BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0012%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: SoDEX against Phoenix+0.020%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Phoenix Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.020%, 7d avg −0.060%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and SoDEX is 0.081% dearer against Phoenix than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix BNB	787.34	0.0107	pay 0.0013% / 1h	49m 10s	$169K	$35K	10x
Short	SoDEX BNB-USD	787.50	0.0119	get 0.0015% / 1h	49m 10s	$387K	$997K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Phoenix. 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 PhoenixbpFee SoDEXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $2.61
Price spread: +0.020% → −0.060%: $8.07
Slippage, 4 orders: −$19.73
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$24.04
Costs to cover: 0.347%
Break-even: 71.3 days

Slippage from Phoenix: live order book, 57 min ago; SoDEX: live order book, 10 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 Phoenix live order book, 57 min ago	1.01 bp	12.4 bp −$12	50.9 bp −$509	doesn't fit	doesn't fit
Sell SoDEX live order book, 10 min ago	0.64 bp	4.6 bp −$5	8.5 bp −$85	82.0 bp −$8,199	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 −0.0192% / S +0.0356%	1h	787.26	−0.010%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.53	+0.024%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.28	+0.119%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.28	−0.007%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	787.94	+0.077%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.254%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0037%	8h	787.27	−0.009%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0050%	8h	788.20	+0.109%	$79.9M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0051%	8h	787.87	+0.067%	$490.8M	$804.7M	75x	as long as short
Phemex BNBUSDT	+0.0053%	8h	787.86	+0.066%	$68.9M	$50.7M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	787.29	−0.007%	$2.5M	$1.2M	50x	as long as short
dYdX BNB-USD	+0.0071%	1h	787.06	−0.036%	$159K	$61K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.46	+0.015%	$578K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.48	+0.018%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.33	−0.001%	$265K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.25	−0.011%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.83	+0.062%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.49	+0.020%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.21	−0.017%	$138.3M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.018%	$53.4M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.40	+0.008%	$52K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.25	−0.011%	$36.1M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.03	−0.039%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.99	−0.044%	$76.2M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.69	+0.044%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.11	−0.029%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	+0.060%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.86	+0.066%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.25	−0.011%	$132K	$953K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.50	+0.020%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.93	+0.075%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.13	−0.026%	$8.1M	$9.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.70	+0.046%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.04	−0.039%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.37	+0.003%	$378K	$110K	10x	as long as short
Phoenix BNBlong	+0.0107%	1h	787.34	long leg	$169K	$35K	10x
SoDEX BNB-USDshort	+0.0119%	1h	787.50	+0.020%	$387K	$997K	10x
Kalshi KXBNBPERP	+0.0131%	8h	787.70	+0.046%	$122K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0171%	8h	787.95	+0.077%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0198%	8h	788.06	+0.091%	$2.9M	$29.2M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.78	+0.056%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0260%	1h	788.17	+0.106%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	787.92	+0.074%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.10	−0.030%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	787.58	+0.030%	$1.1M	$908K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	787.74	+0.051%	$67K	$39K	12x	as long as short