BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0221%/8h= −24.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.096%

Price spread now: Arcus against dYdX+0.007%7-day average +0.100% · 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−$75as in the Price arb table

costs, in and out, $10k−$660.655% of the position

Long on dYdX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.308%−$31 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.007%, 7d avg +0.100%

Together, before fees−0.219%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Arcus is 0.093% cheaper against dYdX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.100%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	799.94	0.0321	pay 0.0040% / 1h	13m 34s	$161K	$62K	10x
Short	Arcus BNB-USD	800.00	0.0100	get 0.0013% / 1h	13m 34s	$53K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against dYdX. 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 dYdXbpFee ArcusbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$46.34
Price spread: +0.007% → +0.100%: −$9.26
Slippage, 4 orders: −$51.04
Fee dYdX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$121.13
Costs to cover: 0.655%
Break-even: never at this rate

Slippage from dYdX: live order book, 5 min ago; Arcus: live order book, 4 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 dYdX live order book, 5 min ago	14.76 bp	19.8 bp −$20	19.8 bp −$198	24.5 bp −$2,453	132.9 bp −$66.5K
Sell Arcus live order book, 4 min ago	5.61 bp	12.4 bp −$12	24.5 bp −$245	doesn't fit	doesn't fit

BNB on 46 venues

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 −0.0201% / S +0.0372%	1h	800.09	+0.019%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.37	+0.054%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.94	+0.125%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	800.90	+0.120%	$147K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	800.98	+0.130%	$866K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.64	−0.037%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0035%	8h	799.95	+0.001%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0059%	8h	799.62	−0.040%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0068%	8h	799.16	−0.098%	$139.1M	$79.8M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.10	+0.020%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	+0.154%	$610K	$995K	50x	as long as short
Aster BNBUSDT	+0.0096%	8h	800.47	+0.066%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.73	−0.026%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.10	+0.020%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.30	−0.080%	$54.6M	$115.2M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	800.00	+0.007%	$53K	$151K	10x
Gate BNB_USDT	+0.0100%	8h	799.35	−0.074%	$35.7M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.58	−0.045%	$28.0M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.47	−0.059%	$80.8M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.22	+0.160%	$4.2M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.94	+0.125%	$161K	$443K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.53	−0.051%	$121K	$876K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.14	+0.025%	$387K	$527K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.31	+0.047%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.77	+0.104%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.30	+0.045%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.55	+0.077%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.60	+0.082%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.18	−0.095%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.20	+0.033%	$384K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	800.60	+0.083%	$83.2M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.20	+0.032%	$502.6M	$817.1M	75x	as long as short
Phemex BNBUSDT	+0.0119%	8h	800.73	+0.099%	$70.0M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	801.63	+0.211%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0192%	1h	800.13	+0.023%	$71K	$48K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.54	+0.076%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	800.11	+0.021%	$2.6M	$971K	50x	as long as short
BloFin BNB-USDT	+0.0237%	8h	800.50	+0.070%	$18.3M	$2.5M	75x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.644%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0314%	1h	802.70	+0.345%	$652K	$21K	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	799.85	−0.011%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0319%	1h	800.52	+0.073%	$51.8M	$21.9M	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.37	+0.054%	$28K	$1K	10x	as long as short
dYdX BNB-USDlong	+0.0321%	1h	799.94	long leg	$161K	$62K	10x
Reya BNBRUSDPERP	+0.0332%	1h	799.27	−0.084%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0588%	1h	801.02	+0.135%	$2.7M	$5.7M	40x	as long as short