Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.058%

Price spread now: dYdX against BloFin−0.093%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.262%+$26 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now −0.093%, 7d avg −0.086%

Together, before fees+0.303%+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.086%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.262%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BNB-USDT	799.63	0.0217	pay 0.0217% / 8h	7h 58m	$18.1M	$2.5M	75x
Short	dYdX BNB-USD	798.89	0.0165	get 0.0021% / 1h	58m 42s	$161K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$10.85
Price spread: −0.093% → −0.086%: −$0.65
Slippage, 4 orders: −$27.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$61.5
Costs to cover: 0.500%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; dYdX: live order book, 15 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, 10 min ago	0.13 bp	6.1 bp −$6	8.1 bp −$81	15.2 bp −$1,518	doesn't fit
Sell dYdX live order book, 15 min ago	9.69 bp	21.6 bp −$22	52.9 bp −$529	82.6 bp −$8,265	129.5 bp −$64.8K

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 −0.0201% / S +0.0372%	1h	799.05	−0.072%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	799.09	−0.068%	$2.5M	$975K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.07	−0.070%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0044%	8h	798.45	−0.148%	$35.7M	$55.6M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.73	+0.012%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.22	+0.074%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.08	−0.068%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	798.84	−0.099%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0030%	8h	798.90	−0.091%	—	$13.3M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.683%	$19K	$789K	30x	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	+0.0048%	1h	798.68	−0.119%	$602K	$985K	50x	as long as short
Aster BNBUSDT	+0.0075%	8h	799.24	−0.049%	$6.2M	$19.3M	200x	as long as short
Phemex BNBUSDT	+0.0093%	8h	799.52	−0.014%	$69.9M	$50.7M	50x	as long as short
Binance BNBUSDT	+0.0095%	8h	799.02	−0.077%	$497.1M	$818.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.55	−0.136%	$2.8M	$4.0M	20x	as long as short
MEXC BNB_USDT	+0.0096%	8h	799.50	−0.016%	$83.1M	$13.5M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.95	−0.085%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.76	−0.108%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	798.32	−0.164%	$138.7M	$77.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.40	−0.154%	$54.4M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.00	−0.079%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.47	−0.145%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.39	−0.155%	$78.8M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.66	+0.004%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.37	−0.033%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.05	−0.073%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.99	−0.080%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.16	−0.059%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.62	−0.002%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.30	−0.041%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.49	−0.018%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.21	−0.053%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.13	−0.063%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.31	−0.166%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.15	−0.060%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	799.98	+0.044%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	799.60	−0.004%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	799.70	+0.009%	$90K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.86	−0.096%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0158%	1h	799.24	−0.049%	$649K	$14K	10x	as long as short
dYdX BNB-USDshort	+0.0165%	1h	798.89	−0.093%	$161K	$63K	10x
01 Exchange BNBUSD	+0.0200%	1h	799.30	−0.041%	$28K	$1K	10x	as long as short
BloFin BNB-USDTlong	+0.0217%	8h	799.63	long leg	$18.1M	$2.5M	75x
Hyperliquid BNB	+0.0218%	1h	799.46	−0.021%	$52.5M	$20.8M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0269%	1h	799.58	−0.006%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.72	−0.114%	$6K	$3K	40x	as long as short