Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.004%

Price spread now: Derive against Binance−0.019%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	787.10	0.0067	pay 0.0067% / 8h	1h 43m	$490.3M	$816.7M	75x
Short	Derive BNB-PERP	786.95	0.0100	get 0.0013% / 1h	43m 18s	$31K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Binance. 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 BinancebpFee DerivebpOrdersPrice spread, now −0.019%Rate

Funding earned: $6.99
Price spread: −0.019% → 0.000%: −$1.94
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$10.95
Costs to cover: 0.160%
Break-even: 18.0 days

Slippage unknown: Binance: live order book, 16 min ago; Derive: no order-book sample. 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 Binance live order book, 16 min ago	0.06 bp	5.1 bp −$5	5.6 bp −$56	14.4 bp −$1,435	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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.

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	786.72	−0.048%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.13	+0.004%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.59	+0.062%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.72	−0.048%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.286%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0049%	8h	787.18	+0.010%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	786.83	−0.034%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0066%	8h	787.90	+0.102%	$81.0M	$12.0M	200x	as long as short
Binance BNBUSDTlong	+0.0067%	8h	787.10	long leg	$490.3M	$816.7M	75x
dYdX BNB-USD	+0.0068%	1h	786.47	−0.081%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	787.24	+0.018%	$68.9M	$50.9M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.88	−0.028%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.70	−0.051%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.50	−0.076%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.68	−0.053%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.41	−0.088%	$138.4M	$75.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.50	−0.076%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.00	−0.013%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.80	−0.038%	$37.2M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.53	−0.072%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.43	−0.085%	$76.1M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−0.151%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.84	−0.033%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.27	−0.105%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.64	−0.058%	$131K	$949K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.76	−0.043%	$265K	$470K	50x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	786.95	−0.019%	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	787.35	+0.032%	$13K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.80	−0.038%	$387K	$984K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.79	−0.039%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.99	−0.014%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.48	−0.079%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.73	−0.047%	$378K	$110K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0116%	1h	786.92	−0.023%	$2.2M	$6.1M	40x	as long as short
Hyperliquid BNB	+0.0118%	1h	787.32	+0.028%	$51.5M	$17.7M	10x	as long as short
Phoenix BNB	+0.0135%	1h	786.68	−0.053%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0140%	8h	787.10	0.000%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.15	+0.006%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.14	+0.005%	$1.5M	$143K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.45	−0.083%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0227%	8h	787.04	−0.008%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	787.34	+0.030%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.51	−0.075%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0328%	1h	787.20	+0.013%	$638K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.04	−0.007%	$1.1M	$914K	20x	as long as short
Hibachi BNB/USDT-P	+0.0552%	1h	787.00	−0.013%	$67K	$39K	12x	as long as short