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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0094%/8h= −10.2% APRpaid last 24h −0.058%
Price spread now: Paradex against Bulk+0.131%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
The price spread pays, funding is against you. Paradex is 0.131% dearer against Bulk than usual: you sell high and buy low (spread +0.131% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BNB-USD803.610.0194pay 0.0024% / 1h32m 52s$649K$11K10x
ShortParadex BNB-USD-PERP804.670.0100get 0.0100% / 8h2h 32m$79K$19K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$19.64
Price spread: +0.131% → 0.000%
$13.13
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$17.51
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Bulk: live order book, 56 min ago; Paradex: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 56 min ago0.31 bp3.8 bp −$44.4 bp −$447.8 bp −$78021.5 bp −$10.8K
Sell Paradex no order-book sample
Paradex: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h803.74+0.016%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.42+0.101%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.90+0.036%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.40+0.098%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92+0.039%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.83+0.027%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.87+0.032%$2.5M$908K50xas long as short
Variational Omni BNB+0.0051%8h802.62−0.123%$4.0M$5.3Mas long as short
BingX BNB-USDC+0.0057%8h803.84+0.029%$13.3Mas long as short
Bybit BNBUSDT+0.0076%8h803.30−0.039%$139.3M$82.9M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.19+0.072%$609K$878K50xas long as short
Aster BNBUSDT+0.0089%8h804.39+0.097%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h804.01+0.049%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.70+0.012%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.27+0.082%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.70+0.011%$55.1M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h804.10+0.061%$52K$163K10xas long as short
Gate BNB_USDT+0.0100%8h803.50−0.014%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.58−0.004%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.37−0.030%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.01+0.050%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.17+0.070%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.69+0.010%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.89+0.035%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.98+0.046%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.40+0.098%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h804.29+0.085%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.33+0.089%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERPshort+0.0100%8h804.67+0.131%$79K$19K50x
Extended BNB-USD+0.0104%1h803.38−0.028%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.13+0.064%$386K$40K10xas long as short
MEXC BNB_USDT+0.0105%8h804.80+0.148%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0105%8h804.40+0.098%$518.8M$803.1M75xas long as short
Phemex BNBUSDT+0.0123%8h804.40+0.098%$70.2M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.93+0.040%$173K$35K10xas long as short
SoDEX BNB-USD+0.0152%1h803.90+0.036%$395K$1.0M10xas long as short
Hyperliquid BNB+0.0156%1h804.43+0.102%$51.7M$21.3M10xas long as short
Bulk BNB-USDlong+0.0194%1h803.61long leg$649K$11K10x
RISEx BNB/USDC+0.0209%1h804.17+0.070%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0225%8h804.46+0.106%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h804.08+0.058%$71K$48K12xas long as short
dYdX BNB-USD+0.0260%1h804.28+0.083%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0320%1h804.59+0.122%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.51−0.012%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.163%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0666%1h804.74+0.141%$3.0M$5.4M40xas long as short