Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.011%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.011%, 7d avg +0.028%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	784.76	0.0100	pay 0.0100% / 8h	2h 38m	$76.0M	$30.8M	75x
Short	KuCoin BNBUSDTM	784.85	0.0100	get 0.0100% / 8h	2h 38m	$27.5M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.028%: −$1.69
Slippage, 4 orders: −$9.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$35.12
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 6 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, 1 min ago	0.06 bp	7.3 bp −$7	10.1 bp −$101	18.9 bp −$1,891	doesn't fit
Sell KuCoin live order book, 6 min ago	0.44 bp	9.4 bp −$9	16.5 bp −$165	44.2 bp −$4,421	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 −0.0192% / S +0.0356%	1h	784.85	+0.011%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.37	−0.050%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	784.80	+0.005%	$846K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.93	+0.022%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	785.78	+0.130%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.591%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0041%	8h	785.17	+0.052%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0049%	8h	785.90	+0.145%	$68.8M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0051%	8h	785.80	+0.133%	$79.6M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0051%	8h	785.97	+0.154%	$489.4M	$808.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	785.17	+0.053%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.52	−0.031%	$576K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0089%	1h	784.38	−0.048%	$159K	$61K	10x	as long as short
Lighter BNB	+0.0096%	1h	785.48	+0.092%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.01	+0.032%	$264K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.95	+0.024%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.68	+0.117%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.02	+0.033%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.40	+0.082%	$137.9M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.20	+0.056%	$53.2M	$112.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.10	+0.043%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.85	+0.011%	$36.2M	$58.2M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	784.85	+0.011%	$27.5M	$10.2M	75x
Bitget BNBUSDTlong	+0.0100%	8h	784.76	long leg	$76.0M	$30.8M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	784.64	−0.015%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.43	−0.042%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.49	+0.220%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.35	+0.075%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.98	+0.028%	$131K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.13	+0.047%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.59	+0.106%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.20	+0.056%	$386K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.73	−0.004%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.11	+0.044%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.74	−0.002%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.12	+0.046%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	785.21	+0.057%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0135%	8h	785.40	+0.082%	$141K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0171%	8h	784.84	+0.010%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.48	+0.091%	$1.5M	$143K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0202%	8h	785.56	+0.102%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	+0.187%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	785.64	+0.112%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.92	+0.020%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.25	+0.062%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	784.67	−0.012%	$67K	$39K	12x	as long as short