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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 22:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.007%
Price spread now: SoDEX against Bitget−0.007%7-day average +0.061% · 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−$30as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Long on BitgetShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.017%+$2 on $10k
Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.007%, 7d avg +0.061%
Together, before fees−0.014%−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. SoDEX is 0.068% cheaper against Bitget than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.061%). If the spread goes back, that is −$7 on $10k: about 2.6 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.017% in total) that is about 12 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNBUSDT804.260.0100pay 0.0100% / 8h2h 04m$78.9M$24.8M75x
ShortSoDEX BNB-USD804.200.0189get 0.0024% / 1h4m 06s$396K$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$18.62
Price spread: −0.007% → +0.061%
−$6.8
Slippage, 4 orders
−$3.59
Fee Bitget: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$11.77
Costs to cover
0.236%
Break-even
11.4 days
Slippage from Bitget: live order book, 5 min ago; SoDEX: live order book, 5 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 Bitget live order book, 5 min ago0.06 bp7.1 bp −$710.6 bp −$10619.5 bp −$1,951doesn't fit
Sell SoDEX live order book, 5 min ago0.62 bp4.6 bp −$58.7 bp −$8772.7 bp −$7,274doesn'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 −0.0195% / S +0.0371%1h804.06−0.025%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.48+0.027%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.17+0.114%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.90+0.080%$114K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.15−0.014%$869K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.15−0.013%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h804.16−0.013%$2.5M$928K50xas long as short
Variational Omni BNB+0.0048%8h803.61−0.080%$4.1M$5.3M—as long as short
BingX BNB-USDT+0.0056%8h804.69+0.053%—$34.5M—as long as short
Bybit BNBUSDT+0.0079%8h804.30+0.005%$139.6M$81.7M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h805.15+0.111%$608K$880K50xas long as short
Lighter BNB+0.0096%1h804.36+0.012%$2.8M$4.2M20xas long as short
Aster BNBUSDT+0.0099%8h804.80+0.067%$6.4M$18.8M200xas long as short
Nado BNB-PERP+0.0100%1h803.83−0.054%$1.5M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.32+0.008%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.50+0.030%$55.1M$116.1M50xas long as short
Arcus BNB-USD+0.0100%1h804.60+0.042%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h804.40+0.017%$36.1M$59.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h804.05−0.026%$28.1M$10.5M75xas long as short
Bitget BNBUSDTlong+0.0100%8h804.26long leg$78.9M$24.8M75x
edgeX BNBUSDC+0.0100%4h805.38+0.139%$4.2M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.72+0.057%$159K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.01−0.031%$116K$873K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h804.17−0.011%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h804.38+0.015%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.77+0.064%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h804.66+0.050%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.20−0.008%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.87+0.075%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.74−0.065%$1.9M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h804.39+0.017%$386K$40K10xas long as short
MEXC BNB_USDT+0.0114%8h805.00+0.092%$84.5M$13.7M200xas long as short
Binance BNBUSDT+0.0115%8h805.19+0.116%$520.2M$806.3M75xas long as short
Phoenix BNB+0.0125%1h805.62+0.169%$173K$35K10xas long as short
Phemex BNBUSDT+0.0138%8h804.77+0.063%$70.2M$51.8M50xas long as short
SoDEX BNB-USDshort+0.0189%1h804.20−0.007%$396K$1.0M10x
Hyperliquid BNB+0.0200%1h805.05+0.098%$51.8M$22.0M10xas long as short
RISEx BNB/USDC+0.0209%1h804.40+0.018%$1.1M$1.4M20xas long as short
dYdX BNB-USD+0.0231%1h804.12−0.017%$170K$55K10xas long as short
BloFin BNB-USDT+0.0235%8h804.75+0.061%$18.9M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0256%1h804.23−0.003%$71K$48K12xas long as short
Bulk BNB-USD+0.0258%1h805.37+0.138%$651K$14K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.77−0.060%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h804.99+0.091%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89+0.078%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0655%1h805.48+0.152%$3.0M$5.5M40xas long as short