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

BNB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.082%
Price spread now: Hibachi against Bitget+0.153%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.474%+$47 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hibachi is 0.153% dearer against Bitget than usual: you sell high and buy low, +$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNBUSDT805.860.0100pay 0.0100% / 8h1h 37m$78.8M$25.0M75x
ShortHibachi BNB/USDT-P807.090.0096get 0.0012% / 1h37m 58s$72K$48K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi 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
−$0.84
Price spread: +0.153% → 0.000%
$15.25
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$6.59
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 1 min ago; Hibachi: no order-book sample. Net counts fees only.

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, 1 min ago0.06 bp7.0 bp −$710.1 bp −$101doesn't fitdoesn't fit
Sell Hibachi no order-book sample
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h806.68+0.102%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.83+0.120%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h807.25+0.172%$3.0M$29.1M10xas long as short
Kalshi KXBNBPERP0.0000%8h807.00+0.141%$106K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.95+0.135%$872K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.75+0.111%$9.8M150xas long as short
Variational Omni BNB+0.0044%8h806.56+0.087%$4.1M$5.3Mas long as short
BingX BNB-USDC+0.0059%8h806.34+0.060%$13.3Mas long as short
Bybit BNBUSDT+0.0083%8h805.90+0.005%$139.6M$81.1M75xas long as short
Lighter BNB+0.0096%1h806.68+0.102%$2.8M$4.2M20xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi BNB/USDT-Pshort+0.0096%1h807.09+0.153%$72K$48K12x
Coinbase International BNB-PERP-INTX+0.0096%1h805.54−0.040%$608K$881K50xas long as short
Nado BNB-PERP+0.0100%1h806.25+0.048%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h806.62+0.094%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.10+0.030%$55.1M$116.0M50xas long as short
Arcus BNB-USD+0.0100%1h806.90+0.129%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h806.20+0.042%$36.1M$57.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h806.19+0.041%$28.2M$10.5M75xas long as short
Bitget BNBUSDTlong+0.0100%8h805.86long leg$78.8M$25.0M75x
edgeX BNBUSDC+0.0100%4h807.43+0.195%$4.2M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h807.11+0.155%$162K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h806.62+0.094%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.68+0.102%$390K$592K50xas long as short
Derive BNB-PERP+0.0100%1h806.94+0.134%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h807.39+0.190%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h806.40+0.067%$8.2M$7.7M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h807.10+0.154%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h806.18+0.039%$1.9M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h806.52+0.082%$387K$40K10xas long as short
Aster BNBUSDT+0.0107%8h806.81+0.118%$6.4M$18.8M200xas long as short
MEXC BNB_USDT+0.0121%8h807.40+0.191%$84.8M$13.4M200xas long as short
Binance BNBUSDT+0.0122%8h806.92+0.131%$520.9M$804.0M75xas long as short
Phemex BNBUSDT+0.0135%8h807.03+0.145%$70.4M$51.7M50xas long as short
Phoenix BNB+0.0155%1h807.20+0.166%$173K$35K10xas long as short
SoDEX BNB-USD+0.0184%1h806.60+0.092%$397K$1.0M10xas long as short
dYdX BNB-USD+0.0193%1h806.57+0.088%$163K$63K10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h806.38+0.064%$2.5M$929K50xas long as short
Hyperliquid BNB+0.0226%1h807.18+0.164%$52.0M$21.8M10xas long as short
BloFin BNB-USDT+0.0242%8h806.92+0.132%$18.8M$2.6M75xas long as short
Bulk BNB-USD+0.0295%1h807.66+0.223%$652K$14K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h806.89+0.128%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.096%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h806.79+0.116%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h806.33+0.058%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0360%1h807.29+0.177%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0695%1h807.41+0.192%$3.0M$5.5M40xas long as short