BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.003%

Price spread now: Phemex against Bitget+0.089%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.095%−$10 · spread now +0.089%, 7d avg +0.108%

Together, before fees−0.155%−$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	786.59	0.0100	pay 0.0100% / 8h	6h 18m	$75.5M	$32.3M	75x
Short	Phemex BNBUSDT	787.29	0.0097	get 0.0097% / 8h	6h 18m	$68.4M	$51.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$0.7
Price spread: +0.089% → +0.108%: −$1.88
Slippage, 4 orders: −$2.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$29.21
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Phemex: live order book, 3 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 Bitget live order book, 3 min ago	0.06 bp	6.3 bp −$6	8.8 bp −$88	13.8 bp −$1,381	doesn't fit
Sell Phemex live order book, 3 min ago	0.38 bp	7.0 bp −$7	7.6 bp −$76	11.8 bp −$1,179	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	786.58	−0.001%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.15	+0.071%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.21	+0.078%	$5.9M	$17.4M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.34	+0.095%	$3.0M	$26.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.00	+0.052%	$158K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.95	+0.046%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.58	−0.001%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0020%	8h	788.30	+0.217%	$83.3M	$12.2M	200x	as long as short
Binance BNBUSDT	+0.0020%	8h	787.32	+0.093%	$481.7M	$779.9M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.352%	$19K	$789K	30x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0035%	1h	786.56	−0.004%	$2.5M	$1.3M	50x	as long as short
Bybit BNBUSDT	+0.0073%	8h	786.60	+0.001%	$138.6M	$68.4M	75x	as long as short
BloFin BNB-USDT	+0.0080%	8h	787.36	+0.098%	$17.6M	$2.2M	75x	as long as short
Phoenix BNB	+0.0094%	1h	787.39	+0.102%	$158K	$45K	10x	as long as short
Lighter BNB	+0.0096%	1h	786.81	+0.028%	$2.7M	$3.4M	20x	as long as short
Phemex BNBUSDTshort	+0.0097%	8h	787.29	+0.089%	$68.4M	$51.2M	50x
Nado BNB-PERP	+0.0100%	1h	786.50	−0.011%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.53	+0.120%	$51.8M	$17.0M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.85	+0.033%	$1.2M	$933K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.80	+0.027%	$53.5M	$104.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.00	+0.052%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.65	+0.008%	$40.7M	$55.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.34	−0.032%	$28.2M	$9.7M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	786.59	long leg	$75.5M	$32.3M	75x
BingX BNB-USDC	+0.0100%	8h	787.17	+0.074%	—	$13.4M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.10	+0.065%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.49	−0.013%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.61	+0.130%	$4.1M	$75.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.82	+0.156%	$159K	$445K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.83	+0.031%	$130K	$911K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.66	+0.009%	$264K	$299K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.34	+0.095%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.80	+0.027%	$387K	$928K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.95	+0.046%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.12	+0.068%	$78K	$337K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.11	−0.061%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.66	+0.009%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	786.42	−0.022%	$544K	$1.9M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.98	+0.050%	$1.5M	$158K	25x	as long as short
Bulk BNB-USD	+0.0212%	1h	787.70	+0.142%	$638K	$0	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.35	+0.097%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0318%	1h	786.32	−0.035%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0345%	1h	787.23	+0.081%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0352%	1h	786.97	+0.048%	$67K	$37K	12x	as long as short
dYdX BNB-USD	+0.0377%	1h	786.57	−0.002%	$158K	$38K	10x	as long as short