Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0406%/8h= +44.5% APRpaid last 24h +0.086%

Price spread now: Hibachi against BingX−0.017%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.511%+$51 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds 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: +$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDT	787.23	0.0034	pay 0.0034% / 8h	2h 57m	—	$22.3M	—
Short	Hibachi BNB/USDT-P	787.09	0.0440	get 0.0055% / 1h	57m 13s	$67K	$39K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now −0.017%Rate

Funding earned: $85.26
Price spread: −0.017% → 0.000%: −$1.75
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $64.51
Costs to cover: 0.190%
Break-even: 1.7 days

Slippage unknown: BingX: live order book, 1 min ago; Hibachi: 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 BingX live order book, 1 min ago	0.19 bp	5.2 bp −$5	6.2 bp −$62	10.9 bp −$1,091	29.4 bp −$14.7K
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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 −0.0192% / S +0.0356%	1h	786.98	−0.031%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.27	−0.122%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.20	−0.004%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.69	−0.069%	$848K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.99	−0.030%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0025%	8h	787.73	+0.064%	$6.1M	$19.1M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.269%	$19K	$789K	30x	as long as short
BingX BNB-USDTlong	+0.0034%	8h	787.23	long leg	—	$22.3M	—
MEXC BNB_USDT	+0.0046%	8h	788.10	+0.111%	$79.9M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0047%	8h	787.79	+0.071%	$490.4M	$805.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0048%	8h	787.71	+0.061%	$68.9M	$50.7M	50x	as long as short
Kraken Futures PF_BNBUSD	+0.0069%	1h	787.02	−0.026%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.21	−0.003%	$579K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	786.98	−0.032%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.27	+0.005%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.13	−0.013%	$265K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.90	−0.042%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.57	+0.043%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.93	−0.038%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.03	−0.025%	$138.3M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.90	−0.042%	$53.5M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.10	−0.017%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.10	−0.017%	$36.1M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.89	−0.043%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.82	−0.052%	$76.2M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.18	−0.133%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.81	−0.053%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.50	+0.034%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.95	+0.091%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.89	−0.043%	$132K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.22	−0.001%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.77	+0.069%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.74	−0.062%	$8.1M	$9.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.02	−0.027%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.84	−0.050%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.15	−0.010%	$378K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0166%	1h	787.20	−0.004%	$387K	$999K	10x	as long as short
BloFin BNB-USDT	+0.0167%	8h	787.55	+0.041%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0188%	8h	787.83	+0.076%	$2.9M	$28.9M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.58	+0.045%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0223%	1h	788.23	+0.127%	$639K	$10K	10x	as long as short
dYdX BNB-USD	+0.0227%	1h	786.27	−0.122%	$159K	$61K	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	787.48	+0.032%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.80	−0.054%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	787.20	−0.004%	$1.1M	$908K	20x	as long as short
Hibachi BNB/USDT-Pshort	+0.0440%	1h	787.09	−0.017%	$67K	$39K	12x