Funding you earn now, next payment 23:00 UTC+0.0235%/8h= +25.7% APRpaid last 24h +0.046%
Price spread now: Bulk against Binance−0.104%7-day average +0.015% · 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−$29as in the Price arb table
costs, in and out, $10k−$180.175% of the position
Funding, last 3 days (all we have)+0.241%+$24 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.104%, 7d avg +0.015%
=Funding pays, the price is against you. Bulk is 0.119% cheaper against Binance than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of +0.015%). If the spread goes back, that is −$12 on $10k: about 41 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BNBUSDT | 802.42 | 0.0119 | pay 0.0119% / 8h | 1h 28m | $504.4M | $829.6M | 75x |
| Short | Bulk BNB-USD | 801.59 | 0.0354 | get 0.0044% / 1h | 28m 34s | $651K | $21K | 10x |
Binance BNBUSDT
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Binance. 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
- $49.35
- Price spread: −0.104% → +0.015%
- −$11.94
- Slippage, 4 orders
- −$0.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $19.87
- Costs to cover
- 0.175%
- Break-even
- 4.2 days
Slippage from Binance: live order book, 15 min ago; Bulk: live order book, 55 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 Binance live order book, 15 min ago | 0.06 bp | 5.1 bp −$5 | 6.2 bp −$62 | 15.1 bp −$1,512 | doesn't fit |
| Sell Bulk live order book, 55 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 7.4 bp −$741 | 16.5 bp −$8,254 |
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 | 801.45 | −0.121% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 802.26 | −0.020% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 801.73 | −0.086% | $3.0M | $29.5M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 801.90 | −0.065% | $158K | $2.8M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 802.32 | −0.012% | $867K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 801.46 | −0.120% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0040% | 8h | 800.85 | −0.196% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0067% | 8h | 801.68 | −0.092% | — | $35.0M | — | as long as short |
| Bybit BNBUSDT | +0.0081% | 8h | 801.30 | −0.140% | $139.6M | $83.0M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 802.17 | −0.032% | $2.8M | $4.2M | 20x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDT
Lighter BNBShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 801.17 | −0.156% | $610K | $1.0M | 50x | as long as short |
| Aster BNBUSDT | +0.0100% | 8h | 802.32 | −0.012% | $6.4M | $19.3M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 801.61 | −0.101% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 801.96 | −0.057% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 801.50 | −0.115% | $54.9M | $117.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 802.10 | −0.040% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 801.55 | −0.108% | $35.8M | $58.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 801.54 | −0.110% | $28.0M | $10.6M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 801.52 | −0.112% | $81.1M | $26.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 802.78 | +0.045% | $4.2M | $77.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 802.46 | +0.005% | $161K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 801.33 | −0.136% | $121K | $880K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 801.48 | −0.117% | $387K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 801.73 | −0.086% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 801.90 | −0.064% | $12K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 801.31 | −0.138% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 802.40 | −0.003% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 801.36 | −0.132% | $1.8M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 801.74 | −0.084% | $385K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0118% | 8h | 802.70 | +0.035% | $83.4M | $13.8M | 200x | as long as short |
| Binance BNBUSDTlong | +0.0119% | 8h | 802.42 | long leg | $504.4M | $829.6M | 75x | |
| Phemex BNBUSDT | +0.0127% | 8h | 802.12 | −0.037% | $70.0M | $51.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0128% | 1h | 801.70 | −0.090% | $394K | $1.0M | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0152% | 1h | 801.23 | −0.149% | $71K | $48K | 12x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 801.68 | −0.092% | $172K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0183% | 1h | 801.39 | −0.128% | $162K | $62K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 801.94 | −0.060% | $1.6M | $165K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 801.50 | −0.114% | $2.6M | $983K | 50x | as long as short |
| BloFin BNB-USDT | +0.0239% | 8h | 802.15 | −0.034% | $18.5M | $2.6M | 75x | as long as short |
| Hyperliquid BNB | +0.0279% | 1h | 802.72 | +0.037% | $51.9M | $22.3M | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.333% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 802.04 | −0.047% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 801.12 | −0.162% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0336% | 1h | 802.55 | +0.016% | $28K | $1K | 10x | as long as short |
| Bulk BNB-USDshort | +0.0354% | 1h | 801.59 | −0.104% | $651K | $21K | 10x | |
| Backpack BNB_USDC_PERP | +0.0665% | 1h | 802.58 | +0.020% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Phemex BNBUSDT
SoDEX BNB-USD
Hibachi BNB/USDT-P
Phoenix BNB
dYdX BNB-USD
Deribit BNB_USDC-PERPETUAL
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Hyperliquid BNB
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP