BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h +0.009%

Price spread now: Phemex against BingX+0.050%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on BingX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.050%, 7d avg +0.052%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDT	793.51	0.0050	pay 0.0050% / 8h	6h 43m	—	$34.9M	—
Short	Phemex BNBUSDT	793.91	0.0024	get 0.0024% / 8h	6h 43m	$69.4M	$50.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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

Position, each leg$Hold fordaysFee BingXbpFee PhemexbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$5.37
Price spread: +0.050% → +0.052%: −$0.14
Slippage, 4 orders: −$2.23
Fee BingX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$29.74
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Phemex: live order book, 6 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 BingX live order book, 10 min ago	0.25 bp	5.6 bp −$6	6.5 bp −$65	12.0 bp −$1,203	20.9 bp −$10.5K
Sell Phemex live order book, 6 min ago	0.06 bp	6.4 bp −$6	6.7 bp −$67	12.0 bp −$1,203	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 −0.0161% / S +0.0335%	1h	793.04	−0.060%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	793.33	−0.023%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.65	+0.018%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0009%	8h	793.05	−0.058%	$35.4M	$55.4M	75x	as long as short
StandX BNB-USD	0.0000%	1h	793.84	+0.042%	$858K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.25	−0.033%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	792.53	−0.124%	$4.1M	$5.0M	—	as long as short
GRVT BNB_USDT_Perp	+0.0011%	8h	793.23	−0.035%	$3.0M	$28.4M	10x	as long as short
Phemex BNBUSDTshort	+0.0024%	8h	793.91	+0.050%	$69.4M	$50.3M	50x
Aster BNBUSDT	+0.0031%	8h	794.03	+0.066%	$6.1M	$19.9M	200x	as long as short

Show 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	+1.459%	$19K	$789K	30x	as long as short
dYdX BNB-USD	+0.0039%	1h	793.18	−0.041%	$160K	$63K	10x	as long as short
BingX BNB-USDTlong	+0.0050%	8h	793.51	long leg	—	$34.9M	—
Coinbase International BNB-PERP-INTX	+0.0056%	1h	792.52	−0.125%	$608K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0061%	8h	794.10	+0.074%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDT	+0.0061%	8h	793.90	+0.049%	$493.6M	$816.0M	75x	as long as short
Phoenix BNB	+0.0088%	1h	793.02	−0.062%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.36	−0.019%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.19	−0.040%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.25	−0.033%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	793.70	+0.024%	$1.2M	$932K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	793.26	−0.032%	$138.2M	$77.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.20	−0.039%	$53.2M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.50	−0.001%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.10	−0.052%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.21	−0.038%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.14	−0.046%	$4.1M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.32	−0.024%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.25	−0.033%	$111K	$889K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.43	−0.010%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.35	−0.020%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.50	−0.001%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	793.02	−0.062%	$8.1M	$8.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.89	+0.048%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.91	−0.076%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.46	−0.006%	$381K	$110K	10x	as long as short
Hyperliquid BNB	+0.0121%	1h	793.92	+0.052%	$52.6M	$19.9M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.47	−0.005%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0160%	8h	793.40	−0.014%	$110K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0167%	1h	793.21	−0.038%	$644K	$10K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.069%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	793.90	+0.049%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	793.06	−0.057%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0376%	1h	794.24	+0.092%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	793.78	+0.034%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	792.90	−0.077%	$68K	$38K	12x	as long as short