BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.36 per $10,000 · paid last 24h +0.002%

Price spread now: MEXC against KuCoin+0.176%7-day average +0.205% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days+0.048%+$5 · spread now +0.176%, 7d avg +0.205%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.029% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.205%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	787.81	0.0100	pay 0.0100% / 8h	1h 26m	$27.7M	$10.2M	75x
Short	MEXC BNB_USDT	789.20	0.0064	get 0.0064% / 8h	1h 26m	$81.2M	$12.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.176%Rate

Funding earned: −$7.56
Price spread: +0.176% → +0.205%: −$2.87
Slippage, 4 orders: −$10.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$36.51
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	0.44 bp	10.4 bp −$10	20.2 bp −$202	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.27 bp	4.6 bp −$5	7.3 bp −$73	20.0 bp −$1,997	35.4 bp −$17.7K

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 −0.0170% / S +0.0337%	1h	787.63	−0.022%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.93	+0.015%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.35	+0.069%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.94	+0.017%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.193%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0051%	8h	788.19	+0.048%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0052%	8h	788.63	+0.104%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDTshort	+0.0064%	8h	789.20	+0.176%	$81.2M	$12.1M	200x
Binance BNBUSDT	+0.0065%	8h	788.59	+0.099%	$491.1M	$817.5M	75x	as long as short
dYdX BNB-USD	+0.0072%	1h	788.07	+0.032%	$160K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0074%	8h	788.60	+0.100%	$68.9M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.065%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.23	+0.053%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.73	−0.010%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.69	+0.112%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.97	+0.020%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.00	+0.024%	$138.7M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.90	+0.011%	$53.6M	$113.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.20	+0.050%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.05	+0.030%	$37.6M	$59.2M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	787.81	long leg	$27.7M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	787.83	+0.003%	$76.3M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.03	+0.028%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.11	−0.215%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.78	−0.003%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.02	+0.027%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.02	+0.027%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.98	+0.022%	$265K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.03	−0.226%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.03	+0.028%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.20	+0.050%	$388K	$982K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.42	+0.078%	$8.1M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.44	+0.080%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.71	−0.013%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.10	+0.037%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0135%	1h	787.67	−0.018%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0137%	8h	788.10	+0.037%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	788.11	+0.038%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.45	+0.081%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	788.04	+0.029%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	787.15	−0.084%	$2.9M	$29.4M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.82	+0.128%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0291%	1h	787.29	−0.066%	$638K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	787.81	0.000%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	788.27	+0.059%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	787.21	−0.076%	$67K	$39K	12x	as long as short