BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against Phemex−0.130%46s7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.280% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.130%, 7d avg −0.111%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.111%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.065%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BNBUSDT	801.53	0.0124	pay 0.0124% / 8h	1h 26m	$70.0M	$51.7M	50x
Short	Bitget BNBUSDT	800.49	0.0100	get 0.0100% / 8h	1h 26m	$80.9M	$26.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$4.98
Price spread: −0.130% → −0.111%: −$1.91
Slippage, 4 orders: −$4.04
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.93
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Bitget: 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 Phemex live order book, 3 min ago	0.44 bp	6.9 bp −$7	6.9 bp −$69	11.2 bp −$1,115	doesn't fit
Sell Bitget live order book, 3 min ago	0.06 bp	6.8 bp −$7	9.1 bp −$91	21.8 bp −$2,176	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 −0.0201% / S +0.0372%	1h	800.81	−0.089%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.35	−0.022%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	801.71	+0.023%	$3.0M	$29.6M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	801.50	−0.004%	$158K	$2.9M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	801.64	+0.014%	$866K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.86	−0.083%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0040%	8h	800.85	−0.085%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0065%	8h	800.92	−0.076%	—	$35.0M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	800.50	−0.129%	$139.4M	$83.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.89	−0.080%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	−0.045%	$610K	$1.0M	50x	as long as short
Aster BNBUSDT	+0.0099%	8h	801.43	−0.012%	$6.4M	$19.2M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.67	−0.107%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.95	−0.072%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.70	−0.104%	$54.8M	$117.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.10	−0.054%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.65	−0.110%	$35.7M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.67	−0.107%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	800.49	−0.130%	$80.9M	$26.8M	75x
edgeX BNBUSDC	+0.0100%	4h	801.89	+0.044%	$4.2M	$77.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.93	+0.050%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.77	−0.095%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.82	−0.089%	$387K	$568K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.31	−0.027%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.52	−0.001%	$12K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.00	−0.066%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.25	−0.035%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.15	−0.172%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.21	−0.039%	$385K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	801.80	+0.034%	$83.4M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0119%	8h	801.41	−0.015%	$503.8M	$829.4M	75x	as long as short
SoDEX BNB-USD	+0.0120%	1h	801.20	−0.041%	$394K	$1.0M	10x	as long as short
Phemex BNBUSDTlong	+0.0124%	8h	801.53	long leg	$70.0M	$51.7M	50x
Phoenix BNB	+0.0155%	1h	801.68	+0.019%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	801.15	−0.047%	$71K	$48K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.48	−0.006%	$1.6M	$165K	25x	as long as short
dYdX BNB-USD	+0.0201%	1h	800.59	−0.118%	$161K	$62K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	800.99	−0.068%	$2.6M	$984K	50x	as long as short
BloFin BNB-USDT	+0.0239%	8h	801.70	+0.021%	$18.4M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0289%	1h	801.87	+0.042%	$51.9M	$22.3M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.444%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	800.88	−0.080%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	801.35	−0.022%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	800.46	−0.134%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0354%	1h	801.59	+0.007%	$651K	$21K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0657%	1h	801.81	+0.035%	$2.7M	$5.7M	40x	as long as short