BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.7% APRnext payment +$0.24 per $10,000 · paid last 24h +0.004%

Price spread now: OKX against Phemex−0.094%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.094%, 7d avg −0.092%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.092%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BNBUSDT	787.94	0.0076	pay 0.0076% / 8h	1h 10m	$68.9M	$51.1M	50x
Short	OKX BNB-USDT-SWAP	787.20	0.0100	get 0.0100% / 8h	1h 10m	$53.6M	$113.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee PhemexbpFee OKXbpOrdersPrice spread, now −0.094%Rate

Funding earned: $5.12
Price spread: −0.094% → −0.092%: −$0.23
Slippage, 4 orders: −$2.19
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$19.29
Costs to cover: 0.242%
Break-even: 33.4 days

Slippage from Phemex: live order book, 4 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 4 min ago	0.06 bp	6.2 bp −$6	6.3 bp −$63	11.2 bp −$1,123	doesn't fit
Sell OKX live order book, 4 min ago	0.63 bp	5.6 bp −$6	6.8 bp −$68	20.2 bp −$2,023	doesn't fit

BNB on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0170% / S +0.0337%	1h	787.25	−0.088%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.66	−0.036%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.06	+0.015%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.34	−0.076%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.177%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0050%	8h	787.63	−0.039%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0050%	8h	787.93	−0.001%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0060%	8h	788.40	+0.058%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0060%	8h	787.93	−0.001%	$490.4M	$819.4M	75x	as long as short
dYdX BNB-USD	+0.0066%	1h	787.28	−0.083%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDTlong	+0.0076%	8h	787.94	long leg	$68.9M	$51.1M	50x
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.081%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.63	−0.039%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.35	−0.075%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.93	−0.001%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.78	−0.020%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.20	−0.094%	$138.6M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	787.20	−0.094%	$53.6M	$113.1M	50x
Arcus BNB-USD	+0.0100%	1h	787.60	−0.043%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	−0.062%	$37.8M	$59.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.07	−0.110%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.05	−0.113%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.69	−0.032%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	−0.119%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	−0.016%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.50	−0.056%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.16	−0.099%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.31	−0.080%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.90	−0.005%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.50	−0.056%	$387K	$979K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.55	−0.050%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.08	+0.018%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.04	−0.114%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.40	−0.069%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0118%	8h	787.70	−0.030%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.80	−0.018%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0180%	8h	787.92	−0.003%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.74	−0.025%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.26	−0.086%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0222%	1h	787.85	−0.012%	$639K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0228%	8h	788.10	+0.020%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.90	−0.005%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	787.00	−0.119%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.67	−0.034%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0488%	1h	787.47	−0.060%	$67K	$39K	12x	as long as short