Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h +0.016%

Price spread now: Binance against Derive+0.064%7-day average — · you sell dearer than you buy

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

Long on Derive Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.064% dearer against Derive than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	806.33	0.0100	pay 0.0013% / 1h	15m 51s	$32K	$5K	10x
Short	Binance BNBUSDT	806.84	0.0114	get 0.0114% / 8h	2h 15m	$521.3M	$806.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Derive. 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 DerivebpFee BinancebpOrdersPrice spread, now +0.064%Rate

Funding earned: $3.01
Price spread: +0.064% → 0.000%: $6.36
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.63
Costs to cover: 0.160%
Break-even: 22.4 days

Slippage unknown: Derive: no order-book sample; Binance: live order book, 13 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.06 bp	5.1 bp −$5	6.8 bp −$68	17.5 bp −$1,753	45.4 bp −$22.7K

Derive: 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 −0.0195% / S +0.0371%	1h	805.99	−0.042%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.55	+0.027%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.05	+0.089%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.70	+0.046%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.62	+0.036%	$872K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.12	−0.026%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	806.22	−0.013%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0050%	8h	805.91	−0.052%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0054%	8h	806.31	−0.002%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0077%	8h	806.00	−0.041%	$139.9M	$82.5M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	806.90	+0.071%	$610K	$883K	50x	as long as short
Lighter BNB	+0.0096%	1h	806.58	+0.031%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	806.70	+0.046%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.05	−0.035%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.64	+0.039%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.30	−0.004%	$55.2M	$116.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.60	+0.034%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	806.10	−0.028%	$36.1M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.05	−0.035%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.91	−0.052%	$79.1M	$24.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.34	+0.126%	$4.2M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.58	+0.031%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.02	−0.038%	$114K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.13	−0.025%	$390K	$593K	50x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	806.33	long leg	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	806.91	+0.073%	$14K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	806.61	+0.035%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.54	+0.026%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	807.02	+0.086%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.86	−0.058%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.28	−0.006%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0114%	8h	807.10	+0.096%	$84.7M	$13.6M	200x	as long as short
Binance BNBUSDTshort	+0.0114%	8h	806.84	+0.064%	$521.3M	$806.2M	75x
Phoenix BNB	+0.0125%	1h	806.38	+0.006%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0126%	8h	806.71	+0.047%	$70.4M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0201%	1h	806.20	−0.016%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	806.42	+0.012%	$1.2M	$1.5M	20x	as long as short
Hyperliquid BNB	+0.0209%	1h	807.22	+0.111%	$52.4M	$21.6M	10x	as long as short
Bulk BNB-USD	+0.0217%	1h	806.94	+0.076%	$652K	$11K	10x	as long as short
BloFin BNB-USDT	+0.0234%	8h	807.24	+0.113%	$18.8M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0241%	1h	806.40	+0.009%	$171K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	806.68	+0.043%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	805.74	−0.073%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	806.79	+0.057%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.178%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0653%	1h	807.08	+0.093%	$3.0M	$5.5M	40x	as long as short