Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Bitget against Bybit+0.005%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.005%, 7d avg −0.015%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.020% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	793.86	0.0100	pay 0.0100% / 8h	6h 32m	$138.5M	$76.2M	75x
Short	Bitget BNBUSDT	793.90	0.0100	get 0.0100% / 8h	6h 32m	$77.3M	$28.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → −0.015%: $2.01
Slippage, 4 orders: −$3.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.51
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 1 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 Bybit live order book, 1 min ago	0.63 bp	6.1 bp −$6	7.1 bp −$71	21.1 bp −$2,108	134.6 bp −$67.3K
Sell Bitget live order book, 1 min ago	0.06 bp	6.6 bp −$7	11.8 bp −$118	22.2 bp −$2,216	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	792.91	−0.120%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.78	−0.136%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.90	+0.005%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	793.56	−0.038%	$858K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.87	−0.125%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0021%	8h	792.33	−0.193%	$4.0M	$4.9M	—	as long as short
Gate BNB_USDT	+0.0026%	8h	793.80	−0.008%	$35.4M	$55.8M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.415%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	794.37	+0.064%	$6.1M	$19.8M	200x	as long as short
GRVT BNB_USDT_Perp	+0.0045%	8h	793.31	−0.070%	$3.0M	$28.8M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDC	+0.0049%	8h	794.02	+0.020%	—	$13.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.339%	$607K	$1.1M	50x	as long as short
dYdX BNB-USD	+0.0063%	1h	793.27	−0.074%	$160K	$63K	10x	as long as short
MEXC BNB_USDT	+0.0063%	8h	794.50	+0.081%	$82.4M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	794.59	+0.092%	$494.4M	$812.8M	75x	as long as short
Phemex BNBUSDT	+0.0067%	8h	793.38	−0.060%	$69.4M	$50.7M	50x	as long as short
Phoenix BNB	+0.0088%	1h	792.22	−0.207%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	794.00	+0.018%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.04	−0.103%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.30	−0.071%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	794.56	+0.088%	$52.1M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	794.05	+0.024%	$1.2M	$926K	20x	as long as short
Bybit BNBUSDTlong	+0.0100%	8h	793.86	long leg	$138.5M	$76.2M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	793.80	−0.008%	$53.2M	$110.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	794.10	+0.030%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.64	−0.028%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	793.90	+0.005%	$77.3M	$28.3M	75x
edgeX BNBUSDC	+0.0100%	4h	793.22	−0.081%	$4.1M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.21	−0.082%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.04	+0.023%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.10	−0.095%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.60	−0.033%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.10	−0.096%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.54	−0.166%	$8.1M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	794.11	+0.032%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.50	−0.046%	$1.7M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	792.93	−0.117%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	794.12	+0.033%	$1.1M	$1.3M	20x	as long as short
Kalshi KXBNBPERP	+0.0163%	8h	793.50	−0.045%	$111K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	−0.159%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	794.57	+0.089%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	793.81	−0.006%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0395%	1h	793.78	−0.010%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	793.43	−0.054%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	793.29	−0.071%	$68K	$38K	12x	as long as short