BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.008%

Price spread now: Coinbase International against Extended+0.209%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$7as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.209%, 7d avg +0.042%

Together, before fees−0.392%+ Points / potential airdropExtended: Active · farm board−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.167% dearer against Extended than usual: you sell high and buy low (spread +0.209% now, against its 7-day average of +0.042%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BNB-USD	784.59	0.0104	pay 0.0013% / 1h	33m 35s	$1.8M	$6.4M	50x
Short	Coinbase International BNB-PERP-INTX	786.23	0.0080	get 0.0010% / 1h	33m 35s	$576K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.209%Rate

Funding earned: −$5.04
Price spread: +0.209% → +0.042%: $16.72
Slippage, 4 orders: −$8.77
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$12.08
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Coinbase International: live order book, 5 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 Extended live order book, 5 min ago	0.06 bp	2.7 bp −$3	4.1 bp −$41	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.80 bp	8.6 bp −$9	13.7 bp −$137	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 −0.0192% / S +0.0356%	1h	785.09	+0.063%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.37	+0.099%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.58	+0.381%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.13	+0.068%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	785.37	+0.099%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.613%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0041%	8h	785.30	+0.090%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0048%	8h	785.61	+0.130%	$68.7M	$50.7M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	785.80	+0.154%	$79.6M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	785.38	+0.100%	$488.9M	$808.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	785.05	+0.058%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTXshort	+0.0080%	1h	786.23	+0.209%	$576K	$1.9M	50x
Lighter BNB	+0.0096%	1h	784.97	+0.048%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.15	+0.071%	$264K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.40	+0.103%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.35	+0.097%	$51.5M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.06	+0.060%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.80	+0.027%	$137.8M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.80	+0.027%	$53.3M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.30	+0.090%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.80	+0.027%	$36.3M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.49	−0.013%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.58	−0.002%	$75.9M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.75	+0.148%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.03	+0.183%	$4.0M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	+0.212%	$4.1M	$75.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.54	+0.248%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.33	+0.094%	$131K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.24	+0.083%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.06	+0.187%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.20	+0.077%	$386K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.33	+0.094%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.06	+0.060%	$76K	$17K	50x	as long as short
Extended BNB-USDlong	+0.0104%	1h	784.59	long leg	$1.8M	$6.4M	50x
Aevo BNB-PERP	+0.0104%	1h	785.08	+0.062%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.44	+0.236%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0111%	1h	784.98	+0.050%	$159K	$61K	10x	as long as short
Kalshi KXBNBPERP	+0.0142%	8h	786.10	+0.192%	$141K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0173%	8h	787.24	+0.337%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	786.66	+0.264%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	+0.209%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	785.66	+0.136%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.46	+0.111%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	785.26	+0.085%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.30	+0.090%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	786.93	+0.297%	$67K	$39K	12x	as long as short