BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h +0.040%

Price spread now: Bulk against SoDEX+0.039%7-day average +0.081% · 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−$21as in the Price arb table

costs, in and out, $10k−$170.170% of the position

Long on SoDEX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.203%+$20 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.039%, 7d avg +0.081%

Together, before fees+0.235%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.042% cheaper against SoDEX than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.081%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	786.90	0.0100	pay 0.0013% / 1h	50m 44s	$387K	$986K	10x
Short	Bulk BNB-USD	787.20	0.0328	get 0.0041% / 1h	50m 44s	$638K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against SoDEX. 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 SoDEXbpFee BulkbpOrdersPrice spread, now +0.039%Rate

Funding earned: $47.91
Price spread: +0.039% → +0.081%: −$4.2
Slippage, 4 orders: −$2.03
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $26.68
Costs to cover: 0.170%
Break-even: 3.1 days

Slippage from SoDEX: live order book, 3 min ago; Bulk: live order book, 58 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 SoDEX live order book, 3 min ago	0.63 bp	4.6 bp −$5	8.6 bp −$86	75.0 bp −$7,497	doesn't fit
Sell Bulk live order book, 58 min ago	0.06 bp	3.6 bp −$4	3.7 bp −$37	9.2 bp −$916	21.9 bp −$11.0K

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 −0.0170% / S +0.0337%	1h	786.62	−0.035%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.57	−0.042%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	786.94	+0.005%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.66	−0.030%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.312%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	787.64	+0.094%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	787.18	+0.036%	—	$22.2M	—	as long as short
dYdX BNB-USD	+0.0057%	1h	786.44	−0.058%	$159K	$62K	10x	as long as short
MEXC BNB_USDT	+0.0066%	8h	788.10	+0.152%	$81.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	787.69	+0.100%	$490.4M	$816.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0074%	8h	787.42	+0.066%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.56	−0.043%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.97	+0.009%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.79	−0.014%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.15	−0.095%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.47	−0.055%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.00	+0.013%	$138.5M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	+0.025%	$53.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.50	−0.051%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.05	+0.019%	$37.1M	$58.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.76	−0.018%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.08	+0.023%	$76.2M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	786.52	−0.048%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.76	−0.018%	$4.1M	$75.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.43	−0.060%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.53	−0.047%	$131K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.93	+0.004%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.28	+0.049%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	786.90	long leg	$387K	$986K	10x
HTX BNB-USDT	+0.0100%	8h	786.52	−0.048%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.84	−0.007%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.69	−0.027%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.81	−0.012%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0133%	8h	787.30	+0.051%	$169K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.00	+0.013%	$169K	$35K	10x	as long as short
Hyperliquid BNB	+0.0136%	1h	788.01	+0.141%	$51.6M	$17.6M	10x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.31	+0.052%	$17.8M	$2.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0197%	1h	787.34	+0.056%	$2.2M	$6.1M	40x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.62	−0.035%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.01	+0.015%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	786.94	+0.005%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.19	+0.037%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.41	−0.063%	$6K	$3K	40x	as long as short
Bulk BNB-USDshort	+0.0328%	1h	787.20	+0.039%	$638K	$4K	10x
RISEx BNB/USDC	+0.0438%	1h	786.67	−0.029%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	786.62	−0.036%	$67K	$39K	12x	as long as short