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−$22
spread now−0.075%7d average−0.046%fees + slippage, in and out−$19spread needed0.188%
Long on PhemexShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT789.740.0126pay 0.0126% / 8h2h 34m$69.8M$51.8M50x
ShortLighter BNB789.150.0096get 0.0012% / 1h34m 14s$2.7M$2.8M20x

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
−$7.46
Funding while held
−$0.89
Slippage, 4 orders
−$6.79
Fee Phemex: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$27.14
Spread needed to break even
0.188%
Slippage from Phemex: live order book, 6 min ago; Lighter: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0030%
Per $10,000 a day
−$0.89
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, 6 min ago0.57 bp10.4 bp −$1013.5 bp −$13517.2 bp −$1,716doesn't fit
Sell Lighter live order book, 5 min ago0.55 bp0.9 bp −$15.1 bp −$5113.9 bp −$1,39069.2 bp −$34.6K

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Injective768.32cheapestReya788.28+2.598%Extended788.41+2.615%Polymarket Perps788.66+2.647%Bybit788.77+2.662%HTX788.79+2.665%OKX788.90+2.679%Gate788.90+2.679%Nado788.92+2.681%Bitget788.94+2.684%RISEx789.00+2.692%Aevo789.05+2.698%KuCoin789.06+2.699%gTrade (Gains Network)789.08+2.702%Orderly789.09+2.703%Kraken Futures789.09+2.704%GMX789.11+2.706%
Lighter789.15+2.711%
Arcus789.20+2.718%SoDEX789.20+2.718%Derive789.31+2.732%Aster789.39+2.742%BingX789.42+2.746%Paradex789.43+2.748%Deribit789.46+2.752%Pacifica789.48+2.754%Backpack789.49+2.755%Kalshi789.50+2.757%01 Exchange789.53+2.761%Binance789.64+2.774%SunX789.70+2.783%
Phemex789.74+2.788%
Hyperliquid789.82+2.798%dYdX789.88+2.807%Variational Omni789.89+2.807%Hotstuff789.95+2.815%Hibachi789.97+2.818%StandX790.34+2.866%BloFin790.47+2.883%MEXC790.50+2.887%Coinbase International790.51+2.888%ApeX Omni791.05+2.958%Phoenix791.24+2.983%edgeX791.40+3.004%Bulk791.54+3.022%

BNB on 45 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BNB/USDC PERP−2.712%+0.0033%1h$18K$584K30xas long as short
Reya BNBRUSDPERP−0.185%+0.0323%1h$9K—40xas long as short
Extended BNB-USD−0.168%+0.0104%1h$2.0M$5.0M50xas long as short
Polymarket Perps BNB-USD−0.137%+0.0100%1h$124K$164K10xas long as short
Bybit BNBUSDT−0.123%−0.0041%8h$137.2M$76.3M75xas long as short
HTX BNB-USDT−0.120%+0.0100%8h$8.1M$3.1M75xas long as short
OKX BNB-USDT-SWAP−0.106%+0.0100%8h$52.6M$85.9M50xas long as short
Gate BNB_USDT−0.106%+0.0100%8h$35.5M$52.0M75xas long as short
Nado BNB-PERP−0.104%+0.0100%1h$1.4M$2.5M20xas long as short
Bitget BNBUSDT−0.101%+0.0100%8h$75.6M$16.2M75xas long as short
Show all 45 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
RISEx BNB/USDC−0.094%+0.0158%1h$1.2M$1.4M20xas long as short
Aevo BNB-PERP−0.087%+0.0104%1h$379K$36K10xas long as short
KuCoin BNBUSDTM−0.086%+0.0100%8h$28.6M$9.2M75xas long as short
gTrade (Gains Network) BNB/USD−0.083%L +0.0008% / S −0.0008%1h$9.6M—150xas long as short
Orderly PERP_BNB_USDC−0.082%+0.0100%8h$295K$646K50xas long as short
Kraken Futures PF_BNBUSD−0.082%+0.0167%1h$2.5M$643K50xas long as short
GMX BNB/USD [WBTC.b-USDC]−0.080%L +0.0028% / S +0.0176%1h$54K—200xas long as short
Lighter BNBshort−0.075%+0.0096%1h$2.7M$2.8M20x
Arcus BNB-USD−0.068%+0.0100%1h$54K$234K10xas long as short
SoDEX BNB-USD−0.068%+0.0100%1h$389K$1.0M10xas long as short
Derive BNB-PERP−0.055%+0.0100%1h$30K$2K10xas long as short
Aster BNBUSDT−0.044%+0.0077%8h$6.0M$16.6M200xas long as short
BingX BNB-USDC−0.041%−0.0042%8h—$13.1M—as long as short
Paradex BNB-USD-PERP−0.039%+0.0100%8h$78K$821K50xas long as short
Deribit BNB_USDC-PERPETUAL−0.035%+0.0200%1h$1.6M$117K25xas long as short
Pacifica BNB−0.033%+0.0100%1h$1.2M$581K20xas long as short
Backpack BNB_USDC_PERP−0.032%+0.0100%1h$2.1M$921K40xas long as short
Kalshi KXBNBPERP−0.030%0.0000%8h$116K$2.2M4.8xas long as short
01 Exchange BNBUSD−0.027%+0.0256%1h$28K$1K10xas long as short
Binance BNBUSDT−0.013%+0.0078%8h$502.0M$636.8M75xas long as short
SunX BNB-USDT−0.005%+0.0100%8h$13K$1.4M50xas long as short
Phemex BNBUSDTlong0.000%+0.0126%8h$69.8M$51.8M50x
Hyperliquid BNB+0.010%+0.0277%1h$49.8M$18.2M10xas long as short
dYdX BNB-USD+0.018%+0.0787%1h$172K$53K10xas long as short
Variational Omni BNB+0.019%−0.0017%8h$4.3M$6.2M—as long as short
Hotstuff BNB-PERP+0.027%−0.0080%1h$4K$1K25xas long as short
Hibachi BNB/USDT-P+0.030%+0.0168%1h$70K$36K12xas long as short
StandX BNB-USD+0.076%0.0000%1h$855K$3.4M30xas long as short
BloFin BNB-USDT+0.092%+0.0199%8h$18.7M$2.6M75xas long as short
MEXC BNB_USDT+0.096%+0.0079%8h$83.4M$14.2M200xas long as short
Coinbase International BNB-PERP-INTX+0.098%+0.0072%1h$593K$760K50xas long as short
ApeX Omni BNBUSDT+0.166%+0.0100%1h$190K$416K50xas long as short
Phoenix BNB+0.190%+0.0123%1h$169K$87K10xas long as short
edgeX BNBUSDC+0.211%+0.0100%4h$4.1M$60.7M30xas long as short
Bulk BNB-USD+0.228%+0.0271%1h$631K$35K10xas long as short