Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.003%

Price spread now: edgeX against Bybit+0.050%51s7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.263% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 7 days+0.036%+$4 · spread now +0.050%, 7d avg +0.079%

Together, before fees+0.146%+ Points / potential airdropedgeX: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.029% cheaper against Bybit than usual: you would sell low and buy high (spread +0.050% now, against its 7-day average of +0.079%). If the spread goes back, that is −$3 on $10k: about 2.9 days of funding at the current rate (+$1 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	802.20	0.0066	pay 0.0066% / 8h	54m 45s	$139.4M	$78.6M	75x
Short	edgeX BNBUSDC	802.60	0.0100	get 0.0050% / 4h	54m 45s	$4.2M	$77.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.050%Rate

Funding earned: $7.09
Price spread: +0.050% → +0.079%: −$2.94
Slippage, 4 orders: −$6.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$22.14
Costs to cover: 0.263%
Break-even: 28.9 days

Slippage from Bybit: live order book, 4 min ago; edgeX: live order book, 4 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, 4 min ago	0.62 bp	7.4 bp −$7	10.1 bp −$101	23.8 bp −$2,376	160.2 bp −$80.1K
Sell edgeX live order book, 4 min ago	1.87 bp	6.4 bp −$6	6.4 bp −$64	9.7 bp −$970	doesn't fit

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	802.44	+0.030%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.80	+0.075%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.45	+0.031%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.50	+0.037%	$3.0M	$28.2M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.15	+0.118%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.46	+0.033%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	801.64	−0.070%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0053%	8h	802.67	+0.059%	—	$34.8M	—	as long as short
Bybit BNBUSDTlong	+0.0066%	8h	802.20	long leg	$139.4M	$78.6M	75x
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.184%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	802.96	+0.095%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.10	−0.012%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.62	+0.052%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.30	+0.012%	$54.8M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.80	+0.075%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.40	+0.025%	$35.8M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.36	+0.020%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.34	+0.017%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	802.60	+0.050%	$4.2M	$77.6M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	802.61	+0.051%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.39	+0.024%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.52	+0.040%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.72	+0.064%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.97	+0.096%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.22	+0.002%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.98	+0.097%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0103%	8h	803.37	+0.146%	$6.4M	$18.9M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.19	−0.001%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.87	+0.083%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0115%	8h	803.02	+0.102%	$70.2M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	802.60	+0.050%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0122%	8h	803.60	+0.175%	$83.6M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0124%	8h	803.27	+0.133%	$502.5M	$818.3M	75x	as long as short
Phoenix BNB	+0.0155%	1h	802.36	+0.020%	$172K	$36K	10x	as long as short
SoDEX BNB-USD	+0.0223%	1h	802.60	+0.050%	$395K	$1.0M	10x	as long as short
BloFin BNB-USDT	+0.0243%	8h	803.22	+0.127%	$18.2M	$2.6M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.25	+0.007%	$71K	$48K	12x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.58	+0.048%	$1.1M	$1.4M	20x	as long as short
Backpack BNB_USDC_PERP	+0.0272%	1h	803.33	+0.141%	$2.7M	$5.7M	40x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.131%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	803.01	+0.100%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.360%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0325%	1h	803.43	+0.154%	$52.0M	$21.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.03	−0.021%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	803.41	+0.151%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0497%	1h	802.23	+0.004%	$162K	$62K	10x	as long as short