Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0048%/8h= −5.3% APRnext payment $0.06 per $10,000 · paid last 24h +0.065%
Price spread now: Hibachi against Deribit−0.015%50s7-day average · you buy dearer than you sell
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 7 days+0.324%+$32 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: 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: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.324%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BNB_USDC-PERPETUAL801.350.0200pay 0.0025% / 1h29m 32s$1.6M$165K25x
ShortHibachi BNB/USDT-P801.230.0152get 0.0019% / 1h29m 32s$71K$48K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Deribit. 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
−$10.08
Price spread: −0.015% → 0.000%
−$1.53
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$27.61
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Deribit: live order book, 4 min ago; Hibachi: 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 Deribit live order book, 4 min ago3.42 bp6.9 bp −$713.4 bp −$134doesn't fitdoesn't fit
Sell Hibachi no order-book sample
Hibachi: 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 −0.0201% / S +0.0372%1h800.91−0.055%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h801.22−0.016%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h801.73+0.047%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h801.50+0.019%$158K$2.8M4.8xas long as short
StandX BNB-USD0.0000%1h802.20+0.106%$867K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h801.46+0.013%$9.7M150xas long as short
Variational Omni BNB+0.0040%8h800.85−0.062%$4.1M$5.3Mas long as short
BingX BNB-USDT+0.0067%8h801.45+0.012%$35.0Mas long as short
Bybit BNBUSDT+0.0081%8h800.80−0.069%$139.5M$83.0M75xas long as short
Lighter BNB+0.0096%1h801.54+0.024%$2.8M$4.2M20xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0096%1h801.19−0.020%$610K$1.0M50xas long as short
Aster BNBUSDT+0.0099%8h801.78+0.054%$6.4M$19.3M200xas long as short
Nado BNB-PERP+0.0100%1h801.07−0.035%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h801.68+0.041%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h801.00−0.044%$54.9M$117.4M50xas long as short
Arcus BNB-USD+0.0100%1h801.90+0.069%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h801.350.000%$35.8M$58.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h801.30−0.006%$28.0M$10.6M75xas long as short
Bitget BNBUSDT+0.0100%8h801.18−0.021%$81.0M$26.8M75xas long as short
edgeX BNBUSDC+0.0100%4h802.78+0.179%$4.2M$77.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h802.46+0.138%$161K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h801.33−0.003%$121K$880K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h800.91−0.055%$387K$592K50xas long as short
Derive BNB-PERP+0.0100%1h801.14−0.027%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h801.57+0.027%$12K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h801.56+0.026%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h801.93+0.072%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h801.18−0.021%$1.8M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h801.11−0.030%$385K$40K10xas long as short
MEXC BNB_USDT+0.0118%8h802.50+0.143%$83.4M$13.8M200xas long as short
Binance BNBUSDT+0.0119%8h802.04+0.086%$504.1M$829.4M75xas long as short
Phemex BNBUSDT+0.0130%8h801.50+0.019%$70.0M$51.7M50xas long as short
SoDEX BNB-USD+0.0131%1h801.10−0.031%$394K$1.0M10xas long as short
Hibachi BNB/USDT-Pshort+0.0152%1h801.23−0.015%$71K$48K12x
Phoenix BNB+0.0155%1h801.68+0.041%$172K$35K10xas long as short
dYdX BNB-USD+0.0166%1h801.39+0.005%$162K$62K10xas long as short
Deribit BNB_USDC-PERPETUALlong+0.0200%1h801.35long leg$1.6M$165K25x
Kraken Futures PF_BNBUSD+0.0206%1h801.11−0.030%$2.6M$983K50xas long as short
BloFin BNB-USDT+0.0239%8h801.60+0.031%$18.8M$2.6M75xas long as short
Hyperliquid BNB+0.0275%1h802.28+0.116%$51.9M$22.3M10xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09+0.467%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h801.74+0.048%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h801.12−0.028%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0336%1h802.25+0.112%$28K$1K10xas long as short
Bulk BNB-USD+0.0354%1h801.59+0.029%$651K$21K10xas long as short
Backpack BNB_USDC_PERP+0.0665%1h801.91+0.070%$3.0M$5.5M40xas long as short