After costs, if the gap returns to its 7d average, $10k−$301
spread now−0.147%7d average−0.090%fees + slippage, in and out−$295spread needed2.949%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix BNB | 797.01 | 0.0130 | pay 0.0016% / 1h | 13m 18s | $169K | $30K | 10x |
| Short | gTrade (Gains Network) BNB/USD | 795.84 | L +0.0008% / S −0.0008% | get 0.0001% / 1h | 13m 18s | $9.7M | — | 150x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$14.68
- Funding while held
- −$3.68
- Slippage, 4 orders
- −$277.89
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$313.24
- Spread needed to break even
- 2.949%
Slippage from Phoenix: live order book, 23 min ago; gTrade (Gains Network): virtual book (oracle venue), 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0123%
- Per $10,000 a day
- −$3.68
- Average in range /8h
- —
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 Phoenix live order book, 23 min ago | 1.00 bp | 12.4 bp −$12 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 484.2 bp −$48.4K | 3301.4 bp −$1.65M |
BNB price on every exchange
against the cheapest. Click to use as the short leg.BNB on 45 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit BNBUSDT | −0.215% | −0.0027% | 8h | $138.2M | $91.8M | 75x | as long as short |
| Bitget BNBUSDT | −0.213% | +0.0100% | 8h | $77.6M | $25.2M | 75x | as long as short |
| Reya BNBRUSDPERP | −0.199% | +0.0331% | 1h | $9K | — | 40x | as long as short |
| KuCoin BNBUSDTM | −0.192% | +0.0100% | 8h | $27.8M | $10.6M | 75x | as long as short |
| OKX BNB-USDT-SWAP | −0.189% | +0.0100% | 8h | $54.6M | $115.8M | 50x | as long as short |
| Gate BNB_USDT | −0.189% | +0.0100% | 8h | $36.1M | $61.1M | 75x | as long as short |
| Nado BNB-PERP | −0.183% | +0.0100% | 1h | $1.5M | $2.8M | 20x | as long as short |
| Extended BNB-USD | −0.181% | +0.0104% | 1h | $1.8M | $6.5M | 50x | as long as short |
| HTX BNB-USDT | −0.169% | +0.0100% | 8h | $8.1M | $6.4M | 75x | as long as short |
| BingX BNB-USDT | −0.163% | −0.0025% | 8h | — | $33.1M | — | as long as short |
Show all 45 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BNB/USDshort | −0.147% | L +0.0008% / S −0.0008% | 1h | $9.7M | — | 150x | |
| Kraken Futures PF_BNBUSD | −0.146% | −0.0072% | 1h | $2.5M | $889K | 50x | as long as short |
| Polymarket Perps BNB-USD | −0.144% | +0.0100% | 1h | $123K | $881K | 10x | as long as short |
| GMX BNB/USD [WBTC.b-USDC] | −0.144% | L −0.0192% / S +0.0367% | 1h | $48K | — | 200x | as long as short |
| SoDEX BNB-USD | −0.127% | +0.0100% | 1h | $391K | $1.0M | 10x | as long as short |
| dYdX BNB-USD | −0.126% | +0.0259% | 1h | $172K | $50K | 10x | as long as short |
| Derive BNB-PERP | −0.120% | +0.0100% | 1h | $32K | $5K | 10x | as long as short |
| Lighter BNB | −0.120% | +0.0096% | 1h | $2.6M | $3.4M | 20x | as long as short |
| Pacifica BNB | −0.117% | +0.0100% | 1h | $1.2M | $912K | 20x | as long as short |
| Arcus BNB-USD | −0.114% | +0.0100% | 1h | $52K | $239K | 10x | as long as short |
| Backpack BNB_USDC_PERP | −0.113% | +0.0100% | 1h | $2.1M | $4.7M | 40x | as long as short |
| Variational Omni BNB | −0.112% | +0.0023% | 8h | $4.1M | $6.4M | — | as long as short |
| Orderly PERP_BNB_USDC | −0.110% | +0.0100% | 8h | $321K | $633K | 50x | as long as short |
| Aevo BNB-PERP | −0.108% | +0.0104% | 1h | $382K | $40K | 10x | as long as short |
| Binance BNBUSDT | −0.105% | +0.0102% | 8h | $513.2M | $809.1M | 75x | as long as short |
| RISEx BNB/USDC | −0.100% | +0.0119% | 1h | $1.1M | $1.5M | 20x | as long as short |
| SunX BNB-USDT | −0.099% | +0.0100% | 8h | $13K | $1.7M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | −0.092% | +0.0056% | 1h | $595K | $925K | 50x | as long as short |
| Aster BNBUSDT | −0.089% | +0.0095% | 8h | $6.3M | $19.0M | 200x | as long as short |
| BloFin BNB-USDT | −0.087% | +0.0222% | 8h | $19.0M | $3.0M | 75x | as long as short |
| Phemex BNBUSDT | −0.080% | +0.0115% | 8h | $69.8M | $51.8M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | −0.077% | +0.0300% | 1h | $1.6M | $168K | 25x | as long as short |
| Hyperliquid BNB | −0.066% | +0.0355% | 1h | $52.0M | $21.1M | 10x | as long as short |
| Kalshi KXBNBPERP | −0.064% | +0.0102% | 8h | $150K | $2.8M | 4.8x | as long as short |
| 01 Exchange BNBUSD | −0.051% | +0.0240% | 1h | $28K | $1K | 10x | as long as short |
| Hotstuff BNB-PERP | −0.051% | −0.0080% | 1h | $4K | $1K | 25x | as long as short |
| Paradex BNB-USD-PERP | −0.045% | +0.0100% | 8h | $78K | $189K | 50x | as long as short |
| Hibachi BNB/USDT-P | −0.019% | +0.0168% | 1h | $71K | $47K | 12x | as long as short |
| MEXC BNB_USDT | −0.001% | +0.0102% | 8h | $83.7M | $16.7M | 200x | as long as short |
| Phoenix BNBlong | 0.000% | +0.0130% | 1h | $169K | $30K | 10x | |
| ApeX Omni BNBUSDT | +0.004% | +0.0100% | 1h | $158K | $438K | 50x | as long as short |
| StandX BNB-USD | +0.008% | 0.0000% | 1h | $862K | $3.3M | 30x | as long as short |
| Bulk BNB-USD | +0.028% | +0.0100% | 1h | $647K | $132K | 10x | as long as short |
| edgeX BNBUSDC | +0.035% | +0.0100% | 4h | $4.1M | $77.1M | 30x | as long as short |
| Injective BNB/USDC PERP | +0.206% | +0.0033% | 1h | $19K | $387K | 30x | as long as short |
Phoenix BNB
gTrade (Gains Network) BNB/USD
Bybit
Bitget
KuCoin
OKX
Gate
Extended
HTX
BingX
Kraken Futures
Polymarket Perps
GMX
SoDEX
Derive
Lighter
Pacifica
Backpack
Variational Omni
Binance
RISEx
SunX
Coinbase International
Aster
BloFin
Phemex
Deribit
Hyperliquid
Paradex
MEXC
ApeX Omni
StandX
Bulk
Injective