Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h −0.011%

Price spread now: Injective against edgeX+0.483%7-day average −0.418% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.289%−$29 on $10k

Price spread, last 3 days (all we have)−1.076%−$108 · spread now +0.483%, 7d avg −0.418%

Together, before fees−1.365%+ Points / potential airdropedgeX: Active · farm board−$137 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 0.901% dearer against edgeX than usual: you sell high and buy low: +$90 more if the spread goes back to its 7-day average of −0.418%. Mind the row above: over the last 7 days funding on this pair cost −0.289%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BNBUSDC	801.22	0.0100	pay 0.0050% / 4h	1h 13m	$4.2M	$77.6M	30x
Short	Injective BNB/USDC PERP	805.09	0.0311	get 0.0039% / 1h	13m 03s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.483%Rate

Funding earned: $44.25
Price spread: +0.483% → −0.418%: $90.06
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $125.29
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 1 min ago; Injective: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 1 min ago	2.50 bp	7.0 bp −$7	7.0 bp −$70	10.1 bp −$1,010	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0201% / S +0.0372%	1h	799.62	−0.199%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.37	−0.106%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.94	−0.035%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	800.50	−0.090%	$147K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	800.98	−0.030%	$866K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.64	−0.197%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0035%	8h	799.95	−0.159%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0059%	8h	799.81	−0.176%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0068%	8h	799.15	−0.259%	$139.1M	$79.8M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.95	−0.159%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	−0.006%	$610K	$995K	50x	as long as short
Aster BNBUSDT	+0.0096%	8h	800.23	−0.124%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.73	−0.186%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.10	−0.140%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.30	−0.240%	$54.6M	$115.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.00	−0.153%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.35	−0.234%	$35.7M	$58.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.58	−0.205%	$28.0M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.44	−0.222%	$80.8M	$26.6M	75x	as long as short
edgeX BNBUSDClong	+0.0100%	4h	801.22	long leg	$4.2M	$77.6M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	800.94	−0.035%	$161K	$443K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.53	−0.211%	$121K	$876K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.58	−0.205%	$386K	$527K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.77	−0.181%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.17	−0.131%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.80	−0.177%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.88	−0.168%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.60	−0.078%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.20	−0.252%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.64	−0.197%	$384K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	800.50	−0.090%	$83.2M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.21	−0.127%	$502.6M	$817.2M	75x	as long as short
Phemex BNBUSDT	+0.0118%	8h	800.20	−0.128%	$69.9M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	801.63	+0.051%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0192%	1h	800.13	−0.137%	$71K	$48K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.07	−0.144%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.63	−0.199%	$2.6M	$971K	50x	as long as short
BloFin BNB-USDT	+0.0237%	8h	800.61	−0.076%	$18.3M	$2.5M	75x	as long as short
Injective BNB/USDC PERPshort	+0.0311%	1h	805.09	+0.483%	$19K	$789K	30x
Bulk BNB-USD	+0.0314%	1h	802.70	+0.184%	$652K	$21K	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	799.85	−0.171%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0319%	1h	800.58	−0.080%	$51.8M	$21.9M	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.37	−0.106%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0321%	1h	799.94	−0.160%	$161K	$62K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.27	−0.244%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0584%	1h	800.49	−0.091%	$2.7M	$5.7M	40x	as long as short