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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.62 per $10,000 · paid last 24h +0.013%
Price spread now: KuCoin against BingX−0.061%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Long on BingXShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 7 days+0.030%+$3 · spread now −0.061%, 7d avg −0.008%
Together, before fees+0.044%+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.054% cheaper against BingX than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.008%). If the spread goes back, that is −$5 on $10k: about 2.9 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.014% in total) that is about 27 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BNB-USDC785.300.0038pay 0.0038% / 8h12m 27s—$13.4M—
ShortKuCoin BNBUSDTM784.820.0100get 0.0100% / 8h12m 27s$27.6M$10.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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
$13.02
Price spread: −0.061% → −0.008%
−$5.36
Slippage, 4 orders
−$12.63
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$26.97
Costs to cover
0.346%
Break-even
21.5 days
Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 6 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, 6 min ago0.19 bp7.1 bp −$79.8 bp −$9819.0 bp −$1,90566.4 bp −$33.2K
Sell KuCoin live order book, 6 min ago0.45 bp10.1 bp −$1023.6 bp −$236doesn'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 −0.0168% / S +0.0337%1h784.52−0.100%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h785.57+0.034%$4K$4225xas long as short
Kraken Futures PF_BNBUSD−0.0050%1h785.05−0.032%$2.5M$1.2M50xas long as short
Kalshi KXBNBPERP0.0000%8h785.70+0.051%$170K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h785.98+0.087%$848K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h785.16−0.018%$9.5M—150xas long as short
Aster BNBUSDT+0.0033%8h785.61+0.039%$6.0M$18.7M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.520%$19K$789K30xas long as short
BingX BNB-USDClong+0.0038%8h785.30long leg—$13.4M—
MEXC BNB_USDT+0.0048%8h786.20+0.115%$80.9M$12.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0049%8h785.65+0.045%$488.4M$814.1M75xas long as short
Phemex BNBUSDT+0.0076%8h785.71+0.052%$68.6M$51.0M50xas long as short
Lighter BNB+0.0096%1h785.24−0.007%$2.7M$3.8M20xas long as short
Phoenix BNB+0.0100%1h785.66+0.046%$158K$35K10xas long as short
Nado BNB-PERP+0.0100%1h785.00−0.038%$1.4M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h785.64+0.043%$51.5M$17.7M10xas long as short
Pacifica BNB+0.0100%1h785.44+0.018%$1.2M$938K20xas long as short
Bybit BNBUSDT+0.0100%8h784.95−0.045%$138.1M$74.0M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h784.90−0.051%$53.4M$111.7M50xas long as short
Arcus BNB-USD+0.0100%1h785.300.000%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h785.05−0.032%$38.3M$58.6M75xas long as short
KuCoin BNBUSDTMshort+0.0100%8h784.82−0.061%$27.6M$10.2M75x
Bitget BNBUSDT+0.0100%8h784.74−0.071%$75.3M$32.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h785.31+0.001%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h784.43−0.111%$4.0M$4.7M—as long as short
edgeX BNBUSDC+0.0100%4h785.04−0.033%$4.1M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h785.13−0.022%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h784.96−0.043%$131K$942K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h785.20−0.013%$264K$388K50xas long as short
Derive BNB-PERP+0.0100%1h785.04−0.033%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h785.82+0.066%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h785.300.000%$386K$963K10xas long as short
HTX BNB-USDT+0.0100%8h785.18−0.015%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h785.57+0.035%$78K$17K50xas long as short
Extended BNB-USD+0.0104%1h784.76−0.069%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h785.29−0.002%$377K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0104%1h785.03−0.034%$545K$1.9M50xas long as short
dYdX BNB-USD+0.0120%1h784.99−0.039%$159K$62K10xas long as short
BloFin BNB-USDT+0.0168%8h785.67+0.047%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h785.59+0.037%$1.5M$141K25xas long as short
GRVT BNB_USDT_Perp+0.0216%8h785.20−0.013%$2.9M$28.2M10xas long as short
Bulk BNB-USD+0.0231%1h784.93−0.047%$636K$83110xas long as short
01 Exchange BNBUSD+0.0248%1h785.68+0.048%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0320%1h784.83−0.060%$6K$3K40xas long as short
RISEx BNB/USDC+0.0350%1h785.41+0.014%$1.1M$902K20xas long as short
Hibachi BNB/USDT-P+0.0448%1h785.00−0.039%$67K$39K12xas long as short