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

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.001%
Price spread now: Coinbase International against Bybit+0.287%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Long on BybitShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 3 days (all we have)−0.400%−$40 · spread now +0.287%, 7d avg +0.014%
Together, before fees−0.406%−$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.273% dearer against Bybit than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BNBUSDT797.600.0044pay 0.0044% / 8h24m 32s$138.4M$77.0M75x
ShortCoinbase International BNB-PERP-INTX799.890.0072get 0.0009% / 1h24m 32s$606K$986K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$5.89
Price spread: +0.287% → +0.014%
$27.3
Slippage, 4 orders
−$11.28
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$0.9
Costs to cover
0.323%
Break-even
5.9 days
Slippage from Bybit: live order book, 5 min ago; Coinbase International: live order book, 54 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 Bybit live order book, 5 min ago0.63 bp6.1 bp −$68.2 bp −$8222.2 bp −$2,219137.2 bp −$68.6K
Sell Coinbase International live order book, 54 min ago3.62 bp10.0 bp −$1014.6 bp −$146doesn'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 −0.0201% / S +0.0372%1h798.20+0.075%$47K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h798.26+0.083%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h798.34+0.092%$2.5M$972K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.10+0.188%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.15+0.194%$864K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.20+0.075%$9.7M—150xas long as short
Variational Omni BNB+0.0013%8h798.06+0.057%$4.1M$5.4M—as long as short
BingX BNB-USDT+0.0038%8h798.06+0.058%—$34.8M—as long as short
Bybit BNBUSDTlong+0.0044%8h797.60long leg$138.4M$77.0M75x
Coinbase International BNB-PERP-INTXshort+0.0072%1h799.89+0.287%$606K$986K50x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0090%8h798.50+0.112%$6.3M$18.9M200xas long as short
Lighter BNB+0.0096%1h798.49+0.112%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h797.65+0.006%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.24+0.080%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.70+0.013%$54.3M$112.7M50xas long as short
Arcus BNB-USD+0.0100%1h798.20+0.075%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h797.80+0.025%$35.7M$58.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h798.03+0.054%$27.9M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h797.52−0.010%$78.9M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h799.89+0.287%$4.2M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h800.17+0.322%$161K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h797.76+0.020%$116K$875K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.23+0.079%$386K$497K50xas long as short
Derive BNB-PERP+0.0100%1h798.43+0.105%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.92+0.165%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.50+0.113%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h798.52+0.115%$8.2M$8.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.44+0.105%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h797.44−0.021%$1.8M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h798.54+0.118%$384K$40K10xas long as short
Phemex BNBUSDT+0.0111%8h798.93+0.167%$69.8M$50.5M50xas long as short
Binance BNBUSDT+0.0112%8h798.45+0.107%$498.6M$817.2M75xas long as short
MEXC BNB_USDT+0.0112%8h799.40+0.226%$83.0M$13.5M200xas long as short
Kalshi KXBNBPERP+0.0122%8h798.90+0.163%$108K$2.9M4.8xas long as short
Phoenix BNB+0.0127%1h800.12+0.316%$172K$36K10xas long as short
Hibachi BNB/USDT-P+0.0176%1h798.45+0.106%$70K$43K12xas long as short
Hyperliquid BNB+0.0191%1h798.74+0.143%$52.1M$21.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h798.69+0.137%$1.6M$165K25xas long as short
BloFin BNB-USDT+0.0232%8h798.94+0.168%$18.2M$2.5M75xas long as short
Bulk BNB-USD+0.0239%1h800.03+0.305%$650K$19K10xas long as short
RISEx BNB/USDC+0.0258%1h798.08+0.061%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0296%1h798.48+0.110%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.939%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0331%1h797.53−0.009%$6K$3K40xas long as short
dYdX BNB-USD+0.0382%1h798.50+0.113%$161K$62K10xas long as short
Backpack BNB_USDC_PERP+0.0399%1h799.14+0.193%$2.7M$5.7M40xas long as short