BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.004%

Price spread now: SunX against Phemex+0.001%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.001%, 7d avg +0.007%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, 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	785.81	0.0081	pay 0.0081% / 8h	36m 31s	$68.6M	$51.5M	50x
Short	SunX BNB-USDT	785.82	0.0100	get 0.0100% / 8h	36m 31s	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.001%Rate

Funding earned: $3.98
Price spread: +0.001% → +0.007%: −$0.66
Slippage, 4 orders: −$39.88
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$56.56
Costs to cover: 0.599%
Break-even: 106.5 days

Slippage from Phemex: live order book, 3 min ago; SunX: live order book, 8 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, 3 min ago	0.57 bp	7.2 bp −$7	7.2 bp −$72	11.5 bp −$1,153	doesn't fit
Sell SunX live order book, 8 min ago	15.07 bp	23.4 bp −$23	30.7 bp −$307	doesn't fit	doesn't fit

BNB on 46 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 −0.0168% / S +0.0337%	1h	785.29	−0.066%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.65	−0.020%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	785.17	−0.082%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	786.17	+0.046%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.30	−0.064%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.454%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0042%	8h	785.43	−0.048%	$6.0M	$18.9M	200x	as long as short
BingX BNB-USDC	+0.0044%	8h	785.09	−0.092%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0053%	8h	785.32	−0.062%	$488.2M	$822.4M	75x	as long as short
MEXC BNB_USDT	+0.0053%	8h	786.20	+0.050%	$80.9M	$11.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0067%	1h	785.74	−0.009%	$159K	$62K	10x	as long as short
Phemex BNBUSDTlong	+0.0081%	8h	785.81	long leg	$68.6M	$51.5M	50x
Lighter BNB	+0.0096%	1h	785.33	−0.061%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	786.10	+0.037%	$168K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.00	−0.103%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.84	+0.004%	$51.4M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.41	−0.051%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.81	−0.127%	$138.1M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.70	−0.141%	$53.4M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.10	−0.090%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.10	−0.090%	$38.3M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.78	−0.131%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.56	−0.159%	$76.0M	$31.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.77	−0.005%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.30	+0.062%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	+0.056%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.94	+0.144%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.24	−0.073%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.33	−0.061%	$264K	$422K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.55	−0.033%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	785.82	+0.001%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	785.50	−0.039%	$386K	$972K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.56	−0.032%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.58	−0.030%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.68	−0.143%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.32	−0.063%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	786.02	+0.027%	$556K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0112%	8h	785.80	−0.001%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0174%	8h	785.82	+0.001%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.71	−0.012%	$1.5M	$145K	25x	as long as short
Bulk BNB-USD	+0.0201%	1h	786.50	+0.088%	$637K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0224%	8h	786.60	+0.101%	$2.9M	$28.6M	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	785.36	−0.057%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	785.05	−0.097%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.19	−0.079%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	785.82	+0.002%	$67K	$39K	12x	as long as short