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

BNB

all BNB markets
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.007%
Price spread now: MEXC against Coinbase International+0.030%7-day average +0.188% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$250.249% of the position
Long on Coinbase InternationalShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.053%+$5 on $10k
Price spread, last 3 days (all we have)+0.319%+$32 · spread now +0.030%, 7d avg +0.188%
Together, before fees+0.372%+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.157% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.030% now, against its 7-day average of +0.188%). If the spread goes back, that is −$16 on $10k: about 25 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International BNB-PERP-INTX789.660.0048pay 0.0006% / 1h53m 31s$619K$1.8M50x
ShortMEXC BNB_USDT789.900.0069get 0.0069% / 8h5h 53m$80.5M$12.4M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Coinbase International. 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
$4.41
Price spread: +0.030% → +0.188%
−$15.73
Slippage, 4 orders
−$10.86
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$36.18
Costs to cover
0.249%
Break-even
64.4 days
Slippage from Coinbase International: live order book, 5 min ago; MEXC: live order book, 6 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 Coinbase International live order book, 5 min ago1.65 bp7.7 bp −$812.7 bp −$127doesn't fitdoesn't fit
Sell MEXC live order book, 6 min ago0.63 bp2.6 bp −$34.7 bp −$4714.2 bp −$1,42028.7 bp −$14.3K

BNB on 45 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 −0.0167% / S +0.0335%1h788.93−0.092%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.63−0.130%$4K$23925xas long as short
StandX BNB-USD0.0000%1h789.27−0.049%$853K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h789.12−0.068%$9.6M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.954%$19K$789K30xas long as short
Aster BNBUSDT+0.0037%8h789.62−0.005%$6.2M$18.7M200xas long as short
Coinbase International BNB-PERP-INTXlong+0.0048%1h789.66long leg$619K$1.8M50x
BingX BNB-USDT+0.0054%8h789.33−0.042%—$34.5M—as long as short
Phemex BNBUSDT+0.0066%8h789.75+0.011%$69.1M$50.9M50xas long as short
Variational Omni BNB+0.0066%8h789.32−0.043%$4.1M$4.8M—as long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDTshort+0.0069%8h789.90+0.030%$80.5M$12.4M200x
Binance BNBUSDT+0.0070%8h789.93+0.034%$494.2M$808.6M75xas long as short
Gate BNB_USDT+0.0080%8h789.15−0.065%$35.4M$56.3M75xas long as short
Phoenix BNB+0.0088%1h789.07−0.075%$170K$35K10xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h789.29−0.047%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h789.21−0.057%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h789.33−0.042%$381K$380K50xas long as short
Nado BNB-PERP+0.0100%1h788.90−0.096%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h789.60−0.008%$51.8M$18.4M10xas long as short
Pacifica BNB+0.0100%1h789.34−0.041%$1.2M$909K20xas long as short
Bybit BNBUSDT+0.0100%8h789.20−0.058%$138.7M$77.9M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h789.20−0.058%$53.4M$112.8M50xas long as short
Arcus BNB-USD+0.0100%1h789.50−0.020%$52K$130K10xas long as short
KuCoin BNBUSDTM+0.0100%8h788.96−0.089%$27.8M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h788.96−0.089%$77.0M$30.0M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.51−0.019%$2.2M$6.1M40xas long as short
edgeX BNBUSDC+0.0100%4h788.90−0.096%$4.1M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.22−0.182%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.60−0.134%$137K$945K10xas long as short
Derive BNB-PERP+0.0100%1h789.57−0.011%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.77−0.113%$12K$1.6M50xas long as short
HTX BNB-USDT+0.0100%8h789.35−0.039%$8.1M$9.0M75xas long as short
Paradex BNB-USD-PERP+0.0102%8h789.99+0.042%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h788.91−0.095%$1.8M$5.9M50xas long as short
GRVT BNB_USDT_Perp+0.0104%8h788.27−0.175%$2.9M$27.9M10xas long as short
Aevo BNB-PERP+0.0104%1h789.43−0.029%$379K$110K10xas long as short
SoDEX BNB-USD+0.0142%1h789.50−0.020%$388K$1.0M10xas long as short
Kalshi KXBNBPERP+0.0175%8h788.90−0.096%$90K$2.8M4.8xas long as short
dYdX BNB-USD+0.0222%1h788.95−0.090%$160K$64K10xas long as short
01 Exchange BNBUSD+0.0312%1h789.99+0.042%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0328%1h788.60−0.135%$6K$3K40xas long as short
Bulk BNB-USD+0.0340%1h789.39−0.034%$639K$13K10xas long as short
RISEx BNB/USDC+0.0361%1h789.660.000%$1.1M$1.1M20xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h789.92+0.032%$1.5M$160K25xas long as short
Hibachi BNB/USDT-P+0.0544%1h789.41−0.032%$67K$39K12xas long as short