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: Orderly against Bitget+0.060%7-day average +0.073% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 3 days (all we have)−0.025%−$3 · spread now +0.060%, 7d avg +0.073%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	798.06	0.0100	pay 0.0100% / 8h	7h 19m	$78.2M	$28.1M	75x
Short	Orderly PERP_BNB_USDC	798.54	0.0100	get 0.0100% / 8h	7h 19m	$386K	$459K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.073%: −$1.24
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.24
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 4 min ago	0.06 bp	7.4 bp −$7	10.5 bp −$105	25.4 bp −$2,542	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0159% / S +0.0335%	1h	798.39	+0.042%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.48	+0.052%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.54	+0.060%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0007%	8h	798.43	+0.046%	—	$13.4M	—	as long as short
Gate BNB_USDT	−0.0002%	8h	798.25	+0.024%	$35.9M	$56.8M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.63	+0.322%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.19	+0.142%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	−0.043%	$4.1M	$5.0M	—	as long as short
Bybit BNBUSDT	+0.0006%	8h	798.35	+0.036%	$138.6M	$76.3M	75x	as long as short
Phemex BNBUSDT	+0.0006%	8h	799.12	+0.133%	$69.8M	$50.2M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.43	+0.047%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.881%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.127%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0055%	8h	798.89	+0.105%	$6.2M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0076%	8h	798.80	+0.093%	$495.9M	$811.5M	75x	as long as short
MEXC BNB_USDT	+0.0077%	8h	799.40	+0.168%	$83.1M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.74	+0.085%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.134%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.85	−0.026%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.37	+0.039%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.50	+0.055%	$54.2M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.60	+0.068%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.47	+0.051%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	798.06	long leg	$78.2M	$28.1M	75x
edgeX BNBUSDC	+0.0100%	4h	800.04	+0.248%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.98	+0.241%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.15	+0.011%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDCshort	+0.0100%	8h	798.54	+0.060%	$386K	$459K	50x
Derive BNB-PERP	+0.0100%	1h	798.64	+0.072%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.62	+0.070%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.70	+0.080%	$393K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.09	+0.004%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.75	+0.087%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.02	−0.005%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.57	+0.064%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	+0.153%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.26	+0.026%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	799.10	+0.130%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0197%	8h	798.81	+0.094%	$18.0M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.82	+0.095%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0201%	1h	798.40	+0.043%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	799.00	+0.118%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0299%	1h	799.29	+0.154%	$53.1M	$20.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	798.98	+0.115%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.86	−0.025%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0411%	1h	799.63	+0.197%	$2.7M	$5.7M	40x	as long as short