Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h +0.035%

Price spread now: Hibachi against BloFin+0.078%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.279%+$28 on $10k

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

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hibachi is 0.078% dearer against BloFin than usual: you sell high and buy low (spread +0.078% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.279%, 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	802.00	0.0238	pay 0.0238% / 8h	1h 18m	$18.3M	$2.5M	75x
Short	Hibachi BNB/USDT-P	802.63	0.0176	get 0.0022% / 1h	18m 55s	$71K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.078%Rate

Funding earned: −$13.08
Price spread: +0.078% → 0.000%: $7.84
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$26.24
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; Hibachi: 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 BloFin live order book, 5 min ago	0.06 bp	6.1 bp −$6	6.9 bp −$69	14.1 bp −$1,415	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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 −0.0201% / S +0.0372%	1h	801.49	−0.063%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.91	−0.011%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.84	+0.105%	$3.0M	$29.6M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	801.70	−0.037%	$158K	$2.9M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.75	+0.094%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.45	−0.069%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0038%	8h	801.85	−0.019%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0062%	8h	801.56	−0.055%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0074%	8h	800.73	−0.158%	$139.4M	$81.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	801.60	−0.050%	$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	801.17	−0.103%	$610K	$998K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.24	−0.094%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.50	−0.063%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.00	−0.125%	$54.7M	$115.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.70	−0.037%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.00	−0.125%	$35.8M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.17	−0.103%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.86	−0.142%	$81.0M	$26.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.01	+0.127%	$4.2M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.69	+0.086%	$162K	$443K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.29	−0.089%	$121K	$878K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.28	−0.090%	$387K	$568K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.48	−0.065%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.80	−0.025%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	801.40	−0.075%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.38	−0.078%	$8.2M	$7.9M	75x	as long as short
Aster BNBUSDT	+0.0100%	8h	801.95	−0.006%	$6.3M	$19.0M	200x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.93	−0.009%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.79	−0.151%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.51	−0.061%	$385K	$40K	10x	as long as short
Binance BNBUSDT	+0.0118%	8h	801.80	−0.025%	$503.8M	$821.6M	75x	as long as short
MEXC BNB_USDT	+0.0119%	8h	802.30	+0.037%	$83.4M	$13.8M	200x	as long as short
Phemex BNBUSDT	+0.0121%	8h	801.80	−0.025%	$70.1M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	802.83	+0.103%	$173K	$35K	10x	as long as short
Hibachi BNB/USDT-Pshort	+0.0176%	1h	802.63	+0.078%	$71K	$48K	12x
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.76	−0.030%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	801.20	−0.100%	$2.6M	$977K	50x	as long as short
BloFin BNB-USDTlong	+0.0238%	8h	802.00	long leg	$18.3M	$2.5M	75x
dYdX BNB-USD	+0.0276%	1h	801.29	−0.088%	$162K	$62K	10x	as long as short
Hyperliquid BNB	+0.0309%	1h	802.15	+0.019%	$51.9M	$21.9M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.385%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0314%	1h	802.70	+0.087%	$652K	$21K	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	801.52	−0.060%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	802.02	+0.002%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	801.12	−0.110%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0603%	1h	802.05	+0.006%	$2.7M	$5.7M	40x	as long as short