Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h −0.002%

Price spread now: edgeX against BingX+0.103%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.103%, 7d avg +0.031%

Together, before fees−0.011%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.072% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDT	802.93	0.0070	pay 0.0070% / 8h	2h 51m	—	$34.5M	—
Short	edgeX BNBUSDC	803.76	0.0100	get 0.0050% / 4h	2h 51m	$4.2M	$76.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BingX. 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 BingXbpFee edgeXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $6.3
Price spread: +0.103% → +0.031%: $7.2
Slippage, 4 orders: −$4.82
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$10.33
Costs to cover: 0.238%
Break-even: 18.5 days

Slippage from BingX: live order book, 3 min ago; edgeX: live order book, 3 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 BingX live order book, 3 min ago	0.12 bp	6.0 bp −$6	6.7 bp −$67	11.6 bp −$1,163	25.7 bp −$12.9K
Sell edgeX live order book, 3 min ago	1.87 bp	6.4 bp −$6	6.4 bp −$64	10.0 bp −$1,000	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 −0.0195% / S +0.0371%	1h	802.72	−0.026%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.20	+0.034%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.43	+0.186%	$3.0M	$30.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.10	+0.021%	$109K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.50	+0.071%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.73	−0.025%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.74	−0.024%	$2.5M	$916K	50x	as long as short
Variational Omni BNB	+0.0068%	8h	803.35	+0.052%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDTlong	+0.0070%	8h	802.93	long leg	—	$34.5M	—
Aster BNBUSDT	+0.0087%	8h	803.26	+0.042%	$6.4M	$18.9M	200x	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	+0.0088%	1h	803.99	+0.132%	$608K	$899K	50x	as long as short
Lighter BNB	+0.0096%	1h	802.79	−0.017%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.02	−0.113%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.57	−0.045%	$1.2M	$923K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	802.40	−0.066%	$138.9M	$83.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.70	−0.029%	$55.0M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.60	−0.041%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.65	−0.035%	$36.0M	$58.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.71	−0.027%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.42	−0.064%	$79.0M	$24.6M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	803.76	+0.103%	$4.2M	$76.8M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	803.49	+0.070%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.66	−0.034%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.73	−0.025%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.92	−0.002%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.38	+0.056%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.70	−0.029%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.23	+0.037%	$1.6M	$162K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.61	−0.040%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.08	+0.018%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.90	+0.121%	$84.3M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	803.49	+0.070%	$518.3M	$807.5M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.55	−0.048%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.83	−0.012%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0125%	8h	803.28	+0.044%	$70.1M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.11	+0.022%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.065%	$649K	$11K	10x	as long as short
Hyperliquid BNB	+0.0170%	1h	803.33	+0.050%	$51.6M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	802.71	−0.028%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0210%	1h	803.01	+0.010%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.27	+0.042%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.57	+0.080%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.40	−0.066%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	803.01	+0.010%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.248%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0665%	1h	803.76	+0.103%	$3.0M	$5.3M	40x	as long as short