Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0075%/8h= −8.3% APRpaid last 24h −0.038%

Price spread now: edgeX against BloFin+0.073%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.073%, 7d avg −0.017%

Together, before fees−0.234%+ Points / potential airdropedgeX: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.090% dearer against BloFin than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.017%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BNB-USDT	787.18	0.0175	pay 0.0175% / 8h	42m 20s	$17.7M	$2.2M	75x
Short	edgeX BNBUSDC	787.76	0.0100	get 0.0050% / 4h	42m 20s	$4.1M	$76.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$15.83
Price spread: +0.073% → −0.017%: $9.01
Slippage, 4 orders: −$5.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$33.55
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; edgeX: live order book, 2 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	6.5 bp −$7	7.0 bp −$70	11.0 bp −$1,104	doesn't fit
Sell edgeX live order book, 2 min ago	2.54 bp	7.0 bp −$7	7.0 bp −$70	10.8 bp −$1,075	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 −0.0168% / S +0.0337%	1h	786.65	−0.067%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.19	+0.001%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	786.66	−0.066%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	787.35	+0.022%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.64	−0.068%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.275%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0045%	8h	786.89	−0.037%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0046%	8h	787.20	+0.003%	$6.0M	$18.9M	200x	as long as short
dYdX BNB-USD	+0.0052%	1h	786.54	−0.081%	$159K	$62K	10x	as long as short
MEXC BNB_USDT	+0.0055%	8h	788.00	+0.104%	$81.1M	$11.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0055%	8h	787.23	+0.006%	$489.2M	$821.6M	75x	as long as short
Phemex BNBUSDT	+0.0077%	8h	787.01	−0.022%	$68.8M	$51.3M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.63	−0.070%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	787.73	+0.070%	$169K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.35	−0.105%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.45	+0.034%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.68	−0.064%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.60	−0.074%	$138.4M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.60	−0.074%	$53.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	−0.061%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.75	−0.055%	$38.3M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.33	−0.108%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.39	−0.100%	$76.4M	$31.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.80	−0.048%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	−0.023%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	787.76	+0.073%	$4.1M	$76.2M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	787.25	+0.009%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.65	−0.067%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.66	−0.066%	$264K	$430K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.62	−0.071%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.67	−0.064%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.80	−0.048%	$387K	$974K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.86	−0.040%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.00	−0.023%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.39	−0.100%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.72	−0.059%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	786.37	−0.103%	$556K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0114%	8h	787.10	−0.010%	$171K	$2.7M	4.8x	as long as short
BloFin BNB-USDTlong	+0.0175%	8h	787.18	long leg	$17.7M	$2.2M	75x
Bulk BNB-USD	+0.0210%	1h	786.98	−0.025%	$638K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0225%	8h	787.62	+0.056%	$2.9M	$28.7M	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	787.06	−0.015%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.10	−0.010%	$1.5M	$145K	25x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.55	−0.081%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	787.05	−0.017%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	786.91	−0.034%	$67K	$39K	12x	as long as short