BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0121%/8h= −13.3% APRnext payment −$1.21 per $10,000 · paid last 24h −0.036%

Price spread now: MEXC against BloFin+0.038%109s7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$210.206% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now +0.038%, 7d avg +0.086%

Together, before fees−0.003%$0 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 MEXC is 0.048% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.086%). Swap the legs. The two prices were read 109 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	788.60	0.0187	pay 0.0187% / 8h	2h 01m	$17.7M	$2.2M	75x
Short	MEXC BNB_USDT	788.90	0.0066	get 0.0066% / 8h	2h 01m	$81.0M	$12.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$25.45
Price spread: +0.038% → +0.086%: −$4.83
Slippage, 4 orders: −$4.61
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$50.89
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; MEXC: live order book, 3 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, 2 min ago	0.19 bp	6.9 bp −$7	7.3 bp −$73	12.3 bp −$1,231	doesn't fit
Sell MEXC live order book, 3 min ago	1.27 bp	4.3 bp −$4	5.2 bp −$52	16.1 bp −$1,605	32.3 bp −$16.2K

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	787.86	−0.094%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.88	+0.036%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.80	+0.025%	$851K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.86	−0.094%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.091%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0045%	8h	788.47	−0.016%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0050%	8h	788.16	−0.056%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0065%	8h	788.54	−0.008%	$69.0M	$50.9M	50x	as long as short
MEXC BNB_USDTshort	+0.0066%	8h	788.90	+0.038%	$81.0M	$12.1M	200x
Binance BNBUSDT	+0.0067%	8h	788.56	−0.005%	$490.8M	$816.3M	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	787.82	−0.098%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	−0.028%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.19	−0.052%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.04	−0.071%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.90	−0.089%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.70	+0.013%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.15	−0.057%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.92	−0.086%	$138.6M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.00	−0.076%	$53.6M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.20	−0.051%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.05	−0.070%	$36.9M	$59.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.63	−0.123%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.71	−0.113%	$76.3M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.30	−0.038%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.41	−0.024%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.57	−0.004%	$4.1M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.84	+0.030%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.76	−0.107%	$132K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.23	−0.047%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.48	−0.015%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.14	−0.058%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.23	−0.047%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.56	−0.132%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.05	−0.069%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.39	−0.027%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0110%	1h	788.00	−0.076%	$387K	$988K	10x	as long as short
dYdX BNB-USD	+0.0126%	1h	787.75	−0.107%	$160K	$62K	10x	as long as short
Kalshi KXBNBPERP	+0.0145%	8h	788.40	−0.025%	$164K	$2.7M	4.8x	as long as short
BloFin BNB-USDTlong	+0.0187%	8h	788.60	long leg	$17.7M	$2.2M	75x
GRVT BNB_USDT_Perp	+0.0224%	8h	788.73	+0.017%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.35	−0.032%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	788.46	−0.018%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	787.70	−0.114%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0339%	1h	788.57	−0.004%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	788.21	−0.050%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	788.28	−0.040%	$67K	$39K	12x	as long as short