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Funding arb · Price arb /

BNB

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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.019%
Price spread now: Arcus against BingX−0.098%45s7-day average +0.079% · 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—prices read too far apart to compare
costs, in and out, $10k−$270.274% of the position
Long on BingXShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.088%+$9 on $10k
Price spread, last 4 days (all we have)+0.195%+$19 · spread now −0.098%, 7d avg +0.079%
Together, before fees+0.283%+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Arcus is 0.177% cheaper against BingX than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of +0.079%). If the spread goes back, that is −$18 on $10k: about 9.3 days of funding at the current rate (+$2 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BNB-USDT787.670.0037pay 0.0037% / 8h2h 53m—$22.4M—
ShortArcus BNB-USD786.900.0100get 0.0013% / 1h53m 52s$52K$133K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$13.23
Price spread: −0.098% → +0.079%
−$17.66
Slippage, 4 orders
−$12.87
Fee BingX: 5 bp × 2 orders
−$10
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$31.81
Costs to cover
0.274%
Break-even
23.8 days
Slippage from BingX: live order book, 5 min ago; Arcus: live order book, 59 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 BingX live order book, 5 min ago0.19 bp5.2 bp −$56.2 bp −$6210.9 bp −$1,09129.4 bp −$14.7K
Sell Arcus live order book, 59 min ago3.16 bp8.4 bp −$821.1 bp −$211doesn't fitdoesn't fit

BNB on 46 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 −0.0192% / S +0.0356%1h786.70−0.123%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h787.23−0.056%$4K$4225xas long as short
StandX BNB-USD0.0000%1h787.50−0.022%$849K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.70−0.124%$9.5M—150xas long as short
Aster BNBUSDT+0.0027%8h787.98+0.039%$6.1M$19.1M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.212%$19K$789K30xas long as short
BingX BNB-USDTlong+0.0037%8h787.67long leg—$22.4M—
MEXC BNB_USDT+0.0049%8h788.40+0.093%$79.9M$11.8M200xas long as short
Binance BNBUSDT+0.0049%8h788.14+0.060%$490.6M$805.6M75xas long as short
Phemex BNBUSDT+0.0057%8h787.43−0.030%$68.9M$50.7M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BNBUSD+0.0069%1h786.79−0.112%$2.5M$1.2M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h787.21−0.058%$579K$1.9M50xas long as short
dYdX BNB-USD+0.0091%1h786.25−0.180%$159K$61K10xas long as short
Phoenix BNB+0.0092%1h786.98−0.088%$169K$35K10xas long as short
Lighter BNB+0.0096%1h787.05−0.078%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.87−0.102%$265K$491K50xas long as short
Nado BNB-PERP+0.0100%1h786.65−0.129%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h787.80+0.017%$51.7M$17.4M10xas long as short
Pacifica BNB+0.0100%1h787.06−0.077%$1.2M$934K20xas long as short
Bybit BNBUSDT+0.0100%8h787.50−0.022%$138.3M$74.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.50−0.022%$53.5M$112.0M50xas long as short
Arcus BNB-USDshort+0.0100%1h786.90−0.098%$52K$133K10x
Gate BNB_USDT+0.0100%8h787.35−0.041%$36.2M$57.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.10−0.072%$27.6M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h786.99−0.086%$76.2M$30.7M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.26−0.052%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h786.61−0.134%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h787.21−0.058%$4.1M$74.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.54−0.017%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.67−0.127%$131K$956K10xas long as short
Derive BNB-PERP+0.0100%1h787.00−0.085%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.25−0.053%$12K$1.5M50xas long as short
HTX BNB-USDT+0.0100%8h786.60−0.136%$8.1M$9.8M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h787.14−0.067%$76K$17K50xas long as short
Extended BNB-USD+0.0104%1h787.09−0.074%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h786.97−0.088%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0110%8h787.30−0.047%$122K$2.7M4.8xas long as short
SoDEX BNB-USD+0.0138%1h787.00−0.085%$387K$998K10xas long as short
BloFin BNB-USDT+0.0169%8h787.06−0.077%$17.8M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0192%8h787.74+0.009%$2.9M$29.1M10xas long as short
Bulk BNB-USD+0.0223%1h788.23+0.071%$639K$10K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h787.32−0.045%$1.5M$143K25xas long as short
01 Exchange BNBUSD+0.0320%1h787.33−0.043%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0324%1h786.60−0.135%$6K$3K40xas long as short
RISEx BNB/USDC+0.0432%1h787.11−0.071%$1.1M$908K20xas long as short
Hibachi BNB/USDT-P+0.0448%1h786.79−0.112%$67K$39K12xas long as short