Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.005%

Price spread now: Paradex against Coinbase International+0.017%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	789.09	0.0048	pay 0.0006% / 1h	37m 58s	$618K	$1.8M	50x
Short	Paradex BNB-USD-PERP	789.22	0.0103	get 0.0103% / 8h	5h 37m	$77K	$17K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.017%Rate

Funding earned: $11.6
Price spread: +0.017% → 0.000%: $1.71
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.69
Costs to cover: 0.140%
Break-even: 7.4 days

Slippage unknown: Coinbase International: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 1 min ago	2.60 bp	9.4 bp −$9	14.5 bp −$145	doesn't fit	doesn't fit
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.

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	788.14	−0.120%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.89	−0.025%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.21	+0.015%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.17	−0.117%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.028%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0042%	8h	788.58	−0.065%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0048%	1h	789.09	long leg	$618K	$1.8M	50x
BingX BNB-USDC	+0.0057%	8h	788.27	−0.104%	—	$13.3M	—	as long as short
Phemex BNBUSDT	+0.0072%	8h	788.62	−0.060%	$69.1M	$51.0M	50x	as long as short
MEXC BNB_USDT	+0.0074%	8h	789.00	−0.011%	$80.2M	$12.4M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0075%	8h	788.62	−0.059%	$493.1M	$805.3M	75x	as long as short
Variational Omni BNB	+0.0086%	8h	787.60	−0.189%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	787.98	−0.141%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.31	−0.099%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.20	−0.113%	$265K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.05	−0.132%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.63	−0.058%	$51.7M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.71	−0.048%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.00	−0.138%	$138.6M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.10	−0.125%	$53.4M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.70	−0.049%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.95	−0.144%	$35.2M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.99	−0.139%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.98	−0.141%	$76.8M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.28	−0.103%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.57	−0.066%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.87	−0.028%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.02	−0.136%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.42	−0.084%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.70	−0.050%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.18	−0.115%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0103%	8h	789.22	+0.017%	$77K	$17K	50x
Extended BNB-USD	+0.0104%	1h	787.89	−0.153%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.20	−0.112%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	789.13	+0.005%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0132%	8h	789.50	+0.052%	$2.9M	$28.2M	10x	as long as short
SoDEX BNB-USD	+0.0144%	1h	788.30	−0.100%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0187%	8h	789.00	−0.011%	$96K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	788.79	−0.038%	$18.1M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0238%	1h	788.16	−0.118%	$159K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.65	−0.055%	$1.5M	$147K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	789.02	−0.009%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	787.90	−0.151%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.82	−0.034%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0373%	1h	788.05	−0.131%	$638K	$13K	10x	as long as short
Hibachi BNB/USDT-P	+0.0584%	1h	788.74	−0.044%	$67K	$38K	12x	as long as short