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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: Paradex against Derive+0.071%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: 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: Paradex is 0.071% dearer against Derive than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive BNB-PERP802.720.0100pay 0.0013% / 1h54m 38s$32K$5K10x
ShortParadex BNB-USD-PERP803.290.0100get 0.0100% / 8h54m 38s$78K$19K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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

Funding earned
$0
Price spread: +0.071% → 0.000%
$7.14
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$2.85
Costs to cover
0.100%
Break-even
4986.1 days
Slippage unknown: Derive: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample
Sell Paradex no order-book sample
Derive and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h802.44−0.034%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h803.20+0.060%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h802.45−0.034%$2.6M$969K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h802.50−0.027%$3.0M$28.2M10xas long as short
StandX BNB-USD0.0000%1h803.25+0.067%$868K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h802.46−0.031%$9.8M150xas long as short
Variational Omni BNB+0.0031%8h801.64−0.134%$4.2M$5.4Mas long as short
BingX BNB-USDT+0.0053%8h802.67−0.006%$34.8Mas long as short
Bybit BNBUSDT+0.0066%8h802.35−0.046%$139.4M$78.6M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h800.72−0.249%$607K$998K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h802.96+0.031%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h802.40−0.039%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h802.93+0.027%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h802.40−0.039%$54.8M$113.6M50xas long as short
Arcus BNB-USD+0.0100%1h803.10+0.048%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h802.50−0.027%$35.8M$57.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.43−0.036%$28.1M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h802.31−0.051%$79.6M$27.4M75xas long as short
edgeX BNBUSDC+0.0100%4h802.60−0.014%$4.2M$77.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h802.61−0.013%$162K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.39−0.041%$119K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h802.52−0.024%$388K$497K50xas long as short
Derive BNB-PERPlong+0.0100%1h802.72long leg$32K$5K10x
SunX BNB-USDT+0.0100%8h802.97+0.031%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h802.22−0.062%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERPshort+0.0100%8h803.29+0.071%$78K$19K50x
Aster BNBUSDT+0.0103%8h803.36+0.081%$6.4M$18.9M200xas long as short
Extended BNB-USD+0.0104%1h802.23−0.061%$1.9M$6.4M50xas long as short
Aevo BNB-PERP+0.0104%1h802.87+0.019%$386K$40K10xas long as short
Phemex BNBUSDT+0.0115%8h803.02+0.038%$70.2M$51.1M50xas long as short
Kalshi KXBNBPERP+0.0117%8h802.60−0.014%$109K$2.9M4.8xas long as short
MEXC BNB_USDT+0.0122%8h803.50+0.098%$83.6M$13.5M200xas long as short
Binance BNBUSDT+0.0124%8h803.44+0.090%$502.6M$818.3M75xas long as short
Phoenix BNB+0.0155%1h802.36−0.044%$172K$36K10xas long as short
SoDEX BNB-USD+0.0223%1h802.60−0.014%$395K$1.0M10xas long as short
BloFin BNB-USDT+0.0243%8h803.22+0.063%$18.2M$2.6M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h802.25−0.058%$71K$48K12xas long as short
RISEx BNB/USDC+0.0258%1h802.92+0.025%$1.1M$1.4M20xas long as short
Backpack BNB_USDC_PERP+0.0272%1h803.33+0.077%$2.7M$5.7M40xas long as short
Bulk BNB-USD+0.0289%1h801.15−0.195%$651K$20K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h803.01+0.036%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.296%$19K$789K30xas long as short
Hyperliquid BNB+0.0325%1h803.43+0.090%$52.0M$21.3M10xas long as short
Reya BNBRUSDPERP+0.0332%1h802.03−0.086%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0432%1h803.81+0.136%$28K$1K10xas long as short
dYdX BNB-USD+0.0497%1h802.23−0.061%$162K$62K10xas long as short