Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.007%

Price spread now: BingX against Derive−0.016%7-day average — · you buy dearer than you sell

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

Long on Derive Short on BingX

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

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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	805.26	0.0100	pay 0.0013% / 1h	51m 19s	$32K	$5K	10x
Short	BingX BNB-USDC	805.13	0.0056	get 0.0056% / 8h	1h 51m	—	$13.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$9.24
Price spread: −0.016% → 0.000%: −$1.59
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$26.83
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; BingX: live order book, 2 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 BingX live order book, 2 min ago	0.31 bp	7.3 bp −$7	9.6 bp −$96	17.6 bp −$1,761	63.2 bp −$31.6K

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	804.97	−0.036%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.32	+0.008%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	806.78	+0.189%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.60	+0.042%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	805.28	+0.003%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.01	−0.031%	$9.8M	—	150x	as long as short
Hibachi BNB/USDT-P	+0.0040%	1h	805.13	−0.016%	$71K	$48K	12x	as long as short
Variational Omni BNB	+0.0044%	8h	805.28	+0.003%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDCshort	+0.0056%	8h	805.13	−0.016%	—	$13.3M	—
Bybit BNBUSDT	+0.0083%	8h	804.54	−0.089%	$139.3M	$82.0M	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	805.26	0.000%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.76	+0.062%	$608K	$882K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.45	−0.101%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.12	−0.017%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.70	−0.069%	$55.1M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.20	−0.007%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.70	−0.069%	$36.2M	$57.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.69	−0.071%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.56	−0.087%	$78.7M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.71	+0.056%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.60	+0.042%	$162K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.65	−0.076%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.98	−0.035%	$389K	$592K	50x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	805.26	long leg	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	805.23	−0.004%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.83	−0.053%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.53	+0.034%	$79K	$19K	50x	as long as short
Aster BNBUSDT	+0.0101%	8h	805.57	+0.039%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	804.64	−0.077%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.08	−0.023%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0117%	8h	806.00	+0.092%	$84.6M	$13.3M	200x	as long as short
Binance BNBUSDT	+0.0118%	8h	805.59	+0.041%	$520.5M	$805.6M	75x	as long as short
Phemex BNBUSDT	+0.0137%	8h	805.59	+0.041%	$70.3M	$51.9M	50x	as long as short
Hyperliquid BNB	+0.0141%	1h	805.31	+0.007%	$51.8M	$22.0M	10x	as long as short
SoDEX BNB-USD	+0.0151%	1h	805.00	−0.032%	$396K	$1.0M	10x	as long as short
Phoenix BNB	+0.0155%	1h	805.39	+0.016%	$173K	$35K	10x	as long as short
dYdX BNB-USD	+0.0166%	1h	805.13	−0.016%	$162K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.12	−0.018%	$2.5M	$932K	50x	as long as short
BloFin BNB-USDT	+0.0238%	8h	805.41	+0.019%	$18.8M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0274%	1h	805.55	+0.036%	$651K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	805.48	+0.027%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.021%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	805.05	−0.026%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	804.28	−0.122%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.56	+0.037%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0716%	1h	806.12	+0.107%	$3.0M	$5.5M	40x	as long as short