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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 11:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h +0.027%
Price spread now: BloFin against Arcus+0.075%7-day average −0.007% · 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−$26as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Long on ArcusShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.050%+$5 on $10k
Price spread, last 4 days (all we have)−0.284%−$28 · spread now +0.075%, 7d avg −0.007%
Together, before fees−0.234%−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.082% dearer against Arcus than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of −0.007%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.5 days. Mind the row above: over the last 4 days funding on this pair paid +0.050%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus BNB-USD787.400.0100pay 0.0013% / 1h52m 25s$57K$122K10x
ShortBloFin BNB-USDT787.990.0063get 0.0063% / 8h5h 52m$18.4M$2.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. 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
−$7.68
Price spread: +0.075% → −0.007%
$8.2
Slippage, 4 orders
−$17.66
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$33.64
Costs to cover
0.342%
Break-even
never at this rate
Slippage from Arcus: live order book, 58 min ago; BloFin: 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 Arcus live order book, 58 min ago6.37 bp11.2 bp −$1128.8 bp −$288doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago0.06 bp6.8 bp −$78.6 bp −$8613.1 bp −$1,310doesn'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%1h787.13−0.034%$43K—200xas long as short
Kraken Futures PF_BNBUSD−0.0085%1h787.20−0.026%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h788.09+0.088%$4K—25xas long as short
Aster BNBUSDT0.0000%8h787.65+0.032%$5.9M$17.0M200xas long as short
GRVT BNB_USDT_Perp0.0000%8h787.82+0.054%$3.0M$26.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h787.80+0.051%$139K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h788.22+0.104%$850K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.21−0.024%$9.5M—150xas long as short
MEXC BNB_USDT+0.0015%8h788.70+0.165%$83.3M$11.7M200xas long as short
Binance BNBUSDT+0.0015%8h787.68+0.036%$481.4M$765.5M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+2.247%$19K$789K30xas long as short
Bybit BNBUSDT+0.0043%8h786.80−0.076%$138.5M$67.0M75xas long as short
BloFin BNB-USDTshort+0.0063%8h787.99+0.075%$18.4M$2.2M75x
Phemex BNBUSDT+0.0089%8h787.89+0.062%$68.5M$51.1M50xas long as short
Lighter BNB+0.0096%1h787.23−0.022%$2.7M$3.3M20xas long as short
Nado BNB-PERP+0.0100%1h786.85−0.070%$1.4M$2.4M20xas long as short
Hyperliquid BNB+0.0100%1h787.74+0.043%$51.9M$16.8M10xas long as short
Pacifica BNB+0.0100%1h787.29−0.014%$1.2M$932K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.90−0.064%$53.3M$102.1M50xas long as short
Arcus BNB-USDlong+0.0100%1h787.40long leg$57K$122K10x
Gate BNB_USDT+0.0100%8h787.10−0.038%$41.2M$53.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.99−0.052%$28.2M$9.6M75xas long as short
Bitget BNBUSDT+0.0100%8h786.80−0.076%$75.6M$30.7M75xas long as short
BingX BNB-USDC+0.0100%8h787.14−0.033%—$13.4M—as long as short
Backpack BNB_USDC_PERP+0.0100%1h787.70+0.038%$2.2M$6.0M40xas long as short
Variational Omni BNB+0.0100%8h786.85−0.070%$4.3M$4.5M—as long as short
edgeX BNBUSDC+0.0100%4h787.81+0.052%$4.1M$74.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.94+0.069%$159K$444K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.02−0.048%$130K$905K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.11−0.037%$264K$297K50xas long as short
SunX BNB-USDT+0.0100%8h787.76+0.046%$12K$1.3M50xas long as short
SoDEX BNB-USD+0.0100%1h787.50+0.013%$387K$926K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h787.64+0.031%$1.5M$157K25xas long as short
HTX BNB-USDT+0.0100%8h787.57+0.022%$8.0M$10.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.60+0.025%$78K$386K50xas long as short
Extended BNB-USD+0.0104%1h786.63−0.098%$1.8M$5.6M50xas long as short
Aevo BNB-PERP+0.0104%1h787.16−0.030%$378K$110K10xas long as short
Phoenix BNB+0.0120%1h787.92+0.066%$158K$45K10xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h787.48+0.010%$545K$1.9M50xas long as short
01 Exchange BNBUSD+0.0240%1h787.65+0.032%$28K$3K10xas long as short
Bulk BNB-USD+0.0282%1h788.09+0.088%$639K$010xas long as short
Reya BNBRUSDPERP+0.0317%1h786.68−0.092%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0320%1h787.44+0.005%$67K$37K12xas long as short
RISEx BNB/USDC+0.0393%1h787.41+0.002%$1.1M$901K20xas long as short
dYdX BNB-USD+0.1054%1h787.47+0.009%$158K$34K10xas long as short