Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.011%

Price spread now: edgeX against Binance−0.249%100s7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.230% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days+0.230%+$23 · spread now −0.249%, 7d avg −0.035%

Together, before fees+0.299%+ Points / potential airdropedgeX: Active · farm board+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.214% cheaper against Binance than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.069%, so the current rate has only just turned against you. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	802.55	0.0121	pay 0.0121% / 8h	57m 47s	$502.2M	$819.4M	75x
Short	edgeX BNBUSDC	800.55	0.0100	get 0.0050% / 4h	57m 47s	$4.2M	$77.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.249%Rate

Funding earned: −$4.4
Price spread: −0.249% → −0.035%: −$21.36
Slippage, 4 orders: −$3.96
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$48.71
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; edgeX: live order book, 1 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 Binance live order book, 16 min ago	0.06 bp	5.1 bp −$5	6.0 bp −$60	15.2 bp −$1,522	doesn't fit
Sell edgeX live order book, 1 min ago	1.87 bp	6.4 bp −$6	6.4 bp −$64	9.7 bp −$970	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	801.85	−0.086%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.08	−0.058%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	801.59	−0.119%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	−0.194%	$3.0M	$28.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	802.01	−0.067%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.90	−0.080%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	800.04	−0.312%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0052%	8h	802.06	−0.060%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	801.46	−0.135%	$139.3M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.227%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	802.18	−0.045%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.96	−0.073%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.00	−0.068%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.60	−0.118%	$54.8M	$113.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.50	−0.006%	$53K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.45	−0.136%	$35.8M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.87	−0.084%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.55	−0.124%	$79.7M	$27.3M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	800.55	−0.249%	$4.2M	$77.7M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	800.56	−0.247%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.24	−0.038%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.93	−0.077%	$388K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.07	−0.059%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.22	−0.041%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.95	−0.075%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.56	+0.002%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	802.64	+0.012%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.44	−0.138%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.18	−0.045%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	802.39	−0.019%	$70.2M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	802.40	−0.018%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0120%	8h	802.90	+0.044%	$83.4M	$13.5M	200x	as long as short
Binance BNBUSDTlong	+0.0121%	8h	802.55	long leg	$502.2M	$819.4M	75x
Phoenix BNB	+0.0155%	1h	800.77	−0.221%	$172K	$34K	10x	as long as short
BloFin BNB-USDT	+0.0241%	8h	801.83	−0.089%	$18.2M	$2.5M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	801.14	−0.176%	$71K	$48K	12x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.33	−0.027%	$1.1M	$1.4M	20x	as long as short
SoDEX BNB-USD	+0.0287%	1h	801.90	−0.080%	$394K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.174%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	802.36	−0.023%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.317%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.83	−0.089%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0337%	1h	802.57	+0.003%	$51.9M	$21.6M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0431%	1h	802.42	−0.016%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	803.13	+0.073%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0465%	1h	801.56	−0.123%	$162K	$62K	10x	as long as short