BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.004%

Price spread now: Phemex against Gate+0.087%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.087%, 7d avg +0.084%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	788.75	0.0069	pay 0.0069% / 8h	5h 59m	$35.4M	$58.3M	75x
Short	Phemex BNBUSDT	789.44	0.0065	get 0.0065% / 8h	5h 59m	$69.1M	$50.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$0.95
Price spread: +0.087% → +0.084%: $0.3
Slippage, 4 orders: −$6.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$34.26
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Phemex: 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 Gate live order book, 4 min ago	0.32 bp	10.0 bp −$10	13.2 bp −$132	28.7 bp −$2,869	57.6 bp −$28.8K
Sell Phemex live order book, 4 min ago	0.57 bp	6.7 bp −$7	6.7 bp −$67	12.0 bp −$1,199	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	788.73	−0.002%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	788.76	+0.001%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.47	+0.091%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.38	+0.207%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.86	+0.014%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.072%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	789.55	+0.102%	$6.2M	$18.9M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	788.98	+0.029%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	789.66	+0.115%	$619K	$1.8M	50x	as long as short
Variational Omni BNB	+0.0062%	8h	789.21	+0.059%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDTshort	+0.0065%	8h	789.44	+0.087%	$69.1M	$50.8M	50x
MEXC BNB_USDT	+0.0067%	8h	789.70	+0.120%	$80.5M	$13.2M	200x	as long as short
Binance BNBUSDT	+0.0068%	8h	789.54	+0.100%	$494.2M	$812.2M	75x	as long as short
Gate BNB_USDTlong	+0.0069%	8h	788.75	long leg	$35.4M	$58.3M	75x
Phoenix BNB	+0.0088%	1h	789.43	+0.086%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	789.11	+0.046%	$2.8M	$4.1M	20x	as long as short
GRVT BNB_USDT_Perp	+0.0098%	8h	790.16	+0.179%	$2.9M	$28.4M	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.86	+0.014%	$381K	$386K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.10	+0.044%	$1.5M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.57	+0.104%	$51.7M	$18.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.37	+0.079%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.90	+0.019%	$138.8M	$79.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.80	+0.006%	$53.3M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.30	+0.070%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.64	−0.014%	$27.8M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.72	−0.004%	$77.2M	$30.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.23	+0.188%	$4.1M	$77.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.07	+0.167%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.86	+0.014%	$137K	$946K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.98	+0.029%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.61	+0.109%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.25	+0.063%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.75	+0.127%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.66	−0.011%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.82	+0.009%	$379K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0118%	1h	789.00	+0.032%	$388K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0121%	1h	788.88	+0.017%	$160K	$64K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	789.33	+0.073%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0178%	8h	789.30	+0.070%	$92K	$2.9M	4.8x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	789.69	+0.119%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	789.80	+0.133%	$640K	$13K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.32	+0.072%	$1.5M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.70	−0.007%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0377%	1h	789.24	+0.062%	$2.2M	$6.1M	40x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	789.88	+0.143%	$67K	$39K	12x	as long as short