Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: Deribit against Bitget+0.104%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.104%, 7d avg +0.084%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	805.97	0.0100	pay 0.0100% / 8h	2h 14m	$79.1M	$24.7M	75x
Short	Deribit BNB_USDC-PERPETUAL	806.81	0.0100	get 0.0013% / 1h	14m 58s	$1.6M	$165K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee BitgetbpFee DeribitbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.084%: $2
Slippage, 4 orders: −$13.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30.21
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Deribit: live order book, 4 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 Bitget live order book, 4 min ago	0.06 bp	7.8 bp −$8	11.4 bp −$114	19.3 bp −$1,934	doesn't fit
Sell Deribit live order book, 4 min ago	2.23 bp	9.7 bp −$10	14.8 bp −$148	doesn't fit	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	806.10	+0.017%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.66	+0.086%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.11	+0.141%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.70	+0.091%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.24	+0.034%	$871K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.16	+0.024%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	806.42	+0.056%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0050%	8h	805.71	−0.032%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0054%	8h	806.39	+0.052%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0077%	8h	805.80	−0.021%	$139.9M	$82.1M	75x	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	806.90	+0.115%	$610K	$883K	50x	as long as short
Lighter BNB	+0.0096%	1h	806.56	+0.074%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	806.97	+0.125%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.10	+0.016%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.53	+0.069%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.90	−0.009%	$55.2M	$116.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.50	+0.066%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	806.20	+0.029%	$36.1M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.22	+0.031%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	805.97	long leg	$79.1M	$24.7M	75x
edgeX BNBUSDC	+0.0100%	4h	807.21	+0.154%	$4.2M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.78	+0.101%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.07	+0.012%	$114K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.29	+0.040%	$390K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.51	+0.067%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.79	+0.102%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0100%	1h	806.81	+0.104%	$1.6M	$165K	25x
HTX BNB-USDT	+0.0100%	8h	806.54	+0.070%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.99	+0.126%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.93	−0.005%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.44	+0.058%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0114%	8h	807.30	+0.165%	$84.7M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0114%	8h	806.87	+0.112%	$521.5M	$806.0M	75x	as long as short
Phoenix BNB	+0.0125%	1h	806.89	+0.114%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0125%	8h	806.92	+0.118%	$70.4M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0198%	1h	806.40	+0.053%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	806.41	+0.055%	$1.2M	$1.5M	20x	as long as short
Hyperliquid BNB	+0.0213%	1h	807.22	+0.155%	$52.3M	$21.7M	10x	as long as short
Bulk BNB-USD	+0.0217%	1h	806.94	+0.121%	$652K	$11K	10x	as long as short
BloFin BNB-USDT	+0.0234%	8h	807.00	+0.128%	$18.8M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0240%	1h	806.40	+0.053%	$171K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	806.68	+0.088%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	805.84	−0.016%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	806.84	+0.108%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.134%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0652%	1h	807.34	+0.170%	$3.0M	$5.5M	40x	as long as short