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+0.0090%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h +0.011%
Price spread now: SoDEX against Coinbase International+0.141%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Long on Coinbase InternationalShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.081%+$8 on $10k
Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.141%, 7d avg +0.035%
Together, before fees−0.066%−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.106% dearer against Coinbase International than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International BNB-PERP-INTX789.790.0048pay 0.0006% / 1h30m 49s$617K$1.8M50x
ShortSoDEX BNB-USD790.900.0138get 0.0017% / 1h30m 49s$389K$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$18.91
Price spread: +0.141% → +0.035%
$10.6
Slippage, 4 orders
−$9.61
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$1.9
Costs to cover
0.276%
Break-even
6.3 days
Slippage from Coinbase International: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago1.27 bp9.5 bp −$914.9 bp −$149doesn't fitdoesn't fit
Sell SoDEX live order book, 3 min ago0.63 bp5.2 bp −$58.7 bp −$8778.5 bp −$7,851doesn'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 −0.0167% / S +0.0335%1h790.58+0.100%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h790.79+0.127%$4K$23925xas long as short
StandX BNB-USD0.0000%1h790.72+0.118%$855K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h790.56+0.097%$9.6M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.937%$19K$789K30xas long as short
Aster BNBUSDT+0.0047%8h791.61+0.230%$6.3M$18.7M200xas long as short
Coinbase International BNB-PERP-INTXlong+0.0048%1h789.79long leg$617K$1.8M50x
BingX BNB-USDC+0.0058%8h791.13+0.170%—$13.4M—as long as short
Phemex BNBUSDT+0.0071%8h791.34+0.196%$69.3M$51.1M50xas long as short
MEXC BNB_USDT+0.0075%8h791.90+0.267%$80.5M$12.4M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0075%8h791.54+0.222%$494.9M$803.8M75xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h790.85+0.135%$2.5M$1.2M50xas long as short
Variational Omni BNB+0.0096%8h790.49+0.088%$4.1M$4.6M—as long as short
Lighter BNB+0.0096%1h791.16+0.173%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h790.83+0.132%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h790.75+0.122%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h791.56+0.224%$51.9M$18.1M10xas long as short
Pacifica BNB+0.0100%1h790.69+0.114%$1.2M$908K20xas long as short
Bybit BNBUSDT+0.0100%8h790.83+0.132%$139.1M$77.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h790.90+0.141%$53.6M$112.3M50xas long as short
Arcus BNB-USD+0.0100%1h790.90+0.141%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h790.85+0.134%$35.4M$56.9M75xas long as short
KuCoin BNBUSDTM+0.0100%8h790.81+0.129%$27.8M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h790.64+0.108%$77.0M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h791.12+0.168%$2.2M$6.1M40xas long as short
edgeX BNBUSDC+0.0100%4h790.40+0.077%$4.1M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h790.01+0.028%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h790.67+0.111%$136K$948K10xas long as short
Derive BNB-PERP+0.0100%1h791.00+0.153%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h791.45+0.210%$12K$1.6M50xas long as short
HTX BNB-USDT+0.0100%8h790.21+0.053%$8.1M$9.1M75xas long as short
Paradex BNB-USD-PERP+0.0103%8h791.21+0.180%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h790.68+0.112%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h790.83+0.132%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h790.19+0.051%$170K$35K10xas long as short
SoDEX BNB-USDshort+0.0138%1h790.90+0.141%$389K$1.0M10x
GRVT BNB_USDT_Perp+0.0140%8h790.55+0.096%$2.9M$28.2M10xas long as short
Kalshi KXBNBPERP+0.0193%8h791.20+0.179%$91K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0195%8h791.32+0.194%$18.1M$2.3M75xas long as short
dYdX BNB-USD+0.0232%1h790.32+0.067%$160K$63K10xas long as short
01 Exchange BNBUSD+0.0296%1h791.37+0.200%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0327%1h790.49+0.089%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h791.04+0.158%$1.1M$1.0M20xas long as short
Bulk BNB-USD+0.0383%1h789.790.000%$640K$6K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h791.24+0.184%$1.5M$147K25xas long as short
Hibachi BNB/USDT-P+0.0592%1h790.51+0.091%$68K$38K12xas long as short