Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0291%/8h= +31.9% APRpaid last 24h +0.104%

Price spread now: dYdX against Bitget+0.028%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.457%+$46 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.028%, 7d avg +0.042%

Together, before fees+0.484%+$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	799.10	0.0100	pay 0.0100% / 8h	30m 30s	$79.3M	$27.4M	75x
Short	dYdX BNB-USD	799.32	0.0391	get 0.0049% / 1h	30m 30s	$161K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $61.1
Price spread: +0.028% → +0.042%: −$1.4
Slippage, 4 orders: −$31.62
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $6.08
Costs to cover: 0.536%
Break-even: 6.3 days

Slippage from Bitget: live order book, 4 min ago; dYdX: live order book, 48 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	7.4 bp −$7	11.8 bp −$118	16.9 bp −$1,690	doesn't fit
Sell dYdX live order book, 48 min ago	14.76 bp	20.0 bp −$20	46.2 bp −$462	63.2 bp −$6,320	126.0 bp −$63.0K

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 −0.0201% / S +0.0372%	1h	799.59	+0.061%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.77	+0.084%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.57	+0.059%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.38	+0.161%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.78	+0.210%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.57	+0.059%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0017%	8h	799.36	+0.032%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0041%	8h	799.54	+0.055%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0048%	8h	799.10	0.000%	$138.6M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.099%	$606K	$993K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0094%	8h	800.01	+0.114%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.63	+0.066%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.08	−0.003%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.58	+0.060%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.10	0.000%	$54.4M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.70	+0.075%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.40	+0.038%	$35.8M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.31	+0.026%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	799.10	long leg	$79.3M	$27.4M	75x
edgeX BNBUSDC	+0.0100%	4h	800.41	+0.164%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.53	+0.179%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.24	+0.018%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.49	+0.049%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.94	+0.105%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.22	+0.141%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.80	+0.088%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.02	+0.115%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.96	+0.107%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.85	−0.031%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.86	+0.095%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	800.24	+0.143%	$69.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0115%	8h	800.40	+0.163%	$83.1M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	800.09	+0.124%	$499.6M	$815.9M	75x	as long as short
Kalshi KXBNBPERP	+0.0120%	8h	800.10	+0.125%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.57	+0.184%	$172K	$36K	10x	as long as short
Hyperliquid BNB	+0.0184%	1h	800.14	+0.130%	$51.8M	$21.1M	10x	as long as short
Hibachi BNB/USDT-P	+0.0184%	1h	800.03	+0.116%	$70K	$44K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.13	+0.129%	$1.6M	$165K	25x	as long as short
BloFin BNB-USDT	+0.0236%	8h	800.28	+0.148%	$18.2M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.117%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.57	+0.059%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	800.08	+0.123%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.750%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.96	−0.017%	$6K	$3K	40x	as long as short
dYdX BNB-USDshort	+0.0391%	1h	799.32	+0.028%	$161K	$62K	10x
Backpack BNB_USDC_PERP	+0.0409%	1h	800.50	+0.175%	$2.7M	$5.7M	40x	as long as short