Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.045%

Price spread now: Extended against BloFin−0.168%114s7-day average −0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.185% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 3 days (all we have)+0.129%+$13 · spread now −0.168%, 7d avg −0.143%

Together, before fees−0.041%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.026% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.143%). Swap the legs. The two prices were read 114 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	BloFin BNB-USDT	806.92	0.0242	pay 0.0242% / 8h	1h 37m	$18.8M	$2.6M	75x
Short	Extended BNB-USD	805.56	0.0104	get 0.0013% / 1h	37m 21s	$1.9M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$28.97
Price spread: −0.168% → −0.143%: −$2.57
Slippage, 4 orders: −$1.45
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$49.99
Costs to cover: 0.185%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Extended: 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	0.06 bp	6.1 bp −$6	6.5 bp −$65	11.8 bp −$1,182	doesn't fit
Sell Extended live order book, 2 min ago	0.06 bp	3.4 bp −$3	5.2 bp −$52	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 −0.0201% / S +0.0372%	1h	805.95	−0.121%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.63	−0.036%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	806.76	−0.020%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	807.00	+0.010%	$106K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.55	−0.046%	$872K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.90	−0.126%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0044%	8h	806.56	−0.045%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0058%	8h	806.02	−0.112%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	805.60	−0.164%	$139.5M	$81.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	806.41	−0.064%	$2.8M	$4.2M	20x	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	+0.0096%	1h	805.54	−0.171%	$608K	$881K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.85	−0.133%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.35	−0.071%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.80	−0.139%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.60	−0.040%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.90	−0.126%	$36.1M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.58	−0.166%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.46	−0.181%	$78.7M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.06	+0.018%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.65	−0.033%	$162K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.73	−0.147%	$116K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.93	−0.123%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.13	−0.099%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.51	−0.050%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.07	−0.106%	$8.2M	$7.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.77	−0.018%	$79K	$19K	50x	as long as short
Extended BNB-USDshort	+0.0104%	1h	805.56	−0.168%	$1.9M	$6.0M	50x
Hibachi BNB/USDT-P	+0.0104%	1h	806.80	−0.015%	$71K	$48K	12x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.07	−0.105%	$387K	$40K	10x	as long as short
Aster BNBUSDT	+0.0107%	8h	806.75	−0.021%	$6.4M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0122%	8h	806.90	−0.002%	$84.7M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0123%	8h	806.54	−0.047%	$520.7M	$804.1M	75x	as long as short
Phemex BNBUSDT	+0.0135%	8h	806.53	−0.048%	$70.4M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	807.20	+0.035%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0180%	1h	806.10	−0.102%	$397K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0201%	1h	806.57	−0.043%	$163K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.91	−0.125%	$2.5M	$930K	50x	as long as short
Hyperliquid BNB	+0.0232%	1h	806.76	−0.020%	$52.2M	$21.9M	10x	as long as short
BloFin BNB-USDTlong	+0.0242%	8h	806.92	long leg	$18.8M	$2.6M	75x
Bulk BNB-USD	+0.0295%	1h	807.66	+0.092%	$652K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	806.39	−0.066%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.227%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.35	−0.070%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.52	−0.173%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	806.85	−0.009%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0695%	1h	807.41	+0.061%	$3.0M	$5.5M	40x	as long as short