Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.011%
Price spread now: Binance against Bitget+0.107%7-day average +0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$250.245% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 7 days+0.017%+$2 · spread now +0.107%, 7d avg +0.130%
Together, before fees−0.007%−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.023% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.130%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNBUSDT797.960.0100pay 0.0100% / 8h11m 59s$79.0M$27.5M75x
ShortBinance BNBUSDT798.810.0104get 0.0104% / 8h11m 59s$497.7M$818.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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

Funding earned
$0.91
Price spread: +0.107% → +0.130%
−$2.31
Slippage, 4 orders
−$2.52
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$25.93
Costs to cover
0.245%
Break-even
207.5 days
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago0.06 bp6.5 bp −$78.4 bp −$8415.1 bp −$1,514doesn't fit
Sell Binance live order book, 2 min ago0.06 bp6.4 bp −$68.0 bp −$8019.0 bp −$1,905doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h798.44+0.061%$47K200xas long as short
Hotstuff BNB-PERP−0.0080%1h798.73+0.096%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h798.15+0.023%$2.5M$974K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.92+0.120%$3.0M$28.0M10xas long as short
StandX BNB-USD0.0000%1h799.15+0.149%$864K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.46+0.062%$9.7M150xas long as short
Variational Omni BNB+0.0010%8h798.73+0.097%$4.1M$5.3Mas long as short
BingX BNB-USDT+0.0033%8h798.35+0.049%$34.7Mas long as short
Bybit BNBUSDT+0.0039%8h798.30+0.043%$138.6M$76.8M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h798.77+0.102%$604K$983K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0084%8h798.87+0.114%$6.2M$19.1M200xas long as short
Lighter BNB+0.0096%1h798.54+0.072%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h798.24+0.035%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.66+0.088%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.20+0.030%$54.3M$112.7M50xas long as short
Arcus BNB-USD+0.0100%1h798.70+0.093%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h798.10+0.018%$35.8M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h798.20+0.030%$28.0M$10.2M75xas long as short
Bitget BNBUSDTlong+0.0100%8h797.96long leg$79.0M$27.5M75x
edgeX BNBUSDC+0.0100%4h799.52+0.196%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.51+0.194%$161K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.38+0.053%$116K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.28+0.040%$386K$494K50xas long as short
Derive BNB-PERP+0.0100%1h798.43+0.059%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.97+0.126%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.50+0.068%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h798.74+0.097%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h798.64+0.086%$8.2M$8.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.07+0.139%$78K$19K50xas long as short
Phemex BNBUSDT+0.0101%8h798.80+0.105%$69.9M$50.7M50xas long as short
Extended BNB-USD+0.0104%1h797.90−0.008%$1.7M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h798.44+0.060%$384K$40K10xas long as short
Binance BNBUSDTshort+0.0104%8h798.81+0.107%$497.7M$818.3M75x
MEXC BNB_USDT+0.0105%8h799.20+0.155%$83.0M$13.6M200xas long as short
Phoenix BNB+0.0127%1h799.20+0.155%$172K$36K10xas long as short
Kalshi KXBNBPERP+0.0141%8h799.30+0.168%$90K$2.9M4.8xas long as short
Hibachi BNB/USDT-P+0.0168%1h798.81+0.107%$70K$43K12xas long as short
Bulk BNB-USD+0.0214%1h799.38+0.178%$649K$17K10xas long as short
Hyperliquid BNB+0.0221%1h799.08+0.140%$52.4M$21.2M10xas long as short
BloFin BNB-USDT+0.0225%8h798.80+0.105%$18.1M$2.5M75xas long as short
RISEx BNB/USDC+0.0258%1h798.52+0.070%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0280%1h798.99+0.129%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.894%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0331%1h798.07+0.014%$6K$3K40xas long as short
dYdX BNB-USD+0.0343%1h798.70+0.092%$161K$63K10xas long as short
Backpack BNB_USDC_PERP+0.0344%1h799.05+0.137%$2.7M$5.7M40xas long as short