data as of
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Price arb /

BNB

all BNB markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.006%7d average−0.027%fees + slippage, in and out−$36spread needed0.356%
Long on PhemexShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT793.800.0106pay 0.0106% / 8h1h 43m$70.2M$52.1M50x
ShortDeribit BNB_USDC-PERPETUAL793.760.0300get 0.0037% / 1h43m 04s$1.5M$143K25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$0.56
Funding while held
$5.83
Slippage, 4 orders
−$16.59
Fee Phemex: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$30.31
Spread needed to break even
0.356%
Slippage from Phemex: live order book, 2 min ago; Deribit: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
+0.0194%
Per $10,000 a day
+$5.83
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago0.06 bp11.4 bp −$1114.0 bp −$14016.8 bp −$1,684doesn't fit
Sell Deribit live order book, 2 min ago2.39 bp10.5 bp −$1015.7 bp −$157doesn't fitdoesn't fit

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Injective768.32cheapestVariational Omni792.34+3.126%Extended792.80+3.187%Reya792.88+3.197%Bitget792.95+3.206%Coinbase International792.97+3.208%Nado793.00+3.212%Hibachi793.00+3.213%StandX793.06+3.220%OKX793.10+3.225%Gate793.10+3.225%Polymarket Perps793.10+3.225%gTrade (Gains Network)793.14+3.230%HTX793.14+3.231%GMX793.15+3.232%edgeX793.20+3.238%Bybit793.22+3.241%RISEx793.22+3.241%Kraken Futures793.25+3.244%Bulk793.29+3.250%Aevo793.29+3.250%KuCoin793.30+3.251%dYdX793.38+3.262%Lighter793.40+3.264%SoDEX793.40+3.264%Orderly793.41+3.266%Arcus793.50+3.277%Pacifica793.51+3.278%BingX793.53+3.281%Derive793.57+3.287%ApeX Omni793.60+3.290%Paradex793.73+3.308%
Deribit793.76+3.311%
Backpack793.80+3.316%Kalshi793.80+3.316%
Phemex793.80+3.316%
Hotstuff793.83+3.320%Phoenix793.86+3.324%Aster793.87+3.326%SunX793.89+3.328%Binance793.95+3.336%Hyperliquid794.07+3.351%BloFin794.19+3.367%MEXC795.00+3.473%

BNB on 44 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BNB/USDC PERP−3.210%+0.0033%1h$18K$464K30xas long as short
Variational Omni BNB−0.184%−0.0033%8h$4.3M$6.1M—as long as short
Extended BNB-USD−0.126%+0.0104%1h$2.0M$5.9M50xas long as short
Reya BNBRUSDPERP−0.116%+0.0324%1h$9K—40xas long as short
Bitget BNBUSDT−0.107%+0.0100%8h$76.1M$21.1M75xas long as short
Coinbase International BNB-PERP-INTX−0.105%+0.0072%1h$593K$890K50xas long as short
Nado BNB-PERP−0.101%+0.0100%1h$1.5M$2.8M20xas long as short
Hibachi BNB/USDT-P−0.100%+0.0280%1h$71K$40K12xas long as short
StandX BNB-USD−0.093%0.0000%1h$859K$3.3M30xas long as short
OKX BNB-USDT-SWAP−0.088%+0.0100%8h$52.9M$96.7M50xas long as short
Show all 44 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate BNB_USDT−0.088%+0.0100%8h$36.2M$53.9M75xas long as short
Polymarket Perps BNB-USD−0.088%+0.0100%1h$104K$837K10xas long as short
gTrade (Gains Network) BNB/USD−0.083%L +0.0008% / S −0.0008%1h$9.7M—150xas long as short
HTX BNB-USDT−0.083%+0.0100%8h$8.1M$4.0M75xas long as short
GMX BNB/USD [WBTC.b-USDC]−0.082%L +0.0028% / S +0.0176%1h$54K—200xas long as short
edgeX BNBUSDC−0.075%+0.0100%4h$4.1M$66.8M30xas long as short
Bybit BNBUSDT−0.073%−0.0037%8h$138.7M$82.3M75xas long as short
RISEx BNB/USDC−0.073%+0.0132%1h$1.2M$1.5M20xas long as short
Kraken Futures PF_BNBUSD−0.070%+0.0071%1h$2.5M$731K50xas long as short
Bulk BNB-USD−0.064%+0.0349%1h$632K$84K10xas long as short
Aevo BNB-PERP−0.064%+0.0104%1h$381K$37K10xas long as short
KuCoin BNBUSDTM−0.063%+0.0100%8h$28.3M$9.8M75xas long as short
dYdX BNB-USD−0.052%+0.0795%1h$172K$54K10xas long as short
Lighter BNB−0.050%+0.0096%1h$2.7M$2.7M20xas long as short
SoDEX BNB-USD−0.050%+0.0141%1h$390K$1.0M10xas long as short
Orderly PERP_BNB_USDC−0.049%+0.0100%8h$296K$642K50xas long as short
Arcus BNB-USD−0.038%+0.0100%1h$51K$241K10xas long as short
Pacifica BNB−0.037%+0.0100%1h$1.2M$722K20xas long as short
BingX BNB-USDT−0.034%−0.0044%8h—$32.8M—as long as short
Derive BNB-PERP−0.028%+0.0100%1h$30K$2K10xas long as short
ApeX Omni BNBUSDT−0.025%+0.0100%1h$184K$417K50xas long as short
Paradex BNB-USD-PERP−0.008%+0.0100%8h$77K$821K50xas long as short
Deribit BNB_USDC-PERPETUALshort−0.006%+0.0300%1h$1.5M$143K25x
Backpack BNB_USDC_PERP0.000%+0.0100%1h$2.1M$1.0M40xas long as short
Kalshi KXBNBPERP0.000%0.0000%8h$152K$2.5M4.8xas long as short
Phemex BNBUSDTlong0.000%+0.0106%8h$70.2M$52.1M50x
Hotstuff BNB-PERP+0.004%−0.0080%1h$4K$1K25xas long as short
Phoenix BNB+0.008%+0.0125%1h$169K$52K10xas long as short
Aster BNBUSDT+0.009%+0.0082%8h$6.1M$18.1M200xas long as short
SunX BNB-USDT+0.011%+0.0100%8h$13K$1.6M50xas long as short
Binance BNBUSDT+0.019%+0.0079%8h$515.8M$706.9M75xas long as short
Hyperliquid BNB+0.034%+0.0321%1h$50.1M$19.1M10xas long as short
BloFin BNB-USDT+0.049%+0.0199%8h$19.2M$2.8M75xas long as short
MEXC BNB_USDT+0.151%+0.0078%8h$83.5M$14.7M200xas long as short