BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.73 per $10,000 · paid last 24h −0.047%

Price spread now: Bybit against BloFin−0.323%102s7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as 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−$260.264% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.280%−$28 on $10k

Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.323%, 7d avg −0.112%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.210% cheaper against BloFin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.112%). Swap the legs. The two prices were read 102 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	787.24	0.0173	pay 0.0173% / 8h	2h 33m	$17.8M	$2.2M	75x
Short	Bybit BNBUSDT	784.70	0.0100	get 0.0100% / 8h	2h 33m	$137.8M	$74.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.323%Rate

Funding earned: −$15.3
Price spread: −0.323% → −0.112%: −$21.02
Slippage, 4 orders: −$3.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$62.69
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Bybit: live order book, 11 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, 6 min ago	0.13 bp	6.2 bp −$6	6.8 bp −$68	12.1 bp −$1,205	doesn't fit
Sell Bybit live order book, 11 min ago	0.64 bp	6.9 bp −$7	9.7 bp −$97	23.9 bp −$2,391	106.3 bp −$53.2K

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 −0.0192% / S +0.0356%	1h	784.71	−0.321%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.37	−0.238%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	786.27	−0.123%	$848K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.80	−0.310%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	785.37	−0.238%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.267%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0041%	8h	785.27	−0.250%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0048%	8h	785.61	−0.207%	$68.7M	$50.7M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	785.70	−0.196%	$79.6M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	785.40	−0.234%	$488.9M	$808.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	785.05	−0.279%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.23	−0.128%	$576K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.97	−0.289%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.15	−0.265%	$264K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.65	−0.329%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.35	−0.240%	$51.5M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.06	−0.277%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDTshort	+0.0100%	8h	784.70	−0.323%	$137.8M	$74.5M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	784.70	−0.323%	$53.3M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.30	−0.246%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.80	−0.310%	$36.3M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.57	−0.339%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.52	−0.346%	$75.9M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.75	−0.189%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.03	−0.154%	$4.0M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.21	−0.004%	$4.1M	$75.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.79	−0.057%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.64	−0.330%	$131K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.24	−0.254%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.06	−0.150%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.20	−0.259%	$386K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.33	−0.242%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.06	−0.277%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.59	−0.336%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.08	−0.275%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	785.73	−0.192%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0111%	1h	784.98	−0.287%	$159K	$61K	10x	as long as short
Kalshi KXBNBPERP	+0.0142%	8h	786.10	−0.145%	$141K	$2.7M	4.8x	as long as short
BloFin BNB-USDTlong	+0.0173%	8h	787.24	long leg	$17.8M	$2.2M	75x
GRVT BNB_USDT_Perp	+0.0205%	8h	786.66	−0.074%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	−0.128%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	785.66	−0.201%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.46	−0.225%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.51	−0.347%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.30	−0.246%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0488%	1h	785.56	−0.214%	$67K	$39K	12x	as long as short