Settings8H · net · $10k
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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.005%
Price spread now: Bulk against BloFin+0.144%97s7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$190.194% of the position
Long on BloFinShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.132%+$13 on $10k
Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.144%, 7d avg +0.015%
Together, before fees+0.005%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bulk is 0.129% dearer against BloFin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BNB-USDT787.440.0187pay 0.0187% / 8h1h 55m$17.7M$2.2M75x
ShortBulk BNB-USD788.570.0339get 0.0042% / 1h55m 26s$639K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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

Funding earned
$31.87
Price spread: +0.144% → +0.015%
$12.89
Slippage, 4 orders
−$0.38
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$25.38
Costs to cover
0.194%
Break-even
1.4 days
Slippage from BloFin: live order book, 4 min ago; Bulk: live order book, 54 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 BloFin live order book, 4 min ago0.13 bp6.1 bp −$67.4 bp −$7411.8 bp −$1,182doesn't fit
Sell Bulk live order book, 54 min ago0.06 bp3.6 bp −$43.7 bp −$379.2 bp −$91621.9 bp −$11.0K

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 −0.0192% / S +0.0356%1h786.51−0.119%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.11+0.085%$4K$4225xas long as short
StandX BNB-USD0.0000%1h787.66+0.028%$849K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.77−0.085%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.241%$19K$789K30xas long as short
Aster BNBUSDT+0.0046%8h787.19−0.032%$6.1M$19.0M200xas long as short
BingX BNB-USDC+0.0054%8h786.93−0.065%—$13.4M—as long as short
MEXC BNB_USDT+0.0067%8h787.60+0.020%$80.9M$11.9M200xas long as short
Binance BNBUSDT+0.0067%8h787.13−0.040%$490.1M$815.8M75xas long as short
Phemex BNBUSDT+0.0070%8h787.22−0.028%$68.9M$51.0M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX BNB-USD+0.0072%1h787.10−0.043%$159K$62K10xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h788.38+0.119%$569K$1.9M50xas long as short
Lighter BNB+0.0096%1h786.91−0.067%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.64−0.102%$265K$471K50xas long as short
Nado BNB-PERP+0.0100%1h786.65−0.100%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h786.98−0.058%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h786.50−0.119%$138.4M$75.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.50−0.119%$53.5M$113.1M50xas long as short
Arcus BNB-USD+0.0100%1h786.90−0.069%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h786.60−0.107%$37.0M$58.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.33−0.141%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h786.35−0.138%$76.1M$31.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.27−0.022%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h786.71−0.092%$4.0M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h787.78+0.043%$4.1M$75.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.16−0.036%$158K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.50−0.119%$131K$949K10xas long as short
Derive BNB-PERP+0.0100%1h786.91−0.067%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.440.000%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.90−0.069%$387K$986K10xas long as short
HTX BNB-USDT+0.0100%8h786.77−0.084%$8.0M$10.1M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h787.15−0.037%$76K$17K50xas long as short
Extended BNB-USD+0.0104%1h786.45−0.126%$1.8M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h786.91−0.068%$378K$110K10xas long as short
Phoenix BNB+0.0107%1h787.80+0.046%$169K$35K10xas long as short
Kalshi KXBNBPERP+0.0137%8h787.40−0.005%$169K$2.7M4.8xas long as short
Hyperliquid BNB+0.0151%1h787.35−0.012%$51.5M$17.7M10xas long as short
BloFin BNB-USDTlong+0.0187%8h787.44long leg$17.7M$2.2M75x
Kraken Futures PF_BNBUSD+0.0206%1h786.67−0.098%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0226%8h787.46+0.003%$2.9M$29.6M10xas long as short
01 Exchange BNBUSD+0.0280%1h787.12−0.041%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h787.28−0.021%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0322%1h786.41−0.131%$6K$3K40xas long as short
Bulk BNB-USDshort+0.0339%1h788.57+0.144%$639K$4K10x
RISEx BNB/USDC+0.0438%1h786.98−0.058%$1.1M$910K20xas long as short
Hibachi BNB/USDT-P+0.0560%1h787.15−0.037%$67K$39K12xas long as short