Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: edgeX against Coinbase International+0.095%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 3 days (all we have)+0.079%+$8 · spread now +0.095%, 7d avg +0.082%

Together, before fees+0.196%+ Points / potential airdropedgeX: Active · farm board+$20 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	805.54	0.0096	pay 0.0012% / 1h	43m 27s	$608K	$881K	50x
Short	edgeX BNBUSDC	806.31	0.0100	get 0.0050% / 4h	1h 43m	$4.2M	$76.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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 Coinbase InternationalbpFee edgeXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $0.84
Price spread: +0.095% → +0.082%: $1.35
Slippage, 4 orders: −$11.34
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$28.15
Costs to cover: 0.303%
Break-even: 241.6 days

Slippage from Coinbase International: live order book, 40 min ago; edgeX: 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 Coinbase International live order book, 40 min ago	2.42 bp	7.5 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	2.48 bp	7.0 bp −$7	7.0 bp −$70	10.4 bp −$1,039	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 −0.0195% / S +0.0371%	1h	805.65	+0.014%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.36	+0.102%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	806.21	+0.083%	$3.0M	$29.2M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.20	+0.082%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	805.76	+0.027%	$871K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.73	+0.023%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0048%	8h	804.97	−0.070%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0059%	8h	805.77	+0.029%	—	$13.3M	—	as long as short
Hibachi BNB/USDT-P	+0.0080%	1h	805.82	+0.035%	$71K	$48K	12x	as long as short
Bybit BNBUSDT	+0.0083%	8h	805.30	−0.030%	$139.5M	$81.3M	75x	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	806.13	+0.074%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0096%	1h	805.54	long leg	$608K	$881K	50x
Nado BNB-PERP	+0.0100%	1h	805.67	+0.016%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.17	+0.078%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.50	−0.005%	$55.1M	$115.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.20	+0.082%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.70	+0.020%	$36.1M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.74	+0.025%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.53	−0.001%	$78.7M	$25.0M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	806.31	+0.095%	$4.2M	$76.6M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	806.49	+0.118%	$162K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.87	+0.041%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.67	+0.016%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.75	+0.026%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.41	+0.109%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.84	+0.038%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.52	+0.121%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.47	−0.008%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.69	+0.019%	$387K	$40K	10x	as long as short
Aster BNBUSDT	+0.0105%	8h	806.56	+0.127%	$6.4M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0120%	8h	807.00	+0.181%	$84.8M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0121%	8h	806.38	+0.104%	$520.9M	$803.4M	75x	as long as short
Phemex BNBUSDT	+0.0132%	8h	806.24	+0.087%	$70.3M	$51.9M	50x	as long as short
Phoenix BNB	+0.0155%	1h	806.22	+0.084%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0185%	1h	805.70	+0.020%	$396K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0186%	1h	806.66	+0.139%	$51.9M	$22.0M	10x	as long as short
dYdX BNB-USD	+0.0203%	1h	805.84	+0.037%	$162K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.68	+0.017%	$2.5M	$929K	50x	as long as short
BloFin BNB-USDT	+0.0239%	8h	806.43	+0.110%	$18.8M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0274%	1h	805.55	+0.001%	$651K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	806.05	+0.063%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.056%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.17	+0.079%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.52	−0.002%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	806.80	+0.156%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0715%	1h	806.68	+0.142%	$3.0M	$5.5M	40x	as long as short