data as of
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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−$24
spread now+0.123%7d average−0.043%fees + slippage, in and out−$40spread needed0.401%
Long on PhoenixShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix BNB798.510.0125pay 0.0016% / 1h6m 42s$170K$52K10x
ShortBackpack BNB_USDC_PERP799.490.0257get 0.0032% / 1h6m 42s$2.6M$2.3M40x

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
$12.27
Funding while held
$3.97
Slippage, 4 orders
−$23.06
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$23.82
Spread needed to break even
0.401%
Slippage from Phoenix: live order book, 45 min ago; Backpack: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0132%
Per $10,000 a day
+$3.97
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 Phoenix live order book, 45 min ago1.01 bp12.4 bp −$1250.8 bp −$508doesn't fitdoesn't fit
Sell Backpack live order book, 4 min ago0.06 bp9.6 bp −$1011.2 bp −$112doesn't fitdoesn't fit

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Injective768.32cheapestCoinbase International795.94+3.595%Variational Omni796.48+3.665%Bulk796.72+3.696%ApeX Omni796.82+3.709%Reya798.17+3.885%Hibachi798.19+3.888%Nado798.20+3.889%Hotstuff798.26+3.897%Extended798.31+3.903%dYdX798.38+3.912%StandX798.47+3.924%HTX798.47+3.924%Polymarket Perps798.49+3.927%OKX798.50+3.928%Bitget798.50+3.928%gTrade (Gains Network)798.51+3.929%
Phoenix798.51+3.929%
GMX798.53+3.933%KuCoin798.56+3.936%Bybit798.60+3.941%edgeX798.61+3.942%Gate798.65+3.948%Aevo798.68+3.951%Kraken Futures798.72+3.956%Orderly798.80+3.967%SoDEX798.80+3.967%Pacifica798.81+3.968%RISEx798.83+3.971%BingX798.89+3.979%Arcus798.90+3.980%Paradex798.91+3.982%Derive798.98+3.991%Kalshi799.00+3.993%SunX799.17+4.015%Lighter799.18+4.017%Deribit799.27+4.028%Phemex799.34+4.037%BloFin799.44+4.050%
Backpack799.49+4.057%
Aster799.54+4.064%Binance799.55+4.065%Hyperliquid799.70+4.085%MEXC800.50+4.188%

BNB on 44 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BNB/USDC PERP−3.781%+0.0033%1h$18K$464K30xas long as short
Coinbase International BNB-PERP-INTX−0.322%+0.0072%1h$600K$854K50xas long as short
Variational Omni BNB−0.254%+0.0008%8h$4.4M$6.1M—as long as short
Bulk BNB-USD−0.224%+0.0428%1h$635K$84K10xas long as short
ApeX Omni BNBUSDT−0.212%+0.0100%1h$173K$421K50xas long as short
Reya BNBRUSDPERP−0.042%+0.0325%1h$9K—40xas long as short
Hibachi BNB/USDT-P−0.040%+0.0456%1h$71K$40K12xas long as short
Nado BNB-PERP−0.039%+0.0100%1h$1.5M$2.9M20xas long as short
Hotstuff BNB-PERP−0.031%−0.0080%1h$4K$1K25xas long as short
Extended BNB-USD−0.025%+0.0104%1h$2.0M$5.8M50xas long as short
Show all 44 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX BNB-USD−0.017%+0.0648%1h$173K$54K10xas long as short
StandX BNB-USD−0.005%0.0000%1h$863K$3.4M30xas long as short
HTX BNB-USDT−0.005%+0.0100%8h$8.2M$4.3M75xas long as short
Polymarket Perps BNB-USD−0.003%+0.0100%1h$104K$845K10xas long as short
OKX BNB-USDT-SWAP−0.001%+0.0100%8h$53.7M$102.7M50xas long as short
Bitget BNBUSDT−0.001%+0.0100%8h$76.9M$22.1M75xas long as short
gTrade (Gains Network) BNB/USD0.000%L +0.0008% / S −0.0008%1h$9.7M—150xas long as short
Phoenix BNBlong0.000%+0.0125%1h$170K$52K10x
GMX BNB/USD [WBTC.b-USDC]+0.003%L +0.0029% / S +0.0175%1h$54K—200xas long as short
KuCoin BNBUSDTM+0.006%+0.0100%8h$28.5M$10.0M75xas long as short
Bybit BNBUSDT+0.011%+0.0028%8h$139.5M$84.0M75xas long as short
edgeX BNBUSDC+0.012%+0.0100%4h$4.2M$68.4M30xas long as short
Gate BNB_USDT+0.018%+0.0100%8h$36.3M$55.9M75xas long as short
Aevo BNB-PERP+0.021%+0.0104%1h$384K$37K10xas long as short
Kraken Futures PF_BNBUSD+0.026%+0.0071%1h$2.5M$791K50xas long as short
Orderly PERP_BNB_USDC+0.036%+0.0100%8h$298K$644K50xas long as short
SoDEX BNB-USD+0.036%+0.0175%1h$393K$1.0M10xas long as short
Pacifica BNB+0.038%+0.0100%1h$1.2M$803K20xas long as short
RISEx BNB/USDC+0.040%+0.0132%1h$1.2M$1.5M20xas long as short
BingX BNB-USDT+0.048%+0.0020%8h—$32.9M—as long as short
Arcus BNB-USD+0.049%+0.0100%1h$52K$241K10xas long as short
Paradex BNB-USD-PERP+0.050%+0.0100%8h$78K$717K50xas long as short
Derive BNB-PERP+0.059%+0.0100%1h$32K$5K10xas long as short
Kalshi KXBNBPERP+0.061%0.0000%8h$163K$2.5M4.8xas long as short
SunX BNB-USDT+0.082%+0.0100%8h$13K$1.6M50xas long as short
Lighter BNB+0.084%+0.0096%1h$2.7M$3.1M20xas long as short
Deribit BNB_USDC-PERPETUAL+0.095%+0.0300%1h$1.6M$151K25xas long as short
Phemex BNBUSDT+0.104%+0.0094%8h$70.6M$52.6M50xas long as short
BloFin BNB-USDT+0.116%+0.0216%8h$19.2M$2.8M75xas long as short
Backpack BNB_USDC_PERPshort+0.123%+0.0257%1h$2.6M$2.3M40x
Aster BNBUSDT+0.129%+0.0107%8h$6.1M$18.6M200xas long as short
Binance BNBUSDT+0.130%+0.0097%8h$518.6M$733.2M75xas long as short
Hyperliquid BNB+0.150%+0.0356%1h$50.7M$19.8M10xas long as short
MEXC BNB_USDT+0.249%+0.0094%8h$85.1M$15.3M200xas long as short