BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.2% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%

Price spread now: Binance against BloFin−0.100%201s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.228% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.226%−$23 on $10k

Price spread, last 3 days (all we have)+0.135%+$13 · spread now −0.100%, 7d avg −0.005%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.095% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 201 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BNB-USDT	794.06	0.0182	pay 0.0182% / 8h	6h 45m	$18.1M	$2.5M	75x
Short	Binance BNBUSDT	793.27	0.0062	get 0.0062% / 8h	6h 45m	$493.5M	$815.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.100%Rate

Funding earned: −$25.28
Price spread: −0.100% → −0.005%: −$9.48
Slippage, 4 orders: −$0.76
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$57.51
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Binance: live order book, 13 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 BloFin live order book, 3 min ago	0.13 bp	6.4 bp −$6	7.8 bp −$78	12.7 bp −$1,267	doesn't fit
Sell Binance live order book, 13 min ago	0.06 bp	5.1 bp −$5	6.3 bp −$63	14.6 bp −$1,455	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 +0.0334%	1h	792.73	−0.167%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.99	−0.135%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.03	−0.130%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0024%	8h	792.55	−0.190%	$35.4M	$55.4M	75x	as long as short
StandX BNB-USD	0.0000%	1h	793.57	−0.062%	$858K	$3.0M	30x	as long as short
GRVT BNB_USDT_Perp	+0.0002%	8h	793.91	−0.019%	$3.0M	$28.4M	10x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.91	−0.145%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	792.53	−0.193%	$4.1M	$5.0M	—	as long as short
Aster BNBUSDT	+0.0033%	8h	793.40	−0.083%	$6.1M	$19.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.389%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0033%	8h	793.54	−0.065%	$69.3M	$50.3M	50x	as long as short
dYdX BNB-USD	+0.0039%	1h	793.14	−0.115%	$160K	$63K	10x	as long as short
BingX BNB-USDT	+0.0050%	8h	792.91	−0.145%	—	$35.0M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	792.52	−0.194%	$608K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.50	−0.071%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDTshort	+0.0062%	8h	793.27	−0.100%	$493.5M	$815.3M	75x
Phoenix BNB	+0.0088%	1h	792.08	−0.249%	$170K	$36K	10x	as long as short
Bybit BNBUSDT	+0.0089%	8h	792.80	−0.159%	$138.1M	$77.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	792.92	−0.144%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	792.95	−0.140%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.75	−0.165%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	793.16	−0.113%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	792.60	−0.184%	$53.2M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.10	−0.121%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	792.81	−0.157%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.84	−0.154%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.89	−0.021%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.99	−0.009%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	792.66	−0.176%	$112K	$887K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.19	−0.110%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.39	−0.085%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.10	−0.121%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.75	−0.165%	$8.1M	$8.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.49	−0.072%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.50	−0.197%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.08	−0.124%	$381K	$110K	10x	as long as short
Hyperliquid BNB	+0.0124%	1h	793.42	−0.081%	$52.6M	$19.8M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.05	−0.127%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0160%	8h	793.40	−0.083%	$112K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0167%	1h	793.21	−0.107%	$644K	$10K	10x	as long as short
BloFin BNB-USDTlong	+0.0182%	8h	794.06	long leg	$18.1M	$2.5M	75x
01 Exchange BNBUSD	+0.0240%	1h	793.55	−0.064%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	792.51	−0.195%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0371%	1h	793.78	−0.035%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	793.57	−0.061%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0472%	1h	793.05	−0.127%	$68K	$38K	12x	as long as short