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−0.0038%/8h= −4.2% APRnext payment $0.38 per $10,000 · paid last 24h +0.002%
Price spread now: BingX against Bitget+0.044%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$260.264% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 7 days+0.021%+$2 · spread now +0.044%, 7d avg +0.064%
Together, before fees+0.025%+$3 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 BingX is 0.020% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.064%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNBUSDT802.500.0100pay 0.0100% / 8h2h 41m$79.0M$24.5M75x
ShortBingX BNB-USDT802.850.0062get 0.0062% / 8h2h 41m$34.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
−$7.98
Price spread: +0.044% → +0.064%
−$2.02
Slippage, 4 orders
−$4.43
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$36.43
Costs to cover
0.264%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago0.06 bp7.5 bp −$810.3 bp −$10321.4 bp −$2,136doesn't fit
Sell BingX live order book, 3 min ago0.13 bp5.1 bp −$55.6 bp −$5610.9 bp −$1,09128.9 bp −$14.5K

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 −0.0195% / S +0.0371%1h802.87+0.046%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h803.57+0.133%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.09+0.073%$3.0M$30.0M10xas long as short
Kalshi KXBNBPERP0.0000%8h803.20+0.087%$122K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92+0.177%$869K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h802.88+0.047%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.05+0.069%$2.5M$910K50xas long as short
Variational Omni BNB+0.0059%8h802.25−0.031%$4.1M$5.3Mas long as short
BingX BNB-USDTshort+0.0062%8h802.85+0.044%$34.5M
Bybit BNBUSDT+0.0083%8h802.40−0.012%$138.7M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0087%8h803.49+0.123%$6.4M$18.8M200xas long as short
Coinbase International BNB-PERP-INTX+0.0088%1h803.99+0.186%$608K$880K50xas long as short
Lighter BNB+0.0096%1h803.06+0.070%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h802.56+0.008%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h802.95+0.056%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h802.70+0.025%$55.1M$115.4M50xas long as short
Arcus BNB-USD+0.0100%1h803.20+0.087%$52K$161K10xas long as short
Gate BNB_USDT+0.0100%8h802.65+0.019%$35.9M$58.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.66+0.020%$28.1M$10.5M75xas long as short
Bitget BNBUSDTlong+0.0100%8h802.50long leg$79.0M$24.5M75x
edgeX BNBUSDC+0.0100%4h803.30+0.099%$4.2M$77.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.22+0.090%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.74+0.030%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h802.95+0.056%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.04+0.067%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.49+0.123%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h803.42+0.115%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h802.91+0.051%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h803.54+0.129%$78K$19K50xas long as short
MEXC BNB_USDT+0.0103%8h803.90+0.174%$84.5M$13.5M200xas long as short
Binance BNBUSDT+0.0104%8h803.49+0.123%$518.2M$803.6M75xas long as short
Extended BNB-USD+0.0104%1h802.56+0.008%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h803.17+0.083%$386K$40K10xas long as short
SoDEX BNB-USD+0.0114%1h802.90+0.050%$395K$1.0M10xas long as short
Phemex BNBUSDT+0.0119%8h803.49+0.123%$70.1M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.50+0.125%$173K$35K10xas long as short
Hyperliquid BNB+0.0153%1h803.47+0.121%$51.6M$21.3M10xas long as short
Bulk BNB-USD+0.0194%1h803.61+0.138%$649K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h803.27+0.097%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0224%8h803.58+0.135%$18.8M$3.0M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h803.38+0.110%$71K$49K12xas long as short
dYdX BNB-USD+0.0249%1h803.00+0.062%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0320%1h803.55+0.131%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h802.63+0.017%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.302%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0687%1h803.82+0.164%$3.0M$5.3M40xas long as short