Settings8H · net · $10k
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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.007%
Price spread now: MEXC against Phemex+0.173%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Long on PhemexShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.041%+$4 on $10k
Price spread, last 4 days (all we have)+0.075%+$8 · spread now +0.173%, 7d avg +0.102%
Together, before fees+0.117%+$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.070% dearer against Phemex than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of +0.102%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 18 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT787.540.0078pay 0.0078% / 8h1h 27m$68.9M$51.0M50x
ShortMEXC BNB_USDT788.900.0065get 0.0065% / 8h1h 27m$81.2M$12.0M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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

Funding earned
−$2.73
Price spread: +0.173% → +0.102%
$7.03
Slippage, 4 orders
−$5.07
Fee Phemex: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$16.77
Costs to cover
0.211%
Break-even
never at this rate
Slippage from Phemex: live order book, 6 min ago; MEXC: live order book, 1 min ago.

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 ago0.13 bp7.0 bp −$78.3 bp −$8311.4 bp −$1,137doesn't fit
Sell MEXC live order book, 1 min ago1.27 bp4.6 bp −$57.3 bp −$7320.0 bp −$1,99735.4 bp −$17.7K

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0170% / S +0.0337%1h786.96−0.073%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h787.42−0.015%$4K$4225xas long as short
StandX BNB-USD0.0000%1h788.31+0.098%$850K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.93−0.078%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.228%$19K$789K30xas long as short
BingX BNB-USDC+0.0051%8h787.46−0.010%—$13.4M—as long as short
Aster BNBUSDT+0.0051%8h788.22+0.086%$6.1M$18.8M200xas long as short
Binance BNBUSDT+0.0065%8h788.17+0.080%$490.8M$817.0M75xas long as short
MEXC BNB_USDTshort+0.0065%8h788.90+0.173%$81.2M$12.0M200x
dYdX BNB-USD+0.0074%1h787.26−0.036%$160K$62K10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDTlong+0.0078%8h787.54long leg$68.9M$51.0M50x
Coinbase International BNB-PERP-INTX+0.0080%1h787.67+0.017%$569K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.77+0.030%$2.7M$3.8M20xas long as short
Nado BNB-PERP+0.0100%1h786.90−0.081%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h788.19+0.083%$51.6M$17.7M10xas long as short
Pacifica BNB+0.0100%1h787.79+0.031%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.50−0.005%$138.6M$75.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.50−0.005%$53.5M$113.2M50xas long as short
Arcus BNB-USD+0.0100%1h787.70+0.020%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h787.40−0.018%$37.5M$59.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.33−0.027%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h787.37−0.022%$76.2M$31.2M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.49−0.006%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h786.11−0.181%$4.0M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h786.82−0.091%$4.1M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h786.63−0.116%$158K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.62−0.117%$131K$951K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.98−0.071%$265K$470K50xas long as short
Derive BNB-PERP+0.0100%1h786.03−0.191%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.59+0.006%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.10−0.056%$387K$982K10xas long as short
HTX BNB-USDT+0.0100%8h787.33−0.027%$8.0M$10.2M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h788.16+0.079%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h787.02−0.066%$1.8M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h787.01−0.067%$378K$110K10xas long as short
Phoenix BNB+0.0135%1h786.26−0.163%$169K$35K10xas long as short
Kalshi KXBNBPERP+0.0138%8h787.40−0.018%$170K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0185%8h787.65+0.014%$17.8M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h787.41−0.016%$1.5M$145K25xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h786.91−0.080%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0229%8h787.15−0.050%$2.9M$29.4M10xas long as short
01 Exchange BNBUSD+0.0248%1h787.31−0.029%$28K$4K10xas long as short
Bulk BNB-USD+0.0291%1h787.29−0.031%$638K$4K10xas long as short
Reya BNBRUSDPERP+0.0322%1h786.91−0.080%$6K$3K40xas long as short
RISEx BNB/USDC+0.0438%1h787.01−0.067%$1.1M$915K20xas long as short
Hibachi BNB/USDT-P+0.0528%1h787.49−0.006%$67K$39K12xas long as short