BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.56 per $10,000 · paid last 24h −0.013%

Price spread now: BingX against KuCoin+0.015%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

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

costs, in and out, $10k−$340.341% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.016%+$2 · spread now +0.015%, 7d avg +0.008%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	785.16	0.0100	pay 0.0100% / 8h	37m 15s	$27.6M	$10.2M	75x
Short	BingX BNB-USDC	785.28	0.0044	get 0.0044% / 8h	37m 15s	—	$13.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$11.76
Price spread: +0.015% → +0.008%: $0.77
Slippage, 4 orders: −$12.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$45.06
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 1 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 KuCoin live order book, 2 min ago	0.45 bp	10.6 bp −$11	18.8 bp −$188	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	0.25 bp	7.0 bp −$7	9.4 bp −$94	20.2 bp −$2,024	66.9 bp −$33.5K

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 −0.0168% / S +0.0337%	1h	785.29	+0.016%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.91	+0.096%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	785.17	+0.001%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	786.34	+0.150%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.52	+0.046%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.538%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	785.87	+0.090%	$6.0M	$18.9M	200x	as long as short
BingX BNB-USDCshort	+0.0044%	8h	785.28	+0.015%	—	$13.4M	—
Binance BNBUSDT	+0.0054%	8h	785.64	+0.061%	$488.4M	$822.3M	75x	as long as short
MEXC BNB_USDT	+0.0054%	8h	786.50	+0.171%	$80.9M	$11.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0064%	1h	785.74	+0.074%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0081%	8h	785.81	+0.083%	$68.6M	$51.5M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.28	+0.015%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	786.10	+0.120%	$168K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.35	+0.024%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.96	+0.102%	$51.4M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.63	+0.060%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.40	+0.031%	$138.2M	$74.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.10	−0.008%	$53.4M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.70	+0.069%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.35	+0.024%	$38.3M	$57.6M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	785.16	long leg	$27.6M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	785.23	+0.009%	$76.1M	$31.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.90	+0.094%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.30	+0.145%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	+0.139%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.94	+0.227%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.24	+0.010%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.33	+0.022%	$264K	$422K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.74	+0.074%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.82	+0.083%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.50	+0.043%	$386K	$972K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.56	+0.051%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.90	+0.094%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.99	−0.021%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.32	+0.020%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	786.02	+0.110%	$556K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0112%	8h	785.80	+0.082%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0174%	8h	785.82	+0.084%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.71	+0.070%	$1.5M	$145K	25x	as long as short
Bulk BNB-USD	+0.0201%	1h	786.50	+0.171%	$637K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0224%	8h	786.60	+0.184%	$2.9M	$28.6M	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	785.74	+0.074%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	785.05	−0.015%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.79	+0.080%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	785.82	+0.084%	$67K	$39K	12x	as long as short