BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0155%/8h= +17.0% APRnext payment +$0.19 per $10,000 · paid last 24h +0.040%

Price spread now: Phoenix against StandX+0.081%7-day average +0.032% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on StandX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.392%+$39 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now +0.081%, 7d avg +0.032%

Together, before fees+0.347%+ Points / potential airdropStandX: Active · farm board+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.049% dearer against StandX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	800.98	0	get 0.0000% / 1h	13m 15s	$866K	$2.9M	30x
Short	Phoenix BNB	801.63	0.0155	get 0.0019% / 1h	13m 15s	$172K	$35K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against StandX. 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 StandXbpFee PhoenixbpOrdersPrice spread, now +0.081%Rate

Funding earned: $32.57
Price spread: +0.081% → +0.032%: $4.93
Slippage, 4 orders: −$30.75
Fee StandX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$8.26
Costs to cover: 0.457%
Break-even: 8.8 days

Slippage from StandX: live order book, 1 min ago; Phoenix: live order book, 63 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 StandX live order book, 1 min ago	5.37 bp	9.8 bp −$10	13.3 bp −$133	doesn't fit	doesn't fit
Sell Phoenix live order book, 63 min ago	0.99 bp	12.4 bp −$12	43.1 bp −$431	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 −0.0201% / S +0.0372%	1h	799.62	−0.169%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.37	−0.076%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.94	−0.005%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	800.90	−0.010%	$147K	$2.8M	4.8x	as long as short
StandX BNB-USDlong	0.0000%	1h	800.98	long leg	$866K	$2.9M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.64	−0.167%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0035%	8h	799.95	−0.129%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0059%	8h	799.82	−0.145%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0068%	8h	799.20	−0.222%	$139.1M	$79.8M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.95	−0.129%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	+0.024%	$610K	$995K	50x	as long as short
Aster BNBUSDT	+0.0096%	8h	800.23	−0.093%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.73	−0.156%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.10	−0.110%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.30	−0.210%	$54.6M	$115.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.00	−0.122%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.35	−0.204%	$35.7M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.58	−0.175%	$28.0M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.44	−0.192%	$80.8M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.22	+0.030%	$4.2M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.94	−0.005%	$161K	$443K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.53	−0.181%	$121K	$876K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.58	−0.175%	$386K	$527K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.77	−0.151%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.17	−0.101%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.80	−0.147%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.88	−0.137%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.60	−0.048%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.20	−0.222%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.64	−0.167%	$384K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	800.60	−0.047%	$83.2M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.23	−0.093%	$502.7M	$817.1M	75x	as long as short
Phemex BNBUSDT	+0.0118%	8h	800.20	−0.097%	$69.9M	$51.8M	50x	as long as short
Phoenix BNBshort	+0.0155%	1h	801.63	+0.081%	$172K	$35K	10x
Hibachi BNB/USDT-P	+0.0192%	1h	800.13	−0.107%	$71K	$48K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.07	−0.114%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.63	−0.169%	$2.6M	$971K	50x	as long as short
BloFin BNB-USDT	+0.0237%	8h	800.61	−0.046%	$18.3M	$2.5M	75x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.513%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0314%	1h	802.70	+0.214%	$652K	$21K	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	799.85	−0.141%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0319%	1h	800.52	−0.057%	$51.8M	$21.9M	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.37	−0.076%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0321%	1h	799.94	−0.130%	$161K	$62K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.27	−0.213%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0588%	1h	801.02	+0.005%	$2.7M	$5.7M	40x	as long as short