Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: edgeX against Derive+0.042%74s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.042% dearer against Derive than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	803.17	0.0100	pay 0.0013% / 1h	38m 04s	$32K	$5K	10x
Short	edgeX BNBUSDC	803.51	0.0100	get 0.0050% / 4h	2h 38m	$4.2M	$76.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → 0.000%: $4.25
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$10.75
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; edgeX: live order book, 1 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 edgeX live order book, 1 min ago	2.49 bp	7.0 bp −$7	7.0 bp −$70	10.4 bp −$1,039	doesn't fit

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	803.00	−0.021%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.88	−0.036%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.28	+0.014%	$3.0M	$29.7M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.70	+0.066%	$113K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.58	+0.051%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.03	−0.017%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.11	−0.007%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0055%	8h	802.35	−0.101%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0062%	8h	803.35	+0.023%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	803.00	−0.021%	$138.8M	$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
Aster BNBUSDT	+0.0086%	8h	803.58	+0.051%	$6.4M	$18.8M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.102%	$608K	$878K	50x	as long as short
Lighter BNB	+0.0096%	1h	803.24	+0.010%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.34	−0.103%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.67	−0.062%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.50	+0.041%	$55.1M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.80	−0.046%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	803.00	−0.021%	$35.9M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.79	−0.047%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.37	+0.025%	$79.0M	$24.5M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	803.51	+0.042%	$4.2M	$76.8M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	803.43	+0.033%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.58	−0.073%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.07	−0.012%	$388K	$593K	50x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	803.17	long leg	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	803.69	+0.065%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.55	−0.077%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.23	+0.008%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0103%	8h	804.20	+0.129%	$84.4M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0103%	8h	804.13	+0.120%	$518.6M	$803.2M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	803.31	+0.018%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.28	+0.014%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0121%	8h	803.69	+0.065%	$70.1M	$51.7M	50x	as long as short
SoDEX BNB-USD	+0.0124%	1h	803.10	−0.008%	$395K	$1.0M	10x	as long as short
Phoenix BNB	+0.0125%	1h	803.50	+0.041%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0151%	1h	803.76	+0.074%	$51.6M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0194%	1h	803.61	+0.055%	$649K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	803.56	+0.049%	$1.6M	$165K	25x	as long as short
RISEx BNB/USDC	+0.0209%	1h	802.93	−0.029%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0223%	8h	802.88	−0.036%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	802.85	−0.039%	$71K	$49K	12x	as long as short
dYdX BNB-USD	+0.0259%	1h	802.24	−0.115%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.37	+0.025%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	802.56	−0.075%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.218%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0678%	1h	804.17	+0.125%	$3.0M	$5.3M	40x	as long as short