Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0077%/8h= −8.4% APRpaid last 24h −0.033%

Price spread now: Arcus against BloFin+0.006%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now +0.006%, 7d avg +0.010%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BNB-USDT	785.15	0.0177	pay 0.0177% / 8h	2h 22m	$17.7M	$2.2M	75x
Short	Arcus BNB-USD	785.20	0.0100	get 0.0013% / 1h	22m 22s	$52K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. 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 BloFinbpFee ArcusbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$16.18
Price spread: +0.006% → +0.010%: −$0.39
Slippage, 4 orders: −$12.57
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$45.63
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Arcus: live order book, 26 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 BloFin live order book, 7 min ago	0.13 bp	6.1 bp −$6	6.8 bp −$68	15.8 bp −$1,576	doesn't fit
Sell Arcus live order book, 26 min ago	3.17 bp	8.8 bp −$9	21.5 bp −$215	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 −0.0192% / S +0.0356%	1h	785.14	−0.002%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.08	−0.009%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.20	+0.006%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.23	+0.010%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	785.74	+0.075%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.540%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0042%	8h	785.02	−0.017%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0051%	8h	785.01	−0.018%	$68.7M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0057%	8h	786.10	+0.121%	$80.3M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0058%	8h	786.00	+0.108%	$489.7M	$811.7M	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	784.31	−0.107%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.62	−0.068%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.89	−0.034%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.57	+0.053%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.85	−0.038%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.96	+0.103%	$51.4M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.07	−0.010%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.37	+0.028%	$137.9M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.40	+0.032%	$53.3M	$112.5M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	785.20	+0.006%	$52K	$129K	10x
Gate BNB_USDT	+0.0100%	8h	785.35	+0.025%	$36.5M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.85	−0.038%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.03	−0.015%	$76.0M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.97	−0.023%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.72	−0.182%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.31	−0.107%	$4.1M	$75.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.92	−0.029%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.24	+0.011%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.51	−0.082%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.95	−0.026%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.69	−0.059%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.15	0.000%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.69	−0.059%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.49	−0.085%	$377K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0105%	1h	784.50	−0.083%	$386K	$993K	10x	as long as short
Phoenix BNB	+0.0107%	1h	784.35	−0.102%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0149%	8h	785.10	−0.006%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0167%	1h	784.36	−0.101%	$159K	$62K	10x	as long as short
BloFin BNB-USDTlong	+0.0177%	8h	785.15	long leg	$17.7M	$2.2M	75x
GRVT BNB_USDT_Perp	+0.0210%	8h	785.65	+0.064%	$2.9M	$29.2M	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	785.92	+0.098%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	784.84	−0.040%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	785.11	−0.005%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	+0.031%	$637K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.35	+0.025%	$1.1M	$903K	20x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	784.71	−0.056%	$67K	$39K	12x	as long as short