BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0113%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h +0.020%

Price spread now: Coinbase International against gTrade (Gains Network)−0.025%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$290as in the Price arb table

costs, in and out, $10k−$2882.878% of the position

Long on gTrade (Gains Network)Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.025%, 7d avg −0.004%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.021% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of −0.004%). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.026% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BNB/USD	787.33	L +0.0007% / S −0.0007%	pay 0.0001% / 1h	19m 15s	$9.5M	—	150x
Short	Coinbase International BNB-PERP-INTX	787.14	0.0120	get 0.0015% / 1h	19m 15s	$548K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Coinbase InternationalbpOrdersPrice spread, now −0.025%Rate

Funding earned: $23.63
Price spread: −0.025% → −0.004%: −$2.06
Slippage, 4 orders: −$267.84
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$266.27
Costs to cover: 2.878%
Break-even: 85.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; Coinbase International: 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2253.7 bp −$1.13M
Sell Coinbase International live order book, 4 min ago	3.49 bp	8.8 bp −$9	14.9 bp −$149	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 −0.0166% / S +0.0337%	1h	787.36	+0.004%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.88	+0.069%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.17	−0.020%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.19	+0.108%	$3.0M	$27.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	788.19	+0.109%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USDlong	L +0.0007% / S −0.0007%	1h	787.33	long leg	$9.5M	—	150x
Aster BNBUSDT	+0.0017%	8h	787.86	+0.067%	$6.0M	$17.9M	200x	as long as short
BingX BNB-USDT	+0.0028%	8h	787.63	+0.038%	—	$22.2M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.255%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0035%	8h	789.00	+0.212%	$82.8M	$12.3M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0035%	8h	787.82	+0.062%	$489.1M	$797.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.42	+0.011%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.35	+0.002%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.93	+0.076%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.59	+0.032%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.20	−0.017%	$138.6M	$72.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.017%	$53.5M	$109.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	+0.034%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	+0.015%	$39.7M	$56.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.01	−0.041%	$27.8M	$9.9M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.05	−0.036%	$75.5M	$32.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.84	+0.064%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.84	+0.064%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.90	+0.072%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.71	+0.048%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.23	−0.013%	$132K	$917K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.35	+0.002%	$265K	$357K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.27	−0.390%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.93	+0.076%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.50	+0.021%	$387K	$940K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.47	+0.018%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.81	+0.061%	$78K	$47K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.96	−0.047%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.34	+0.001%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0107%	8h	787.90	+0.072%	$158K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTXshort	+0.0120%	1h	787.14	−0.025%	$548K	$1.9M	50x
Phoenix BNB	+0.0120%	1h	787.62	+0.036%	$158K	$38K	10x	as long as short
Phemex BNBUSDT	+0.0124%	8h	787.99	+0.083%	$68.6M	$51.3M	50x	as long as short
BloFin BNB-USDT	+0.0141%	8h	787.98	+0.082%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.71	+0.048%	$1.5M	$141K	25x	as long as short
dYdX BNB-USD	+0.0200%	1h	787.48	+0.019%	$158K	$63K	10x	as long as short
Bulk BNB-USD	+0.0200%	1h	784.80	−0.322%	$636K	$630	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	787.95	+0.078%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	787.12	−0.027%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	787.79	+0.059%	$1.1M	$886K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	787.80	+0.059%	$67K	$39K	12x	as long as short