data as of
Settings8H · net · $10k
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Price arb /

BNB

all BNB markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$38
spread now+0.119%7d average+0.117%fees + slippage, in and out−$39spread needed0.386%
Long on BybitShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BNBUSDT799.200.0079pay 0.0079% / 8h5h 30m$138.4M$92.2M75x
ShortPhoenix BNB800.150.0119get 0.0015% / 1h30m 49s$170K$28K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$11.89
Funding while held
$1.17
Slippage, 4 orders
−$20.62
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$25.55
Spread needed to break even
0.386%
Slippage from Bybit: live order book, 5 min ago; Phoenix: live order book, 65 min ago.

Cost of waiting

funding view
Funding /8h
+0.0039%
Per $10,000 a day
+$1.17
Average in range /8h
—

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 bp6.6 bp −$78.4 bp −$8422.1 bp −$2,215126.1 bp −$63.1K
Sell Phoenix live order book, 65 min ago1.00 bp12.4 bp −$1243.2 bp −$432doesn't fitdoesn't fit

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Injective798.65cheapestBitget799.10+0.056%
Bybit799.20+0.069%
KuCoin799.23+0.073%Extended799.23+0.073%Gate799.35+0.088%OKX799.40+0.094%Reya799.48+0.104%Nado799.56+0.114%StandX799.59+0.118%Polymarket Perps799.74+0.136%ApeX Omni799.75+0.138%BingX799.77+0.140%dYdX799.80+0.144%gTrade (Gains Network)799.80+0.144%Orderly799.82+0.146%GMX799.82+0.147%HTX799.87+0.153%Variational Omni799.88+0.154%Arcus799.90+0.157%SoDEX799.90+0.157%RISEx799.92+0.159%Kraken Futures799.98+0.166%Pacifica800.01+0.170%Derive800.02+0.171%Binance800.05+0.175%Lighter800.10+0.182%Aevo800.12+0.184%Hibachi800.13+0.186%
Phoenix800.15+0.188%
Aster800.16+0.189%Coinbase International800.16+0.189%Bulk800.20+0.194%edgeX800.20+0.194%SunX800.30+0.206%Kalshi800.30+0.207%Hyperliquid800.35+0.213%Hotstuff800.35+0.213%Phemex800.38+0.217%Deribit800.39+0.217%01 Exchange800.43+0.223%BloFin800.45+0.225%Paradex800.60+0.245%MEXC800.70+0.257%Backpack800.78+0.267%

BNB on 45 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BNB/USDC PERP−0.069%+0.0033%1h$19K$387K30xas long as short
Bitget BNBUSDT−0.013%+0.0100%8h$78.2M$25.0M75xas long as short
Bybit BNBUSDTlong0.000%+0.0079%8h$138.4M$92.2M75x
KuCoin BNBUSDTM+0.004%+0.0100%8h$27.9M$10.6M75xas long as short
Extended BNB-USD+0.004%+0.0104%1h$1.8M$6.2M50xas long as short
Gate BNB_USDT+0.019%+0.0100%8h$35.8M$60.7M75xas long as short
OKX BNB-USDT-SWAP+0.025%+0.0100%8h$55.1M$116.6M50xas long as short
Reya BNBRUSDPERP+0.035%+0.0332%1h$9K—40xas long as short
Nado BNB-PERP+0.045%+0.0100%1h$1.5M$2.8M20xas long as short
StandX BNB-USD+0.049%0.0000%1h$865K$3.2M30xas long as short
Show all 45 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps BNB-USD+0.068%+0.0100%1h$119K$882K10xas long as short
ApeX Omni BNBUSDT+0.069%+0.0100%1h$158K$436K50xas long as short
BingX BNB-USDC+0.071%+0.0056%8h—$13.2M—as long as short
dYdX BNB-USD+0.075%+0.0409%1h$173K$51K10xas long as short
gTrade (Gains Network) BNB/USD+0.075%L +0.0008% / S −0.0008%1h$9.7M—150xas long as short
Orderly PERP_BNB_USDC+0.078%+0.0100%8h$386K$695K50xas long as short
GMX BNB/USD [WBTC.b-USDC]+0.078%L −0.0196% / S +0.0371%1h$48K—200xas long as short
HTX BNB-USDT+0.084%+0.0100%8h$8.2M$6.6M75xas long as short
Variational Omni BNB+0.085%+0.0044%8h$4.1M$6.4M—as long as short
Arcus BNB-USD+0.088%+0.0100%1h$52K$220K10xas long as short
SoDEX BNB-USD+0.088%+0.0108%1h$394K$1.0M10xas long as short
RISEx BNB/USDC+0.090%+0.0118%1h$1.1M$1.4M20xas long as short
Kraken Futures PF_BNBUSD+0.097%+0.0041%1h$2.5M$915K50xas long as short
Pacifica BNB+0.101%+0.0100%1h$1.2M$913K20xas long as short
Derive BNB-PERP+0.102%+0.0100%1h$32K$5K10xas long as short
Binance BNBUSDT+0.106%+0.0105%8h$516.4M$806.7M75xas long as short
Lighter BNB+0.113%+0.0096%1h$3.0M$3.9M20xas long as short
Aevo BNB-PERP+0.115%+0.0104%1h$384K$40K10xas long as short
Hibachi BNB/USDT-P+0.117%+0.0256%1h$71K$47K12xas long as short
Phoenix BNBshort+0.119%+0.0119%1h$170K$28K10x
Aster BNBUSDT+0.120%+0.0100%8h$6.3M$18.9M200xas long as short
Coinbase International BNB-PERP-INTX+0.120%+0.0064%1h$601K$922K50xas long as short
Bulk BNB-USD+0.125%+0.0100%1h$650K$83K10xas long as short
edgeX BNBUSDC+0.125%+0.0100%4h$4.2M$77.6M30xas long as short
SunX BNB-USDT+0.138%+0.0100%8h$13K$1.7M50xas long as short
Kalshi KXBNBPERP+0.138%+0.0105%8h$111K$2.9M4.8xas long as short
Hyperliquid BNB+0.144%+0.0285%1h$51.0M$21.5M10xas long as short
Hotstuff BNB-PERP+0.144%−0.0080%1h$4K$1K25xas long as short
Phemex BNBUSDT+0.148%+0.0098%8h$70.1M$51.4M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.149%+0.0400%1h$1.6M$168K25xas long as short
01 Exchange BNBUSD+0.154%+0.0304%1h$28K$1K10xas long as short
BloFin BNB-USDT+0.156%+0.0224%8h$19.0M$3.1M75xas long as short
Paradex BNB-USD-PERP+0.176%+0.0100%8h$78K$19K50xas long as short
MEXC BNB_USDT+0.188%+0.0104%8h$84.1M$16.1M200xas long as short
Backpack BNB_USDC_PERP+0.198%+0.0500%1h$2.8M$5.2M40xas long as short