Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h +0.058%

Price spread now: 01 Exchange against Binance−0.008%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 01 Exchange

What this pair did over the last

the charts below follow

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 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	795.38	0.0063	pay 0.0063% / 8h	6h 29m	$494.8M	$811.2M	75x
Short	01 Exchange BNBUSD	795.32	0.0256	get 0.0032% / 1h	29m 34s	$28K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.008%Rate

Funding earned: $40.51
Price spread: −0.008% → 0.000%: −$0.75
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $22.75
Costs to cover: 0.170%
Break-even: 3.1 days

Slippage unknown: Binance: live order book, 14 min ago; 01 Exchange: 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, 14 min ago	0.06 bp	5.1 bp −$5	7.3 bp −$73	16.2 bp −$1,618	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 45 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 −0.0167% / S +0.0335%	1h	794.30	−0.136%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	794.59	−0.100%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.51	−0.109%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	794.76	−0.078%	$859K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.33	−0.132%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	793.33	−0.258%	$4.1M	$4.9M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.221%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	795.39	+0.001%	$6.1M	$19.7M	200x	as long as short
Gate BNB_USDT	+0.0040%	8h	794.70	−0.085%	$35.4M	$55.9M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0044%	8h	793.45	−0.243%	$3.0M	$28.8M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDC	+0.0048%	8h	794.77	−0.077%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0052%	8h	794.89	−0.062%	$69.5M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.529%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	795.70	+0.040%	$82.5M	$12.8M	200x	as long as short
Binance BNBUSDTlong	+0.0063%	8h	795.38	long leg	$494.8M	$811.2M	75x
dYdX BNB-USD	+0.0064%	1h	794.66	−0.090%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	793.37	−0.253%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.05	−0.041%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.44	−0.118%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.75	−0.205%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.38	0.000%	$52.1M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.12	−0.033%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	794.70	−0.085%	$138.6M	$75.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	794.40	−0.123%	$53.3M	$110.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	794.90	−0.060%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	794.66	−0.091%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	794.56	−0.103%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	794.24	−0.143%	$4.1M	$77.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.07	−0.165%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.34	−0.131%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	794.58	−0.101%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.00	−0.174%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	794.70	−0.085%	$391K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.16	−0.153%	$8.1M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.18	−0.025%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	794.38	−0.125%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	794.58	−0.101%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	794.90	−0.060%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0160%	8h	795.20	−0.023%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	−0.350%	$642K	$16K	10x	as long as short
01 Exchange BNBUSDshort	+0.0256%	1h	795.32	−0.008%	$28K	$2K	10x
Reya BNBRUSDPERP	+0.0329%	1h	794.11	−0.160%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	795.45	+0.009%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	795.00	−0.048%	$1.6M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	794.41	−0.122%	$68K	$38K	12x	as long as short