Funding you earn now, next payment 05:00 UTC−0.1225%/8h= −134.1% APRpaid last 24h +0.565%
Price spread now: Binance against Bullet+0.127%53s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. Binance is 0.127% dearer against Bullet than usual: you sell high and buy low (spread +0.127% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 53 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 | Bullet BNC-USD | 6.2624 | 0 | get 0.0000% / 1h | 43m 30s | $9K | $69K | 10x |
| Short | Binance BNCUSDT | 6.2703 | −0.1225 | pay 0.1225% / 8h | 3h 43m | $13.7M | $41.6M | 10x |
Bullet BNC-USD
Binance BNCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bullet. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$257.16
- Price spread: +0.127% → 0.000%
- $12.68
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$262.49
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Binance: live order book, 13 min ago. 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 13 min ago | 1.60 bp | 15.4 bp −$15 | 104.2 bp −$1,042 | doesn't fit | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDT | −0.2605% | 8h | 6.2819 | +0.311% | $812K | $4.3M | 5x | as long as short |
| Bybit BNCUSDT | −0.1835% | 8h | 6.2680 | +0.089% | $562K | $2.1M | 25x | as long as short |
| Binance BNCUSDTshort | −0.1225% | 8h | 6.2703 | +0.127% | $13.7M | $41.6M | 10x | |
| Variational Omni BNC | −0.1090% | 8h | 6.2609 | −0.024% | $116K | $141K | — | as long as short |
| HTX BNC-USDT | −0.0729% | 8h | 6.2660 | +0.057% | $14K | $27K | 10x | as long as short |
| Aster BNCUSD1 | −0.0596% | 8h | 6.2625 | +0.002% | $179K | $22K | 10x | as long as short |
| QFEX BNC-USD | −0.0480% | 1h | 6.2600 | −0.038% | $49K | $29K | 10x | as long as short |
| KuCoin BNCUSDTM | −0.0056% | 8h | 6.2720 | +0.153% | $39K | $3.0M | 20x | as long as short |
| Bullet BNC-USDlong | 0.0000% | 1h | 6.2624 | long leg | $9K | $69K | 10x |
Bitget BNCUSDT
Bybit BNCUSDT
Variational Omni BNC
HTX BNC-USDT
Aster BNCUSD1
QFEX BNC-USD
KuCoin BNCUSDTM