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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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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.

Alert: spread
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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.

Funding you earn now, next payment 03:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.003%
Price spread now: Phemex against Derive+0.029%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Phemex is 0.029% dearer against Derive than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 45 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive BNB-PERP791.620.0100pay 0.0013% / 1h9m 08s$31K$12K10x
ShortPhemex BNBUSDT791.850.0049get 0.0049% / 8h5h 09m$69.4M$50.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Derive. 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
−$10.65
Price spread: +0.029% → 0.000%
$2.88
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$25.77
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Derive: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample—————
Sell Phemex live order book, 5 min ago1.01 bp7.4 bp −$77.4 bp −$7411.2 bp −$1,116doesn't fit
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h791.40−0.027%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h791.63+0.001%$4K$23925xas long as short
StandX BNB-USD0.0000%1h792.95+0.168%$857K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h791.40−0.028%$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.701%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h792.03+0.052%$615K$1.8M50xas long as short
Phemex BNBUSDTshort+0.0049%8h791.85+0.029%$69.4M$50.5M50x
Aster BNBUSDT+0.0050%8h791.80+0.022%$6.2M$18.6M200xas long as short
BingX BNB-USDC+0.0060%8h791.42−0.026%—$13.4M—as long as short
MEXC BNB_USDT+0.0072%8h792.20+0.073%$80.5M$12.5M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0072%8h791.85+0.029%$494.7M$790.5M75xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h791.20−0.054%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h791.64+0.002%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.48−0.018%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h790.95−0.085%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h791.96+0.043%$52.0M$17.5M10xas long as short
Pacifica BNB+0.0100%1h791.40−0.028%$1.2M$914K20xas long as short
Bybit BNBUSDT+0.0100%8h791.20−0.053%$139.2M$76.5M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h791.10−0.066%$53.7M$111.5M50xas long as short
Arcus BNB-USD+0.0100%1h791.40−0.028%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h791.30−0.041%$35.4M$57.3M75xas long as short
KuCoin BNBUSDTM+0.0100%8h791.19−0.055%$27.7M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h791.05−0.072%$77.0M$29.8M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h791.70+0.010%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h791.10−0.066%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h791.85+0.029%$4.1M$74.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h791.88+0.033%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h791.19−0.055%$134K$949K10xas long as short
Derive BNB-PERPlong+0.0100%1h791.62long leg$31K$12K10x
SunX BNB-USDT+0.0100%8h791.97+0.044%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h791.60−0.003%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h791.39−0.029%$8.1M$9.2M75xas long as short
Paradex BNB-USD-PERP+0.0102%8h791.86+0.030%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h791.04−0.073%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.43−0.025%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h791.53−0.012%$170K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0143%8h792.25+0.080%$2.9M$27.9M10xas long as short
Kalshi KXBNBPERP+0.0187%8h791.90+0.035%$82K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0192%8h791.99+0.046%$18.2M$2.2M75xas long as short
dYdX BNB-USD+0.0193%1h791.19−0.054%$160K$63K10xas long as short
01 Exchange BNBUSD+0.0280%1h791.92+0.038%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h791.87+0.031%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0327%1h790.98−0.081%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h791.50−0.015%$1.1M$980K20xas long as short
Bulk BNB-USD+0.0366%1h792.18+0.071%$641K$9K10xas long as short
Hibachi BNB/USDT-P+0.0584%1h792.19+0.071%$68K$38K12xas long as short