BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.65 per $10,000 · paid last 24h +0.047%

Price spread now: BloFin against Bybit+0.088%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Bybit Short on BloFin

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)−0.060%−$6 · spread now +0.088%, 7d avg +0.113%

Together, before fees+0.220%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread +0.088% now, against its 7-day average of +0.113%). If the spread goes back, that is −$3 on $10k: about 32 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.280% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	787.60	0.0100	pay 0.0100% / 8h	3h 24m	$138.6M	$73.8M	75x
Short	BloFin BNB-USDT	788.29	0.0165	get 0.0165% / 8h	3h 24m	$18.0M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.088%Rate

Funding earned: $13.68
Price spread: +0.088% → +0.113%: −$2.57
Slippage, 4 orders: −$4.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$15.95
Costs to cover: 0.271%
Break-even: 15.2 days

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 9 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 Bybit live order book, 4 min ago	0.63 bp	6.1 bp −$6	8.3 bp −$83	21.7 bp −$2,174	155.5 bp −$77.8K
Sell BloFin live order book, 9 min ago	1.01 bp	7.0 bp −$7	8.3 bp −$83	12.3 bp −$1,232	14.8 bp −$7,418

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	787.78	+0.023%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.70	+0.012%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.00	+0.051%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.52	+0.117%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.69	+0.011%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0025%	8h	788.34	+0.094%	$6.1M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.221%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0040%	8h	787.91	+0.039%	—	$22.3M	—	as long as short
Binance BNBUSDT	+0.0044%	8h	788.33	+0.093%	$491.5M	$797.8M	75x	as long as short
MEXC BNB_USDT	+0.0045%	8h	788.70	+0.140%	$80.0M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0047%	8h	788.28	+0.086%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.43	−0.022%	$581K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.22	+0.079%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0094%	1h	787.88	+0.036%	$159K	$64K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.01	+0.053%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.84	+0.030%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.55	−0.006%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.41	+0.103%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.08	+0.061%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDTlong	+0.0100%	8h	787.60	long leg	$138.6M	$73.8M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	787.60	0.000%	$53.5M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.00	+0.051%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.80	+0.025%	$35.9M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.52	−0.010%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.42	−0.023%	$76.2M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.16	+0.071%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.50	−0.012%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.21	+0.078%	$4.1M	$73.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.40	+0.102%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.65	+0.006%	$130K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.89	+0.037%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.38	+0.099%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.00	+0.051%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.04	+0.056%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.19	+0.075%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.43	−0.022%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.76	+0.021%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0110%	8h	788.20	+0.076%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDTshort	+0.0165%	8h	788.29	+0.088%	$18.0M	$2.2M	75x
GRVT BNB_USDT_Perp	+0.0174%	8h	788.73	+0.144%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0219%	1h	788.52	+0.117%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.32	+0.091%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.23	+0.080%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.44	−0.021%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	788.01	+0.052%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.13	+0.068%	$1.1M	$893K	20x	as long as short