Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Paradex against Bitget+0.116%52s7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: 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: Paradex is 0.116% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	802.94	0.0100	pay 0.0100% / 8h	2h 35m	$79.0M	$24.5M	75x
Short	Paradex BNB-USD-PERP	803.87	0.0100	get 0.0100% / 8h	2h 35m	$78K	$19K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0.02
Price spread: +0.116% → 0.000%: $11.61
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.37
Costs to cover: 0.160%
Break-even: 1526.7 days

Slippage unknown: Bitget: live order book, 3 min ago; Paradex: 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, 3 min ago	0.06 bp	8.8 bp −$9	10.9 bp −$109	16.0 bp −$1,603	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 −0.0195% / S +0.0371%	1h	802.98	+0.005%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.88	−0.007%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.28	+0.043%	$3.0M	$29.7M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.60	+0.082%	$111K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.92	+0.122%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.99	+0.006%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.13	+0.024%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0055%	8h	802.35	−0.073%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0062%	8h	803.25	+0.039%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0078%	8h	802.73	−0.026%	$139.2M	$82.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.131%	$608K	$878K	50x	as long as short
Aster BNBUSDT	+0.0088%	8h	803.80	+0.107%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	803.25	+0.039%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.81	−0.016%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.35	+0.051%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.10	+0.020%	$55.1M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.40	+0.057%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.85	−0.011%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.93	−0.001%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	802.94	long leg	$79.0M	$24.5M	75x
edgeX BNBUSDC	+0.0100%	4h	803.02	+0.010%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.43	+0.061%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.05	+0.014%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.04	+0.012%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.09	+0.019%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.59	+0.081%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.49	+0.068%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.29	+0.044%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0100%	8h	803.87	+0.116%	$78K	$19K	50x
MEXC BNB_USDT	+0.0103%	8h	804.10	+0.144%	$84.4M	$13.6M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.72	−0.028%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.19	+0.032%	$386K	$40K	10x	as long as short
Binance BNBUSDT	+0.0104%	8h	803.72	+0.097%	$518.4M	$803.0M	75x	as long as short
Phemex BNBUSDT	+0.0125%	8h	803.65	+0.088%	$70.1M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.30	+0.045%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0129%	1h	803.10	+0.020%	$395K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0146%	1h	803.75	+0.101%	$51.6M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0194%	1h	803.61	+0.083%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.47	+0.066%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0223%	8h	804.26	+0.164%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.74	+0.099%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0263%	1h	803.57	+0.078%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.93	+0.123%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	802.82	−0.015%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.247%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0669%	1h	804.06	+0.139%	$3.0M	$5.4M	40x	as long as short