Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC−0.0205%/8h= −22.5% APRpaid last 24h −0.044%
Price spread now: KuCoin against Bulk−0.206%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$300.296% of the position
Long on BulkShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.245%−$25 on $10k
Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.206%, 7d avg −0.112%
Together, before fees−0.152%−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.095% cheaper against Bulk than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.112%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BNB-USD787.080.0305pay 0.0038% / 1h36m 20s$638K$4K10x
ShortKuCoin BNBUSDTM785.460.0100get 0.0100% / 8h1h 36m$27.6M$10.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bulk. 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

Funding earned
−$43.15
Price spread: −0.206% → −0.112%
−$9.48
Slippage, 4 orders
−$10.63
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$82.27
Costs to cover
0.296%
Break-even
never at this rate
Slippage from Bulk: live order book, 8 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 8 min ago0.06 bp3.6 bp −$43.6 bp −$366.7 bp −$67216.0 bp −$8,014
Sell KuCoin live order book, 3 min ago0.45 bp9.1 bp −$916.8 bp −$16848.3 bp −$4,833doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0170% / S +0.0337%1h785.69−0.177%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h786.45−0.081%$4K$4225xas long as short
StandX BNB-USD0.0000%1h786.90−0.023%$849K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h785.72−0.173%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.288%$19K$789K30xas long as short
Aster BNBUSDT+0.0049%8h786.29−0.102%$6.0M$18.9M200xas long as short
BingX BNB-USDT+0.0052%8h785.87−0.154%—$22.3M—as long as short
MEXC BNB_USDT+0.0064%8h786.90−0.023%$81.0M$12.0M200xas long as short
Binance BNBUSDT+0.0064%8h786.20−0.112%$489.8M$814.8M75xas long as short
dYdX BNB-USD+0.0066%1h785.68−0.179%$159K$62K10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0076%8h786.61−0.060%$68.8M$51.0M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h786.88−0.026%$568K$1.9M50xas long as short
Lighter BNB+0.0096%1h786.03−0.134%$2.7M$3.8M20xas long as short
Nado BNB-PERP+0.0100%1h785.75−0.170%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h786.24−0.107%$51.5M$17.6M10xas long as short
Pacifica BNB+0.0100%1h786.13−0.121%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h785.56−0.194%$138.3M$75.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h785.60−0.189%$53.4M$112.9M50xas long as short
Arcus BNB-USD+0.0100%1h786.10−0.125%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h785.70−0.176%$37.2M$58.9M75xas long as short
KuCoin BNBUSDTMshort+0.0100%8h785.46−0.206%$27.6M$10.2M75x
Bitget BNBUSDT+0.0100%8h785.38−0.217%$76.0M$31.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.35−0.093%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h785.91−0.149%$4.0M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h786.30−0.100%$4.1M$75.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h786.60−0.062%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h785.68−0.178%$131K$949K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h785.81−0.162%$264K$470K50xas long as short
Derive BNB-PERP+0.0100%1h786.14−0.120%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h786.53−0.070%$13K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.30−0.100%$387K$983K10xas long as short
HTX BNB-USDT+0.0100%8h786.25−0.107%$8.0M$10.1M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h786.57−0.065%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h785.46−0.207%$1.8M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h786.13−0.121%$378K$110K10xas long as short
Phoenix BNB+0.0135%1h786.77−0.040%$169K$35K10xas long as short
Kalshi KXBNBPERP+0.0137%8h786.60−0.062%$171K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0184%8h786.49−0.076%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h786.55−0.068%$1.5M$143K25xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h785.95−0.144%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0229%8h787.18+0.012%$2.9M$29.5M10xas long as short
01 Exchange BNBUSD+0.0248%1h786.34−0.095%$28K$4K10xas long as short
Bulk BNB-USDlong+0.0305%1h787.08long leg$638K$4K10x
Reya BNBRUSDPERP+0.0322%1h785.31−0.226%$6K$3K40xas long as short
RISEx BNB/USDC+0.0438%1h786.00−0.138%$1.1M$913K20xas long as short
Hibachi BNB/USDT-P+0.0544%1h786.36−0.092%$67K$39K12xas long as short