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

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.037%
Price spread now: Extended against BloFin−0.110%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Long on BloFinShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days−0.185%−$19 on $10k
Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.110%, 7d avg −0.140%
Together, before fees−0.116%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.030% dearer against BloFin than usual: you sell high and buy low (spread −0.110% now, against its 7-day average of −0.140%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BNB-USDT788.290.0165pay 0.0165% / 8h3h 24m$18.0M$2.2M75x
ShortExtended BNB-USD787.430.0104get 0.0013% / 1h24m 29s$1.9M$6.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$12.84
Price spread: −0.110% → −0.140%
$3.04
Slippage, 4 orders
−$4.21
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$31.01
Costs to cover
0.212%
Break-even
never at this rate
Slippage from BloFin: live order book, 9 min ago; Extended: live order book, 4 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, 9 min ago1.01 bp7.4 bp −$79.1 bp −$9113.4 bp −$1,342doesn't fit
Sell Extended live order book, 4 min ago0.06 bp3.5 bp −$45.0 bp −$50doesn't fitdoesn'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 −0.0192% / S +0.0356%1h787.78−0.064%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h787.70−0.075%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h788.00−0.037%$4K$4225xas long as short
StandX BNB-USD0.0000%1h788.52+0.029%$850K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.69−0.076%$9.5M—150xas long as short
Aster BNBUSDT+0.0025%8h788.34+0.007%$6.1M$18.7M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.131%$19K$789K30xas long as short
BingX BNB-USDT+0.0040%8h787.91−0.048%—$22.3M—as long as short
Binance BNBUSDT+0.0044%8h788.33+0.005%$491.5M$797.8M75xas long as short
MEXC BNB_USDT+0.0045%8h788.70+0.052%$80.0M$12.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0047%8h788.28−0.001%$69.0M$50.6M50xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h787.43−0.109%$581K$1.9M50xas long as short
Phoenix BNB+0.0092%1h788.22−0.009%$169K$35K10xas long as short
dYdX BNB-USD+0.0094%1h787.88−0.052%$159K$64K10xas long as short
Lighter BNB+0.0096%1h788.01−0.035%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.84−0.057%$265K$492K50xas long as short
Nado BNB-PERP+0.0100%1h787.55−0.094%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h788.41+0.015%$51.7M$17.4M10xas long as short
Pacifica BNB+0.0100%1h788.08−0.026%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.60−0.088%$138.6M$73.8M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.60−0.088%$53.5M$111.5M50xas long as short
Arcus BNB-USD+0.0100%1h788.00−0.037%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h787.80−0.062%$35.9M$57.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.52−0.098%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h787.42−0.110%$76.2M$30.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.16−0.016%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.50−0.100%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h788.21−0.010%$4.1M$73.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.40+0.014%$159K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.65−0.081%$130K$951K10xas long as short
Derive BNB-PERP+0.0100%1h787.89−0.050%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.38+0.012%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h788.00−0.037%$387K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h788.04−0.031%$8.1M$9.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.19−0.013%$77K$17K50xas long as short
Extended BNB-USDshort+0.0104%1h787.43−0.110%$1.9M$6.3M50x
Aevo BNB-PERP+0.0104%1h787.76−0.067%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0110%8h788.20−0.011%$126K$2.7M4.8xas long as short
BloFin BNB-USDTlong+0.0165%8h788.29long leg$18.0M$2.2M75x
GRVT BNB_USDT_Perp+0.0174%8h788.73+0.056%$2.9M$28.7M10xas long as short
Bulk BNB-USD+0.0219%1h788.52+0.029%$639K$9K10xas long as short
01 Exchange BNBUSD+0.0240%1h788.32+0.004%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.23−0.007%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0324%1h787.44−0.108%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0408%1h788.01−0.035%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h788.13−0.020%$1.1M$893K20xas long as short