K$4.2M5x
ShortBullet BNC-USD6.25110get 0.0000% / 1h3m 17s$9K$69K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Bitget. 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
$448.77
Price spread: −0.239% → 0.000%
−$23.88
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bullet: 4 bp × 2 orders
−$8
Net
$404.89
Costs to cover
0.200%
Break-even
0.7 days
Slippage unknown: Bitget: live order book, 5 min ago; Bullet: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago6.78 bp46.1 bp −$4674.1 bp −$741134.9 bp −$13.5Kdoesn't fit
Sell Bullet no order-book sample—————
Bullet: 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.

BNC on 9 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
Bitget BNCUSDTlong−0.2137%8h6.2661long leg$790K$4.2M5x
Binance BNCUSDT−0.1212%8h6.2437−0.357%$13.5M$41.1M10xas long as short
Variational Omni BNC−0.1092%8h6.2504−0.250%$116K$141K—as long as short
Bybit BNCUSDT−0.0836%8h6.2390−0.432%$567K$2.0M25xas long as short
Aster BNCUSD1−0.0636%8h6.2363−0.475%$179K$22K10xas long as short
QFEX BNC-USD−0.0022%1h6.2500−0.257%$49K$13K10xas long as short
Bullet BNC-USDshort0.0000%1h6.2511−0.239%$9K$69K10x
HTX BNC-USDT0.0000%8h6.2510−0.241%$14K$27K10xas long as short
KuCoin BNCUSDTM+0.0029%8h6.2440−0.353%$39K$3.0M20xas long as short