Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bitget−0.015%7-day average −0.008% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.015%, 7d avg −0.008%

Together, before fees+0.091%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	797.87	0.0100	pay 0.0100% / 8h	10m 50s	$79.0M	$27.6M	75x
Short	Extended BNB-USD	797.75	0.0104	get 0.0013% / 1h	10m 50s	$1.7M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0.84
Price spread: −0.015% → −0.008%: −$0.69
Slippage, 4 orders: −$2.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$19.02
Costs to cover: 0.192%
Break-even: 165.5 days

Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	0.06 bp	6.5 bp −$7	8.4 bp −$84	15.1 bp −$1,514	doesn't fit
Sell Extended live order book, 3 min ago	0.06 bp	3.6 bp −$4	5.6 bp −$56	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 −0.0201% / S +0.0372%	1h	797.88	+0.001%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.31	+0.055%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	797.85	−0.003%	$2.5M	$974K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.80	+0.116%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.15	+0.160%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.94	+0.009%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.53	−0.042%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0033%	8h	798.28	+0.051%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0039%	8h	797.91	+0.005%	$138.5M	$76.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.77	+0.113%	$604K	$983K	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	+0.0083%	8h	798.67	+0.101%	$6.2M	$19.1M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.13	+0.033%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.70	−0.021%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.27	+0.050%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.00	+0.016%	$54.3M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.30	+0.054%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.05	+0.023%	$35.7M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.06	+0.024%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	797.87	long leg	$79.0M	$27.6M	75x
edgeX BNBUSDC	+0.0100%	4h	798.97	+0.138%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.19	+0.165%	$161K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.88	+0.001%	$116K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.84	−0.004%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.95	+0.010%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.97	+0.137%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.10	+0.029%	$392K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.52	+0.081%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.71	+0.105%	$78K	$19K	50x	as long as short
Phemex BNBUSDT	+0.0102%	8h	798.41	+0.068%	$69.8M	$50.6M	50x	as long as short
Binance BNBUSDT	+0.0104%	8h	798.79	+0.115%	$497.7M	$818.0M	75x	as long as short
Extended BNB-USDshort	+0.0104%	1h	797.75	−0.015%	$1.7M	$6.5M	50x
MEXC BNB_USDT	+0.0104%	8h	798.90	+0.129%	$83.0M	$13.6M	200x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.00	+0.016%	$383K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	799.20	+0.167%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0143%	8h	798.70	+0.104%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	798.47	+0.076%	$70K	$43K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.29	+0.053%	$1.6M	$165K	25x	as long as short
Bulk BNB-USD	+0.0214%	1h	799.38	+0.189%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0224%	8h	798.50	+0.079%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0229%	1h	799.11	+0.155%	$52.4M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.12	+0.031%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	798.54	+0.084%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.905%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.57	−0.038%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0342%	1h	798.70	+0.104%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0343%	1h	798.63	+0.095%	$2.7M	$5.7M	40x	as long as short