BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.082%

Price spread now: dYdX against Arcus−0.058%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on Arcus Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.316%+$32 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now −0.058%, 7d avg −0.095%

Together, before fees+0.272%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.037% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	784.80	0.0100	pay 0.0013% / 1h	30m 11s	$52K	$129K	10x
Short	dYdX BNB-USD	784.34	0.0127	get 0.0016% / 1h	30m 11s	$159K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee ArcusbpFee dYdXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $5.77
Price spread: −0.058% → −0.095%: $3.66
Slippage, 4 orders: −$54.11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$59.18
Costs to cover: 0.686%
Break-even: 78.8 days

Slippage from Arcus: live order book, 18 min ago; dYdX: live order book, 19 min ago.

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 Arcus live order book, 18 min ago	3.17 bp	8.0 bp −$8	24.9 bp −$249	doesn't fit	doesn't fit
Sell dYdX live order book, 19 min ago	11.80 bp	25.5 bp −$25	67.8 bp −$678	112.2 bp −$11.2K	148.7 bp −$74.4K

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 −0.0192% / S +0.0356%	1h	784.59	−0.027%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.20	+0.051%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.03	+0.029%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.68	−0.016%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	785.33	+0.068%	$6.1M	$18.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.585%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0041%	8h	784.56	−0.031%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0049%	8h	785.30	+0.064%	$68.7M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	785.70	+0.115%	$79.6M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	785.47	+0.085%	$488.9M	$809.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	784.70	−0.012%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.32	−0.061%	$577K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.94	+0.018%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.73	−0.009%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.55	−0.032%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.24	+0.056%	$51.5M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.89	+0.011%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.70	−0.013%	$137.9M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.60	−0.025%	$53.3M	$112.2M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	784.80	long leg	$52K	$129K	10x
Gate BNB_USDT	+0.0100%	8h	784.70	−0.013%	$36.3M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.48	−0.041%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.43	−0.047%	$76.0M	$30.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.80	0.000%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.13	−0.086%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.38	+0.074%	$4.1M	$75.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.10	+0.038%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.63	−0.022%	$131K	$954K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.87	+0.008%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.53	+0.093%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.80	0.000%	$386K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.36	−0.056%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.97	+0.022%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.44	−0.046%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.97	+0.022%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	785.73	+0.119%	$169K	$35K	10x	as long as short
dYdX BNB-USDshort	+0.0127%	1h	784.34	−0.058%	$159K	$61K	10x
Kalshi KXBNBPERP	+0.0139%	8h	785.00	+0.025%	$147K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0173%	8h	784.93	+0.017%	$17.6M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	785.51	+0.091%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	785.44	+0.082%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.113%	$637K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.56	−0.030%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	785.19	+0.050%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0432%	1h	784.99	+0.024%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0488%	1h	785.21	+0.052%	$67K	$39K	12x	as long as short