BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h −0.007%

Price spread now: Phemex against MEXC−0.065%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

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

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.065%, 7d avg −0.102%

Together, before fees−0.225%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Phemex is 0.038% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	788.70	0.0065	pay 0.0065% / 8h	1h 27m	$81.1M	$12.1M	200x
Short	Phemex BNBUSDT	788.19	0.0075	get 0.0075% / 8h	1h 27m	$68.9M	$51.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against MEXC. 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 MEXCbpFee PhemexbpOrdersPrice spread, now −0.065%Rate

Funding earned: $2.11
Price spread: −0.065% → −0.102%: $3.78
Slippage, 4 orders: −$10.1
Fee MEXC: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$20.22
Costs to cover: 0.261%
Break-even: 74.1 days

Slippage from MEXC: live order book, 2 min ago; Phemex: live order book, 2 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 MEXC live order book, 2 min ago	1.27 bp	3.3 bp −$3	6.5 bp −$65	23.0 bp −$2,300	39.9 bp −$19.9K
Sell Phemex live order book, 2 min ago	1.40 bp	8.1 bp −$8	8.6 bp −$86	12.7 bp −$1,266	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 −0.0170% / S +0.0337%	1h	787.63	−0.135%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.74	−0.122%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.56	−0.145%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.93	−0.225%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.078%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0051%	8h	787.79	−0.115%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0051%	8h	788.25	−0.057%	$6.1M	$18.8M	200x	as long as short
Binance BNBUSDT	+0.0065%	8h	788.10	−0.076%	$490.8M	$817.0M	75x	as long as short
MEXC BNB_USDTlong	+0.0065%	8h	788.70	long leg	$81.1M	$12.1M	200x
dYdX BNB-USD	+0.0074%	1h	787.26	−0.183%	$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 BNBUSDTshort	+0.0075%	8h	788.19	−0.065%	$68.9M	$51.0M	50x
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.178%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.77	−0.118%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.50	−0.152%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.16	−0.068%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.79	−0.116%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.40	−0.165%	$138.6M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.40	−0.165%	$53.6M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.70	−0.127%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.60	−0.139%	$37.5M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.32	−0.175%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.38	−0.167%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.03	−0.085%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.11	−0.328%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.78	−0.116%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.02	−0.086%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.51	−0.151%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.63	−0.136%	$265K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.03	−0.338%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.10	−0.076%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.70	−0.127%	$387K	$982K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.47	−0.157%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.16	−0.068%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.21	−0.189%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.62	−0.137%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0135%	1h	787.67	−0.131%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0138%	8h	787.80	−0.114%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	788.11	−0.075%	$17.7M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.39	−0.167%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	787.15	−0.197%	$2.9M	$29.4M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.12	−0.074%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0291%	1h	787.29	−0.178%	$638K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.07	−0.080%	$1.5M	$145K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.91	−0.227%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.87	−0.106%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	787.21	−0.189%	$67K	$39K	12x	as long as short