Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.013%

Price spread now: BingX against edgeX−0.182%85s7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.270% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days+0.152%+$15 · spread now −0.182%, 7d avg −0.058%

Together, before fees+0.106%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BingX is 0.125% cheaper against edgeX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.058%). Swap the legs. The two prices were read 85 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	edgeX BNBUSDC	798.91	0.0100	pay 0.0050% / 4h	3h 18m	$4.2M	$76.7M	30x
Short	BingX BNB-USDC	797.45	−0.0007	pay 0.0007% / 8h	7h 18m	—	$13.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now −0.182%Rate

Funding earned: −$22.47
Price spread: −0.182% → −0.058%: −$12.46
Slippage, 4 orders: −$8.03
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$61.95
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; BingX: live order book, 5 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 edgeX live order book, 1 min ago	1.88 bp	6.4 bp −$6	6.4 bp −$64	9.2 bp −$922	doesn't fit
Sell BingX live order book, 5 min ago	0.31 bp	6.8 bp −$7	9.3 bp −$93	17.9 bp −$1,791	64.7 bp −$32.4K

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 −0.0159% / S +0.0335%	1h	797.78	−0.141%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.96	−0.118%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	797.57	−0.167%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0011%	8h	797.95	−0.120%	$35.9M	$56.8M	75x	as long as short
BingX BNB-USDCshort	−0.0007%	8h	797.45	−0.182%	—	$13.3M	—
GRVT BNB_USDT_Perp	0.0000%	8h	798.85	−0.007%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.12	+0.027%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	−0.149%	$4.1M	$5.0M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.76	−0.144%	$9.7M	—	150x	as long as short
Bybit BNBUSDT	+0.0013%	8h	797.91	−0.125%	$138.6M	$76.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0030%	8h	798.80	−0.013%	$69.8M	$50.2M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.774%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.020%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0053%	8h	797.76	−0.143%	$6.1M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0075%	8h	798.74	−0.021%	$495.9M	$811.7M	75x	as long as short
MEXC BNB_USDT	+0.0076%	8h	798.80	−0.013%	$83.1M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.07	−0.104%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.028%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	796.70	−0.276%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	797.18	−0.217%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.10	−0.101%	$54.1M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	797.40	−0.189%	$52K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.09	−0.102%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.87	−0.130%	$78.1M	$28.1M	75x	as long as short
edgeX BNBUSDClong	+0.0100%	4h	798.91	long leg	$4.2M	$76.7M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	798.95	+0.005%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.26	−0.206%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.96	−0.118%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.11	−0.100%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.58	−0.041%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.10	−0.101%	$392K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.53	−0.172%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	797.64	−0.158%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.64	−0.159%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.98	−0.116%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.139%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.23	−0.210%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0158%	8h	798.80	−0.013%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0196%	8h	798.72	−0.023%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	797.74	−0.146%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.41	−0.062%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0201%	1h	796.94	−0.246%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0272%	1h	798.92	+0.001%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0295%	1h	799.00	+0.012%	$53.1M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.06	−0.231%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0424%	1h	799.12	+0.027%	$2.7M	$5.7M	40x	as long as short