data as of
Settings8H · net · $10k
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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−$38
spread now−0.085%7d average−0.078%fees + slippage, in and out−$37spread needed0.369%
Long on PhemexShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT797.470.0090pay 0.0090% / 8h1h 38m$70.5M$52.2M50x
ShortKraken Futures PF_BNBUSD796.790.0071get 0.0009% / 1h38m 30s$2.5M$767K50x

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
−$8.51
Funding while held
−$0.57
Slippage, 4 orders
−$14.94
Fee Phemex: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$46.02
Spread needed to break even
0.369%
Slippage from Phemex: live order book, 2 min ago; Kraken Futures: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0019%
Per $10,000 a day
−$0.57
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 ago0.44 bp10.3 bp −$1012.1 bp −$12118.1 bp −$1,815doesn't fit
Sell Kraken Futures live order book, 2 min ago3.40 bp10.0 bp −$1013.9 bp −$13929.9 bp −$2,98973.5 bp −$36.8K

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Injective768.32cheapestBulk793.29+3.250%Variational Omni793.46+3.272%ApeX Omni793.97+3.338%edgeX794.38+3.391%Coinbase International794.51+3.409%Phoenix794.55+3.414%Extended795.60+3.550%Kalshi795.60+3.551%Gate795.85+3.583%Nado795.90+3.590%Reya795.98+3.600%Bitget796.00+3.603%OKX796.10+3.616%Polymarket Perps796.11+3.617%HTX796.24+3.634%KuCoin796.29+3.640%RISEx796.29+3.641%Hotstuff796.32+3.644%Bybit796.40+3.655%gTrade (Gains Network)796.44+3.660%Pacifica796.48+3.665%Arcus796.50+3.668%GMX796.50+3.668%Lighter796.54+3.673%BingX796.55+3.674%Hibachi796.55+3.675%dYdX796.64+3.685%Paradex796.71+3.696%StandX796.78+3.704%
Kraken Futures796.79+3.706%
Aevo796.86+3.715%SoDEX797.00+3.733%Orderly797.01+3.734%Backpack797.08+3.743%Aster797.10+3.746%Derive797.14+3.751%Hyperliquid797.16+3.754%Binance797.24+3.764%Deribit797.31+3.773%
Phemex797.47+3.794%
SunX797.48+3.795%BloFin797.63+3.815%MEXC798.00+3.863%

BNB on 44 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BNB/USDC PERP−3.655%+0.0033%1h$18K$464K30xas long as short
Bulk BNB-USD−0.524%+0.0349%1h$632K$84K10xas long as short
Variational Omni BNB−0.503%−0.0031%8h$4.4M$6.2M—as long as short
ApeX Omni BNBUSDT−0.439%+0.0100%1h$184K$417K50xas long as short
edgeX BNBUSDC−0.388%+0.0100%4h$4.1M$66.7M30xas long as short
Coinbase International BNB-PERP-INTX−0.371%+0.0072%1h$594K$895K50xas long as short
Phoenix BNB−0.366%+0.0125%1h$169K$52K10xas long as short
Extended BNB-USD−0.235%+0.0104%1h$2.0M$5.9M50xas long as short
Kalshi KXBNBPERP−0.234%0.0000%8h$174K$2.5M4.8xas long as short
Gate BNB_USDT−0.203%+0.0100%8h$36.3M$54.0M75xas long as short
Show all 44 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado BNB-PERP−0.197%+0.0100%1h$1.5M$2.8M20xas long as short
Reya BNBRUSDPERP−0.187%+0.0324%1h$9K—40xas long as short
Bitget BNBUSDT−0.184%+0.0100%8h$76.4M$21.2M75xas long as short
OKX BNB-USDT-SWAP−0.172%+0.0100%8h$53.2M$98.0M50xas long as short
Polymarket Perps BNB-USD−0.171%+0.0100%1h$106K$839K10xas long as short
HTX BNB-USDT−0.154%+0.0100%8h$8.1M$4.0M75xas long as short
KuCoin BNBUSDTM−0.148%+0.0100%8h$28.4M$9.8M75xas long as short
RISEx BNB/USDC−0.147%+0.0132%1h$1.2M$1.5M20xas long as short
Hotstuff BNB-PERP−0.144%−0.0080%1h$4K$1K25xas long as short
Bybit BNBUSDT−0.134%−0.0017%8h$139.4M$82.5M75xas long as short
gTrade (Gains Network) BNB/USD−0.129%L +0.0008% / S −0.0008%1h$9.7M—150xas long as short
Pacifica BNB−0.124%+0.0100%1h$1.2M$726K20xas long as short
Arcus BNB-USD−0.122%+0.0100%1h$52K$241K10xas long as short
GMX BNB/USD [WBTC.b-USDC]−0.121%L +0.0029% / S +0.0176%1h$54K—200xas long as short
Lighter BNB−0.117%+0.0096%1h$2.8M$3.0M20xas long as short
BingX BNB-USDC−0.115%−0.0038%8h—$13.1M—as long as short
Hibachi BNB/USDT-P−0.115%+0.0304%1h$71K$40K12xas long as short
dYdX BNB-USD−0.105%+0.0780%1h$173K$54K10xas long as short
Paradex BNB-USD-PERP−0.095%+0.0100%8h$78K$821K50xas long as short
StandX BNB-USD−0.087%0.0000%1h$863K$3.3M30xas long as short
Kraken Futures PF_BNBUSDshort−0.085%+0.0071%1h$2.5M$767K50x
Aevo BNB-PERP−0.077%+0.0104%1h$383K$37K10xas long as short
SoDEX BNB-USD−0.059%+0.0146%1h$392K$1.0M10xas long as short
Orderly PERP_BNB_USDC−0.058%+0.0100%8h$298K$642K50xas long as short
Backpack BNB_USDC_PERP−0.049%+0.0100%1h$2.2M$1.1M40xas long as short
Aster BNBUSDT−0.046%+0.0090%8h$6.1M$18.2M200xas long as short
Derive BNB-PERP−0.041%+0.0100%1h$32K$2K10xas long as short
Hyperliquid BNB−0.039%+0.0324%1h$50.4M$19.2M10xas long as short
Binance BNBUSDT−0.029%+0.0081%8h$518.2M$711.1M75xas long as short
Deribit BNB_USDC-PERPETUAL−0.020%+0.0300%1h$1.6M$143K25xas long as short
Phemex BNBUSDTlong0.000%+0.0090%8h$70.5M$52.2M50x
SunX BNB-USDT+0.001%+0.0100%8h$13K$1.6M50xas long as short
BloFin BNB-USDT+0.020%+0.0200%8h$19.2M$2.8M75xas long as short
MEXC BNB_USDT+0.066%+0.0079%8h$84.1M$14.8M200xas long as short