BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0161%/8h= −17.6% APRnext payment −$0.20 per $10,000 · paid last 24h +0.041%

Price spread now: dYdX against Bulk−0.069%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on Bulk Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.143%+$14 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.069%, 7d avg −0.098%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.028% dearer against Bulk than usual: you sell high and buy low (spread −0.069% now, against its 7-day average of −0.098%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 4 days funding on this pair paid +0.143%, 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	Bulk BNB-USD	787.85	0.0222	pay 0.0028% / 1h	2m 51s	$639K	$831	10x
Short	dYdX BNB-USD	787.30	0.0061	get 0.0008% / 1h	2m 51s	$160K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bulk. 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 BulkbpFee dYdXbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$33.77
Price spread: −0.069% → −0.098%: $2.85
Slippage, 4 orders: −$30.01
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$77.93
Costs to cover: 0.470%
Break-even: never at this rate

Slippage from Bulk: live order book, 41 min ago; dYdX: live order book, 41 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 Bulk live order book, 41 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	6.7 bp −$672	16.0 bp −$8,014
Sell dYdX live order book, 41 min ago	11.56 bp	18.7 bp −$19	55.1 bp −$551	88.3 bp −$8,826	265.8 bp −$132.9K

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 −0.0170% / S +0.0337%	1h	786.50	−0.171%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.39	−0.058%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.83	−0.002%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.93	−0.117%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.188%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0048%	8h	786.71	−0.145%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0049%	8h	786.91	−0.119%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0058%	8h	787.60	−0.032%	$81.0M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0058%	8h	786.82	−0.131%	$489.0M	$821.0M	75x	as long as short
dYdX BNB-USDshort	+0.0061%	1h	787.30	−0.069%	$160K	$62K	10x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0074%	8h	787.29	−0.071%	$68.8M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.43	−0.053%	$564K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.77	−0.136%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.90	−0.120%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.94	−0.115%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.30	−0.070%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.20	−0.209%	$138.3M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.00	−0.235%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.20	−0.082%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.30	−0.197%	$37.9M	$59.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.07	−0.226%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.30	−0.197%	$76.7M	$31.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.88	−0.123%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.51	−0.043%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.75	−0.012%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.69	−0.020%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.88	−0.123%	$132K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.65	−0.152%	$265K	$465K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.05	−0.101%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.50	−0.044%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.80	−0.133%	$387K	$977K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.28	−0.072%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.51	−0.043%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.93	−0.244%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.66	−0.151%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0118%	8h	787.80	−0.006%	$171K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.76	−0.011%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0178%	8h	787.12	−0.093%	$17.7M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.56	−0.163%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USDlong	+0.0222%	1h	787.85	long leg	$639K	$831	10x
GRVT BNB_USDT_Perp	+0.0227%	8h	787.98	+0.017%	$2.9M	$28.6M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.51	−0.043%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.06	−0.100%	$1.5M	$145K	25x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.35	−0.190%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.24	−0.077%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0472%	1h	787.28	−0.072%	$67K	$39K	12x	as long as short