Funding you earn now, next payment 23:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h −0.001%
Price spread now: Phoenix against Aster+0.082%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days+0.268%+$27 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.082%, 7d avg +0.002%
=Together, before fees+0.241%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.079% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster BNBUSDT | 799.33 | 0.0074 | pay 0.0074% / 8h | 7h 57m | $6.2M | $19.3M | 200x |
| Short | Phoenix BNB | 799.98 | 0.0127 | get 0.0016% / 1h | 57m 12s | $172K | $35K | 10x |
Aster BNBUSDT
Phoenix BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $11.07
- Price spread: +0.082% → +0.002%
- $7.92
- Slippage, 4 orders
- −$19.85
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$15.86
- Costs to cover
- 0.348%
- Break-even
- 17.0 days
Slippage from Aster: live order book, 2 min ago; Phoenix: live order book, 9 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 Aster live order book, 2 min ago | 0.69 bp | 5.3 bp −$5 | 6.5 bp −$65 | 19.5 bp −$1,950 | doesn't fit |
| Sell Phoenix live order book, 9 min ago | 1.00 bp | 12.4 bp −$12 | 43.2 bp −$432 | doesn't fit | doesn't fit |
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 −0.0201% / S +0.0372% | 1h | 798.85 | −0.060% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 798.37 | −0.120% | $2.5M | $977K | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.09 | −0.030% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0019% | 8h | 798.55 | −0.097% | $35.7M | $55.6M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.73 | +0.050% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.39 | +0.008% | $864K | $2.9M | 30x | as long as short |
| Phemex BNBUSDT | 0.0000% | 8h | 799.12 | −0.026% | $69.9M | $50.7M | 50x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.83 | −0.062% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0009% | 8h | 798.84 | −0.061% | $4.1M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0030% | 8h | 798.98 | −0.043% | — | $13.3M | — | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Phemex BNBUSDT
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDCShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.721% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 798.68 | −0.081% | $602K | $985K | 50x | as long as short |
| Bybit BNBUSDT | +0.0062% | 8h | 798.35 | −0.122% | $138.7M | $76.8M | 75x | as long as short |
| Aster BNBUSDTlong | +0.0074% | 8h | 799.33 | long leg | $6.2M | $19.3M | 200x | |
| MEXC BNB_USDT | +0.0095% | 8h | 799.40 | +0.009% | $83.1M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0095% | 8h | 799.17 | −0.020% | $497.2M | $818.8M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.90 | −0.053% | $2.8M | $4.0M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.48 | −0.106% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.76 | −0.071% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.30 | −0.129% | $54.4M | $112.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.10 | −0.028% | $53K | $133K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.68 | −0.081% | $28.0M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 798.39 | −0.117% | $78.8M | $27.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.62 | +0.037% | $4.2M | $76.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.37 | +0.005% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.60 | −0.091% | $116K | $872K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.57 | −0.095% | $386K | $494K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 798.75 | −0.073% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.17 | −0.020% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.80 | −0.066% | $393K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 799.00 | −0.041% | $1.6M | $160K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.53 | −0.100% | $8.2M | $8.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.37 | +0.005% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 798.30 | −0.129% | $1.8M | $6.6M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.84 | −0.061% | $384K | $60K | 10x | as long as short |
| Phoenix BNBshort | +0.0127% | 1h | 799.98 | +0.082% | $172K | $35K | 10x | |
| Hibachi BNB/USDT-P | +0.0152% | 1h | 799.05 | −0.035% | $70K | $43K | 12x | as long as short |
| Kalshi KXBNBPERP | +0.0154% | 8h | 799.40 | +0.009% | $90K | $2.9M | 4.8x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 798.96 | −0.047% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USD | +0.0158% | 1h | 799.24 | −0.011% | $649K | $14K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 799.44 | +0.014% | $28K | $1K | 10x | as long as short |
| BloFin BNB-USDT | +0.0215% | 8h | 799.13 | −0.025% | $18.1M | $2.5M | 75x | as long as short |
| dYdX BNB-USD | +0.0228% | 1h | 798.89 | −0.055% | $161K | $63K | 10x | as long as short |
| Hyperliquid BNB | +0.0270% | 1h | 799.54 | +0.027% | $52.5M | $20.8M | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0285% | 1h | 799.38 | +0.007% | $2.7M | $5.7M | 40x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 798.39 | −0.117% | $6K | $3K | 40x | as long as short |
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Bybit BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Hibachi BNB/USDT-P
Kalshi KXBNBPERP
RISEx BNB/USDC
Bulk BNB-USD
01 Exchange BNBUSD
BloFin BNB-USDT
dYdX BNB-USD
Hyperliquid BNB
Backpack BNB_USDC_PERP
Reya BNBRUSDPERP