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+0.0118%/8h= +13.0% APRnext payment +$0.15 per $10,000 · paid last 24h +0.008%
Price spread now: 01 Exchange 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 feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and 01 Exchange is 0.131% dearer against Bulk than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BNB-USD803.610.0194pay 0.0024% / 1h36m 58s$649K$11K10x
Short01 Exchange BNBUSD804.660.0312get 0.0039% / 1h36m 58s$28K$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$24.86
Price spread: +0.131% → 0.000%
$13.07
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$23.93
Costs to cover
0.140%
Break-even
0.3 days
Slippage unknown: Bulk: live order book, 52 min ago; 01 Exchange: 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, 52 min ago0.31 bp3.8 bp −$44.4 bp −$447.8 bp −$78021.5 bp −$10.8K
Sell 01 Exchange no order-book sample
01 Exchange: 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%1h803.65+0.005%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h802.88−0.091%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.28−0.041%$3.0M$29.7M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.10+0.061%$113K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.40−0.026%$868K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.65+0.005%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.610.000%$2.5M$908K50xas long as short
Variational Omni BNB+0.0055%8h802.35−0.156%$4.0M$5.4Mas long as short
BingX BNB-USDC+0.0062%8h803.23−0.047%$13.3Mas long as short
Bybit BNBUSDT+0.0079%8h802.90−0.088%$139.3M$82.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0087%8h803.81+0.025%$6.4M$18.8M200xas long as short
Coinbase International BNB-PERP-INTX+0.0088%1h803.99+0.047%$608K$878K50xas long as short
Lighter BNB+0.0096%1h803.82+0.026%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.55−0.007%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h803.83+0.027%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.20−0.051%$55.1M$115.4M50xas long as short
Arcus BNB-USD+0.0100%1h803.90+0.036%$52K$161K10xas long as short
Gate BNB_USDT+0.0100%8h803.40−0.026%$35.9M$58.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.42−0.024%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h802.74−0.108%$79.0M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h803.02−0.073%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.43−0.022%$158K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.69+0.010%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.74+0.016%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.80+0.023%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.34+0.091%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h804.10+0.061%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h803.04−0.070%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.44+0.104%$79K$19K50xas long as short
MEXC BNB_USDT+0.0103%8h804.10+0.061%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0103%8h803.78+0.021%$518.4M$803.1M75xas long as short
Extended BNB-USD+0.0104%1h802.92−0.086%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h803.89+0.035%$386K$40K10xas long as short
Phemex BNBUSDT+0.0122%8h804.15+0.067%$70.1M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.30−0.039%$173K$35K10xas long as short
SoDEX BNB-USD+0.0127%1h803.70+0.011%$395K$1.0M10xas long as short
Hyperliquid BNB+0.0149%1h804.21+0.075%$51.7M$21.3M10xas long as short
Bulk BNB-USDlong+0.0194%1h803.61long leg$649K$11K10x
RISEx BNB/USDC+0.0209%1h804.04+0.054%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0223%8h804.26+0.081%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h802.90−0.089%$71K$48K12xas long as short
dYdX BNB-USD+0.0268%1h803.57−0.005%$170K$55K10xas long as short
01 Exchange BNBUSDshort+0.0312%1h804.66+0.131%$28K$1K10x
Reya BNBRUSDPERP+0.0334%1h803.45−0.019%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.163%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0675%1h804.57+0.119%$3.0M$5.3M40xas long as short