Funding you earn now, next payment 04:00 UTC−0.0374%/8h= −40.9% APRpaid last 24h +0.565%
Price spread now: Binance against Bullet+0.053%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Binance is 0.053% dearer against Bullet than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet BNC-USD | 6.2308 | 0 | get 0.0000% / 1h | 12m 06s | $9K | $69K | 10x |
| Short | Binance BNCUSDT | 6.2341 | −0.0374 | pay 0.0374% / 8h | 4h 12m | $13.4M | $41.8M | 10x |
Bullet BNC-USD
Binance BNCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bullet. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$78.49
- Price spread: +0.053% → 0.000%
- $5.33
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$91.15
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Binance: live order book, 15 min ago. Net counts fees only.
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 Bullet no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 15 min ago | 0.80 bp | 7.4 bp −$7 | 117.4 bp −$1,174 | doesn't fit | doesn't fit |
Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDT | −0.3053% | 8h | 6.2569 | +0.419% | $804K | $4.4M | 5x | as long as short |
| Bybit BNCUSDT | −0.1027% | 8h | 6.2390 | +0.132% | $567K | $2.2M | 25x | as long as short |
| QFEX BNC-USD | −0.0400% | 1h | 6.2800 | +0.790% | $50K | $41K | 10x | as long as short |
| Binance BNCUSDTshort | −0.0374% | 8h | 6.2341 | +0.053% | $13.4M | $41.8M | 10x | |
| Variational Omni BNC | −0.0259% | 8h | 6.3454 | +1.839% | $119K | $142K | — | as long as short |
| Aster BNCUSD1 | 0.0000% | 8h | 6.2481 | +0.278% | $179K | $22K | 10x | as long as short |
| Bullet BNC-USDlong | 0.0000% | 1h | 6.2308 | long leg | $9K | $69K | 10x | |
| HTX BNC-USDT | 0.0000% | 8h | 6.3460 | +1.849% | $14K | $31K | 10x | as long as short |
| KuCoin BNCUSDTM | +0.0100% | 8h | 6.2480 | +0.276% | $41K | $3.0M | 20x | as long as short |
Bitget BNCUSDT
Bybit BNCUSDT
QFEX BNC-USD
Variational Omni BNC
Aster BNCUSD1
HTX BNC-USDT
KuCoin BNCUSDTM