Funding you earn now, next payment 01:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.008%
Price spread now: Bulk against BloFin+0.130%7-day average +0.011% · 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−$7as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Funding, last 3 days (all we have)+0.136%+$14 on $10k
+Price spread, last 3 days (all we have)−0.114%−$11 · spread now +0.130%, 7d avg +0.011%
=The price spread pays, funding is against you. Bulk is 0.119% dearer against BloFin than usual: you sell high and buy low (spread +0.130% now, against its 7-day average of +0.011%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.1 days. Mind the row above: over the last 3 days funding on this pair paid +0.136%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BNB-USDT | 798.20 | 0.0214 | pay 0.0214% / 8h | 7h 55m | $18.1M | $2.5M | 75x |
| Short | Bulk BNB-USD | 799.24 | 0.0158 | get 0.0020% / 1h | 55m 08s | $649K | $14K | 10x |
BloFin BNB-USDT
Bulk BNB-USDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.7
- Price spread: +0.130% → +0.011%
- $11.89
- Slippage, 4 orders
- −$0.25
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$19.06
- Costs to cover
- 0.193%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Bulk: live order book, 19 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, 4 min ago | 0.06 bp | 6.1 bp −$6 | 8.0 bp −$80 | 15.4 bp −$1,540 | doesn't fit |
| Sell Bulk live order book, 19 min ago | 0.06 bp | 3.6 bp −$4 | 3.8 bp −$38 | 6.6 bp −$660 | 16.5 bp −$8,258 |
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 −0.0201% / S +0.0372% | 1h | 797.64 | −0.070% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 797.62 | −0.072% | $2.5M | $974K | 50x | as long as short |
| Gate BNB_USDT | −0.0108% | 8h | 797.90 | −0.038% | $35.7M | $55.6M | 75x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.40 | +0.025% | $4K | $239 | 25x | as long as short |
| Bybit BNBUSDT | −0.0009% | 8h | 797.72 | −0.060% | $138.5M | $76.9M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.17 | +0.122% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.18 | +0.123% | $864K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 797.70 | −0.062% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0010% | 8h | 798.14 | −0.007% | $4.1M | $5.4M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.863% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Gate BNB_USDT
Hotstuff BNB-PERP
Bybit BNBUSDT
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0046% | 8h | 798.19 | −0.001% | $69.8M | $50.8M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 798.68 | +0.060% | $602K | $985K | 50x | as long as short |
| Aster BNBUSDT | +0.0073% | 8h | 798.14 | −0.007% | $6.2M | $19.3M | 200x | as long as short |
| BingX BNB-USDT | +0.0077% | 8h | 798.02 | −0.023% | — | $35.2M | — | as long as short |
| Binance BNBUSDT | +0.0094% | 8h | 798.26 | +0.008% | $496.6M | $818.2M | 75x | as long as short |
| MEXC BNB_USDT | +0.0094% | 8h | 798.50 | +0.038% | $83.0M | $13.5M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 797.93 | −0.033% | $2.8M | $4.0M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 797.45 | −0.094% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.23 | +0.003% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 797.80 | −0.050% | $54.2M | $112.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.20 | 0.000% | $52K | $133K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 797.56 | −0.080% | $27.9M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 797.71 | −0.061% | $78.7M | $27.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.16 | +0.120% | $4.2M | $76.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.32 | +0.140% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 797.60 | −0.075% | $116K | $872K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 797.67 | −0.066% | $385K | $481K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 797.74 | −0.058% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 798.18 | −0.003% | $12K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 797.90 | −0.038% | $392K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 797.98 | −0.028% | $1.6M | $160K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 797.84 | −0.045% | $8.2M | $8.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 798.74 | +0.067% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 797.25 | −0.119% | $1.8M | $6.6M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.22 | +0.003% | $383K | $129K | 10x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 799.10 | +0.113% | $172K | $36K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0144% | 1h | 798.30 | +0.012% | $70K | $43K | 12x | as long as short |
| Kalshi KXBNBPERP | +0.0153% | 8h | 798.60 | +0.050% | $90K | $2.9M | 4.8x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 797.87 | −0.041% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USDshort | +0.0158% | 1h | 799.24 | +0.130% | $649K | $14K | 10x | |
| 01 Exchange BNBUSD | +0.0208% | 1h | 797.99 | −0.026% | $28K | $1K | 10x | as long as short |
| BloFin BNB-USDTlong | +0.0214% | 8h | 798.20 | long leg | $18.1M | $2.5M | 75x | |
| dYdX BNB-USD | +0.0275% | 1h | 798.21 | +0.001% | $161K | $63K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0302% | 1h | 798.87 | +0.084% | $2.7M | $5.7M | 40x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 797.23 | −0.121% | $6K | $3K | 40x | as long as short |
| Hyperliquid BNB | +0.0353% | 1h | 799.00 | +0.100% | $52.9M | $21.1M | 10x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
BingX BNB-USDT
Binance BNBUSDT
MEXC BNB_USDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Hibachi BNB/USDT-P
Kalshi KXBNBPERP
RISEx BNB/USDC
01 Exchange BNBUSD
dYdX BNB-USD
Backpack BNB_USDC_PERP
Reya BNBRUSDPERP
Hyperliquid BNB