BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.59 per $10,000 · paid last 24h +0.009%

Price spread now: OKX against Bybit+0.014%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 7 days−0.005%$0 · spread now +0.014%, 7d avg +0.007%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	786.59	0.0041	pay 0.0041% / 8h	5h 51m	$138.5M	$66.1M	75x
Short	OKX BNB-USDT-SWAP	786.70	0.0100	get 0.0100% / 8h	5h 51m	$53.3M	$101.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $12.29
Price spread: +0.014% → +0.007%: $0.72
Slippage, 4 orders: −$3.78
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$11.77
Costs to cover: 0.248%
Break-even: 13.7 days

Slippage from Bybit: live order book, 6 min ago; OKX: live order book, 6 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, 6 min ago	0.63 bp	6.1 bp −$6	7.9 bp −$79	24.8 bp −$2,484	186.6 bp −$93.3K
Sell OKX live order book, 6 min ago	0.63 bp	5.6 bp −$6	6.7 bp −$67	19.2 bp −$1,918	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	787.06	+0.059%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	786.83	+0.031%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	+0.191%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.53	+0.120%	$5.9M	$17.0M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.73	+0.145%	$2.9M	$26.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.90	+0.167%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.14	+0.197%	$850K	$2.9M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	787.26	+0.085%	$1.5M	$157K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.21	+0.079%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0015%	8h	788.70	+0.268%	$83.3M	$11.7M	200x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0015%	8h	787.53	+0.120%	$481.3M	$764.8M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.352%	$19K	$789K	30x	as long as short
Bybit BNBUSDTlong	+0.0041%	8h	786.59	long leg	$138.5M	$66.1M	75x
BloFin BNB-USDT	+0.0063%	8h	787.99	+0.178%	$18.4M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0093%	8h	787.76	+0.149%	$68.5M	$51.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.08	+0.062%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.63	+0.005%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.59	+0.127%	$51.8M	$16.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.15	+0.071%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	786.70	+0.014%	$53.3M	$101.9M	50x
Arcus BNB-USD	+0.0100%	1h	787.30	+0.090%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.85	+0.033%	$41.2M	$53.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.71	+0.015%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.80	+0.027%	$75.7M	$30.9M	75x	as long as short
BingX BNB-USDT	+0.0100%	8h	787.07	+0.061%	—	$50.1M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.53	+0.120%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.85	+0.033%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.63	+0.132%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.38	+0.100%	$158K	$444K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.92	+0.042%	$130K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.97	+0.048%	$264K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.51	+0.117%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.10	+0.065%	$387K	$926K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.41	+0.104%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.48	+0.113%	$88K	$406K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.51	−0.010%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.80	+0.026%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0120%	1h	787.92	+0.169%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.48	+0.113%	$545K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.49	+0.114%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0282%	1h	788.09	+0.191%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.56	−0.003%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0320%	1h	787.28	+0.087%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.24	+0.082%	$1.1M	$901K	20x	as long as short
dYdX BNB-USD	+0.1100%	1h	787.47	+0.112%	$158K	$34K	10x	as long as short