Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.102%

Price spread now: BingX against dYdX+0.009%7-day average +0.018% · 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−$50as in the Price arb table

costs, in and out, $10k−$490.494% of the position

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.452%−$45 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.009%, 7d avg +0.018%

Together, before fees−0.584%−$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	804.28	0.0269	pay 0.0034% / 1h	34m 40s	$170K	$55K	10x
Short	BingX BNB-USDT	804.35	0.0057	get 0.0057% / 8h	2h 34m	—	$34.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee dYdXbpFee BingXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$44.52
Price spread: +0.009% → +0.018%: −$0.97
Slippage, 4 orders: −$29.35
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$94.84
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from dYdX: live order book, 54 min ago; BingX: live order book, 9 min ago.

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 dYdX live order book, 54 min ago	12.60 bp	18.9 bp −$19	39.0 bp −$390	69.5 bp −$6,953	316.5 bp −$158.3K
Sell BingX live order book, 9 min ago	0.13 bp	5.1 bp −$5	5.6 bp −$56	10.9 bp −$1,091	28.9 bp −$14.5K

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	803.47	−0.101%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.57	+0.036%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.19	−0.011%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.80	−0.060%	$111K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.92	−0.045%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.49	−0.098%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.67	−0.076%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0051%	8h	802.62	−0.206%	$4.0M	$5.3M	—	as long as short
BingX BNB-USDTshort	+0.0057%	8h	804.35	+0.009%	—	$34.5M	—
Bybit BNBUSDT	+0.0077%	8h	803.90	−0.047%	$139.4M	$82.8M	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	+0.0087%	8h	804.59	+0.038%	$6.4M	$18.8M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	−0.036%	$608K	$877K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.23	−0.006%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.12	−0.145%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.47	+0.023%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.30	+0.003%	$55.1M	$115.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.30	+0.003%	$52K	$162K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.15	−0.016%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.95	−0.041%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.95	−0.041%	$79.1M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.02	−0.157%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.17	−0.014%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.39	−0.111%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.55	−0.091%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.64	−0.079%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.90	−0.047%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.35	−0.116%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.00	+0.089%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.05	−0.029%	$1.9M	$6.1M	50x	as long as short
MEXC BNB_USDT	+0.0104%	8h	805.30	+0.127%	$84.4M	$13.6M	200x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.69	−0.073%	$386K	$40K	10x	as long as short
Binance BNBUSDT	+0.0105%	8h	804.91	+0.079%	$519.2M	$802.9M	75x	as long as short
Phemex BNBUSDT	+0.0124%	8h	804.15	−0.016%	$70.1M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.30	−0.122%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0140%	1h	803.60	−0.085%	$395K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0151%	1h	804.57	+0.036%	$51.7M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0194%	1h	803.61	−0.083%	$649K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.00	−0.035%	$1.6M	$165K	25x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.54	+0.033%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0225%	8h	804.34	+0.007%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.30	−0.121%	$71K	$48K	12x	as long as short
dYdX BNB-USDlong	+0.0269%	1h	804.28	long leg	$170K	$55K	10x
01 Exchange BNBUSD	+0.0320%	1h	805.08	+0.099%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.30	−0.122%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.080%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0668%	1h	804.78	+0.062%	$3.0M	$5.4M	40x	as long as short