data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

BNB

all BNB markets
SwapFunding view
Alert
My alerts

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−$169
spread now−0.946%7d average−0.461%fees + slippage, in and out−$121spread needed1.207%
Long on PhemexShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT806.280.0096pay 0.0096% / 8h45m 47s$71.0M$52.3M50x
ShortInjective BNB/USDC PERP798.650.0306get 0.0038% / 1h45m 47s$19K$620K30x

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
−$94.63
Funding while held
$6.28
Slippage, 4 orders
−$108.66
Fee Phemex: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$209.04
Spread needed to break even
1.207%
Slippage from Phemex: live order book, 5 min ago; Injective: live order book, 70 min ago.

Cost of waiting

funding view
Funding /8h
+0.0209%
Per $10,000 a day
+$6.28
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, 5 min ago4.10 bp10.2 bp −$1019.0 bp −$19029.3 bp −$2,934doesn't fit
Sell Injective live order book, 70 min ago49.98 bp50.0 bp −$502691.3 bp −$26.9Kdoesn't fitdoesn't fit

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Injective798.65cheapest
ApeX Omni804.86+0.778%StandX805.06+0.803%edgeX805.26+0.828%Extended805.33+0.836%Bitget805.36+0.840%Variational Omni805.46+0.852%Kraken Futures805.51+0.859%Reya805.54+0.862%Polymarket Perps805.61+0.871%Phoenix805.62+0.873%GMX805.67+0.879%OKX805.70+0.883%Gate805.70+0.883%RISEx805.76+0.890%KuCoin805.76+0.890%HTX805.79+0.894%gTrade (Gains Network)805.79+0.894%SoDEX805.80+0.895%Bybit805.82+0.898%Nado805.85+0.902%Lighter805.86+0.902%BingX805.91+0.909%Aevo805.96+0.915%Hibachi805.98+0.918%Hotstuff806.09+0.932%Arcus806.10+0.933%BloFin806.13+0.937%Deribit806.16+0.941%Paradex806.20+0.945%Derive806.20+0.945%Orderly806.20+0.945%Bulk806.23+0.949%SunX806.24+0.950%01 Exchange806.28+0.955%
Phemex806.28+0.955%
Coinbase International806.30+0.958%Binance806.43+0.974%Aster806.45+0.977%Backpack806.51+0.984%Hyperliquid806.69+1.007%Kalshi806.70+1.008%dYdX806.77+1.016%Pacifica806.91+1.034%MEXC807.30+1.083%

BNB on 45 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BNB/USDC PERPshort−0.946%+0.0306%1h$19K$620K30x
ApeX Omni BNBUSDT−0.176%+0.0320%1h$170K$422K50xas long as short
StandX BNB-USD−0.151%0.0000%1h$871K$3.4M30xas long as short
edgeX BNBUSDC−0.126%+0.0100%4h$4.2M$71.2M30xas long as short
Extended BNB-USD−0.118%+0.0104%1h$1.9M$6.3M50xas long as short
Bitget BNBUSDT−0.114%+0.0100%8h$77.5M$22.9M75xas long as short
Variational Omni BNB−0.102%+0.0029%8h$4.3M$6.3M—as long as short
Kraken Futures PF_BNBUSD−0.096%+0.0586%1h$2.5M$804K50xas long as short
Reya BNBRUSDPERP−0.092%+0.0326%1h$9K—40xas long as short
Polymarket Perps BNB-USD−0.083%+0.0100%1h$105K$854K10xas long as short
Show all 45 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix BNB−0.082%+0.0172%1h$172K$30K10xas long as short
GMX BNB/USD [WBTC.b-USDC]−0.076%L +0.0034% / S +0.0173%1h$54K—200xas long as short
OKX BNB-USDT-SWAP−0.072%+0.0100%8h$55.0M$109.0M50xas long as short
Gate BNB_USDT−0.072%+0.0100%8h$36.5M$56.1M75xas long as short
RISEx BNB/USDC−0.065%+0.0202%1h$1.2M$1.6M20xas long as short
KuCoin BNBUSDTM−0.064%+0.0100%8h$28.2M$10.3M75xas long as short
HTX BNB-USDT−0.061%+0.0100%8h$8.2M$4.8M75xas long as short
gTrade (Gains Network) BNB/USD−0.061%L +0.0008% / S −0.0008%1h$9.8M—150xas long as short
SoDEX BNB-USD−0.060%+0.0253%1h$397K$1.0M10xas long as short
Bybit BNBUSDT−0.057%+0.0054%8h$141.4M$87.1M75xas long as short
Nado BNB-PERP−0.053%+0.0100%1h$1.5M$2.9M20xas long as short
Lighter BNB−0.053%+0.0096%1h$2.6M$3.2M20xas long as short
BingX BNB-USDC−0.046%+0.0034%8h—$13.1M—as long as short
Aevo BNB-PERP−0.040%+0.0104%1h$387K$37K10xas long as short
Hibachi BNB/USDT-P−0.037%+0.0472%1h$71K$45K12xas long as short
Hotstuff BNB-PERP−0.024%−0.0080%1h$4K$1K25xas long as short
Arcus BNB-USD−0.022%+0.0100%1h$52K$238K10xas long as short
BloFin BNB-USDT−0.019%+0.0230%8h$19.2M$2.9M75xas long as short
Deribit BNB_USDC-PERPETUAL−0.014%+0.0200%1h$1.6M$155K25xas long as short
Paradex BNB-USD-PERP−0.010%+0.0100%8h$78K$639K50xas long as short
Derive BNB-PERP−0.010%+0.0100%1h$32K$5K10xas long as short
Orderly PERP_BNB_USDC−0.010%+0.0100%8h$301K$644K50xas long as short
Bulk BNB-USD−0.007%+0.0427%1h$641K$138K10xas long as short
SunX BNB-USDT−0.005%+0.0100%8h$13K$1.7M50xas long as short
01 Exchange BNBUSD0.000%+0.0368%1h$29K$1K10xas long as short
Phemex BNBUSDTlong0.000%+0.0096%8h$71.0M$52.3M50x
Coinbase International BNB-PERP-INTX+0.002%+0.0072%1h$607K$876K50xas long as short
Binance BNBUSDT+0.019%+0.0111%8h$523.1M$766.2M75xas long as short
Aster BNBUSDT+0.021%+0.0125%8h$6.2M$19.3M200xas long as short
Backpack BNB_USDC_PERP+0.029%+0.0568%1h$2.7M$2.4M40xas long as short
Hyperliquid BNB+0.051%+0.0433%1h$51.0M$20.2M10xas long as short
Kalshi KXBNBPERP+0.052%0.0000%8h$166K$2.5M4.8xas long as short
dYdX BNB-USD+0.060%+0.0689%1h$175K$54K10xas long as short
Pacifica BNB+0.078%+0.0100%1h$1.2M$896K20xas long as short
MEXC BNB_USDT+0.127%+0.0110%8h$84.5M$15.6M200xas long as short