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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.32 per $10,000 · paid last 24h −0.003%
Price spread now: Paradex against Binance−0.076%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BinanceShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding pays, the price is against you. Paradex is 0.076% cheaper against Binance than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 7.9 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BNBUSDT790.590.0070pay 0.0070% / 8h5h 53m$494.6M$808.8M75x
ShortParadex BNB-USD-PERP789.990.0102get 0.0102% / 8h5h 53m$77K$17K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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
$6.68
Price spread: −0.076% → 0.000%
−$7.56
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$14.88
Costs to cover
0.140%
Break-even
22.6 days
Slippage unknown: Binance: live order book, 6 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 6 min ago0.06 bp5.1 bp −$56.1 bp −$6117.1 bp −$1,710doesn't fit
Sell Paradex no order-book sample—————
Paradex: 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.

BNB on 45 venues

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 −0.0167% / S +0.0335%1h789.57−0.129%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.63−0.248%$4K$23925xas long as short
StandX BNB-USD0.0000%1h789.27−0.167%$853K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h789.71−0.111%$9.6M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.834%$19K$789K30xas long as short
Aster BNBUSDT+0.0037%8h790.51−0.010%$6.2M$18.7M200xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h789.66−0.118%$619K$1.8M50xas long as short
BingX BNB-USDT+0.0054%8h789.92−0.085%—$34.5M—as long as short
Variational Omni BNB+0.0066%8h789.32−0.161%$4.1M$4.8M—as long as short
Phemex BNBUSDT+0.0067%8h790.33−0.033%$69.2M$50.8M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0069%8h790.60+0.001%$80.6M$12.4M200xas long as short
Binance BNBUSDTlong+0.0070%8h790.59long leg$494.6M$808.8M75x
Gate BNB_USDT+0.0080%8h789.90−0.087%$35.4M$56.3M75xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h789.71−0.112%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h789.99−0.076%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h789.77−0.104%$382K$380K50xas long as short
Nado BNB-PERP+0.0100%1h788.90−0.214%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h790.42−0.022%$51.8M$18.4M10xas long as short
Pacifica BNB+0.0100%1h789.34−0.158%$1.2M$909K20xas long as short
Bybit BNBUSDT+0.0100%8h789.90−0.087%$138.8M$77.9M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h790.00−0.075%$53.5M$112.9M50xas long as short
Arcus BNB-USD+0.0100%1h789.50−0.138%$52K$130K10xas long as short
KuCoin BNBUSDTM+0.0100%8h789.58−0.128%$27.7M$10.4M75xas long as short
Bitget BNBUSDT+0.0100%8h789.77−0.104%$77.0M$30.0M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h790.19−0.051%$2.2M$6.1M40xas long as short
edgeX BNBUSDC+0.0100%4h788.90−0.213%$4.1M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.22−0.300%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h789.21−0.175%$137K$945K10xas long as short
Derive BNB-PERP+0.0100%1h789.96−0.080%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h789.87−0.091%$12K$1.6M50xas long as short
HTX BNB-USDT+0.0100%8h789.41−0.150%$8.1M$9.0M75xas long as short
Paradex BNB-USD-PERPshort+0.0102%8h789.99−0.076%$77K$17K50x
Extended BNB-USD+0.0104%1h789.70−0.112%$1.8M$5.9M50xas long as short
GRVT BNB_USDT_Perp+0.0104%8h788.27−0.293%$2.9M$27.9M10xas long as short
Aevo BNB-PERP+0.0104%1h789.93−0.083%$379K$110K10xas long as short
Phoenix BNB+0.0107%1h789.07−0.192%$170K$35K10xas long as short
SoDEX BNB-USD+0.0144%1h789.90−0.087%$388K$1.0M10xas long as short
Kalshi KXBNBPERP+0.0175%8h789.80−0.100%$90K$2.8M4.8xas long as short
dYdX BNB-USD+0.0222%1h788.95−0.208%$160K$64K10xas long as short
01 Exchange BNBUSD+0.0312%1h789.99−0.076%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0328%1h789.05−0.194%$6K$3K40xas long as short
Bulk BNB-USD+0.0340%1h789.39−0.152%$639K$13K10xas long as short
RISEx BNB/USDC+0.0361%1h789.66−0.118%$1.1M$1.1M20xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h790.29−0.038%$1.5M$160K25xas long as short
Hibachi BNB/USDT-P+0.0552%1h789.01−0.200%$67K$39K12xas long as short