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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.100%
Price spread now: Binance against dYdX+0.132%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$480.479% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.474%−$47 on $10k
Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.132%, 7d avg +0.082%
Together, before fees−0.508%−$51 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.051% dearer against dYdX than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.082%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 33 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BNB-USD797.770.0198pay 0.0025% / 1h17m 27s$161K$63K10x
ShortBinance BNBUSDT798.830.0075get 0.0075% / 8h7h 17m$496.0M$811.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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
−$25.87
Price spread: +0.132% → +0.082%
$5.07
Slippage, 4 orders
−$27.93
Fee dYdX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$68.74
Costs to cover
0.479%
Break-even
never at this rate
Slippage from dYdX: live order book, 57 min ago; Binance: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 57 min ago9.69 bp16.2 bp −$1622.8 bp −$22830.3 bp −$3,03197.5 bp −$48.7K
Sell Binance live order book, 11 min ago0.06 bp5.1 bp −$57.2 bp −$7220.4 bp −$2,042doesn't fit

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 −0.0159% / S +0.0335%1h797.78+0.001%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h797.96+0.024%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.55+0.097%$4K$23925xas long as short
Gate BNB_USDT−0.0003%8h797.95+0.022%$35.9M$56.8M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.85+0.135%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.12+0.169%$864K$2.9M30xas long as short
Variational Omni BNB+0.0004%8h797.72−0.007%$4.1M$5.0Mas long as short
BingX BNB-USDT+0.0007%8h798.20+0.054%$35.0Mas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.02+0.031%$9.7M150xas long as short
Bybit BNBUSDT+0.0022%8h798.02+0.031%$138.6M$76.3M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0030%8h798.80+0.129%$69.8M$50.2M50xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.917%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07+0.163%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0051%8h798.75+0.123%$6.1M$19.4M200xas long as short
Binance BNBUSDTshort+0.0075%8h798.83+0.132%$496.0M$811.6M75x
MEXC BNB_USDT+0.0075%8h799.00+0.154%$83.1M$13.7M200xas long as short
Lighter BNB+0.0096%1h798.45+0.084%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.13+0.170%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.00+0.029%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.44+0.084%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.10+0.041%$54.2M$110.9M50xas long as short
Arcus BNB-USD+0.0100%1h798.50+0.091%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.12+0.044%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h797.80+0.003%$78.1M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h798.91+0.142%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.95+0.148%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.16+0.049%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h797.96+0.024%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.11+0.042%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.58+0.101%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.10+0.041%$392K$997K10xas long as short
HTX BNB-USDT+0.0100%8h797.53−0.030%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.76+0.124%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h797.73−0.005%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h797.98+0.026%$383K$110K10xas long as short
Bulk BNB-USD+0.0138%1h797.80+0.003%$648K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.29+0.066%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0158%8h798.80+0.129%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0196%8h798.72+0.119%$18.1M$2.6M75xas long as short
dYdX BNB-USDlong+0.0198%1h797.77long leg$161K$63K10x
01 Exchange BNBUSD+0.0200%1h798.58+0.101%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h798.41+0.080%$1.6M$161K25xas long as short
Hibachi BNB/USDT-P+0.0280%1h797.79+0.002%$68K$38K12xas long as short
Hyperliquid BNB+0.0293%1h799.06+0.161%$53.1M$20.3M10xas long as short
Reya BNBRUSDPERP+0.0330%1h797.76−0.002%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0424%1h799.12+0.169%$2.7M$5.7M40xas long as short