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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.038%
Price spread now: BloFin against edgeX+0.186%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$270.268% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.166%+$17 on $10k
Price spread, last 3 days (all we have)−0.185%−$18 · spread now +0.186%, 7d avg +0.022%
Together, before fees−0.019%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.164% dearer against edgeX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BNBUSDC792.620.0100pay 0.0050% / 4h2h 50m$4.1M$76.6M30x
ShortBloFin BNB-USDT794.090.0182get 0.0182% / 8h6h 50m$18.1M$2.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$17.29
Price spread: +0.186% → +0.022%
$16.42
Slippage, 4 orders
−$5.8
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
$6.91
Costs to cover
0.268%
Break-even
4.2 days
Slippage from edgeX: live order book, 4 min ago; BloFin: live order book, 4 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 edgeX live order book, 4 min ago2.52 bp7.0 bp −$77.0 bp −$7010.4 bp −$1,039doesn't fit
Sell BloFin live order book, 4 min ago0.06 bp6.1 bp −$66.8 bp −$6816.4 bp −$1,637doesn'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 −0.0161% / S +0.0334%1h793.24+0.079%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0132%1h793.34+0.091%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h793.55+0.118%$4K$23925xas long as short
Gate BNB_USDT−0.0026%8h793.50+0.112%$35.5M$55.2M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h792.87+0.032%$3.0M$28.2M10xas long as short
StandX BNB-USD0.0000%1h793.88+0.159%$858K$3.0M30xas long as short
Variational Omni BNB+0.0006%8h792.93+0.039%$4.1M$5.1Mas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h793.18+0.072%$9.7M150xas long as short
dYdX BNB-USD+0.0031%1h793.28+0.084%$160K$63K10xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.574%$19K$789K30xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0034%8h794.19+0.198%$6.1M$19.9M200xas long as short
BingX BNB-USDT+0.0036%8h793.72+0.139%$35.0Mas long as short
Phemex BNBUSDT+0.0051%8h793.99+0.173%$69.4M$50.3M50xas long as short
Coinbase International BNB-PERP-INTX+0.0056%1h791.39−0.155%$607K$1.1M50xas long as short
MEXC BNB_USDT+0.0062%8h794.30+0.212%$82.3M$12.7M200xas long as short
Binance BNBUSDT+0.0062%8h794.21+0.201%$494.1M$818.6M75xas long as short
Bybit BNBUSDT+0.0064%8h793.60+0.124%$138.1M$77.1M75xas long as short
Phoenix BNB+0.0088%1h792.08−0.068%$170K$36K10xas long as short
Lighter BNB+0.0096%1h793.78+0.147%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h793.32+0.089%$383K$468K50xas long as short
Nado BNB-PERP+0.0100%1h793.35+0.093%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h793.95+0.168%$1.2M$932K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h793.50+0.112%$53.3M$111.2M50xas long as short
Arcus BNB-USD+0.0100%1h793.80+0.149%$52K$134K10xas long as short
KuCoin BNBUSDTM+0.0100%8h793.29+0.085%$27.7M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h793.46+0.106%$77.5M$28.5M75xas long as short
edgeX BNBUSDClong+0.0100%4h792.62long leg$4.1M$76.6M30x
ApeX Omni BNBUSDT+0.0100%1h792.78+0.021%$160K$434K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h793.42+0.101%$112K$889K10xas long as short
Derive BNB-PERP+0.0100%1h793.45+0.105%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h793.74+0.142%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h793.40+0.099%$390K$995K10xas long as short
HTX BNB-USDT+0.0100%8h792.96+0.043%$8.1M$8.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h794.11+0.189%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h793.33+0.090%$1.7M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h793.09+0.060%$381K$110K10xas long as short
Hyperliquid BNB+0.0111%1h794.12+0.190%$52.6M$19.8M10xas long as short
RISEx BNB/USDC+0.0131%1h793.81+0.151%$1.1M$1.4M20xas long as short
Bulk BNB-USD+0.0139%1h794.97+0.297%$646K$10K10xas long as short
Kalshi KXBNBPERP+0.0159%8h793.50+0.112%$106K$2.8M4.8xas long as short
BloFin BNB-USDTshort+0.0182%8h794.09+0.186%$18.1M$2.5M75x
01 Exchange BNBUSD+0.0232%1h794.24+0.205%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h793.81+0.150%$1.6M$161K25xas long as short
Reya BNBRUSDPERP+0.0329%1h793.11+0.062%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0354%1h793.86+0.157%$2.7M$5.7M40xas long as short
Hibachi BNB/USDT-P+0.0440%1h793.18+0.071%$68K$38K12xas long as short