Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.002%

Price spread now: MEXC against edgeX+0.089%7-day average +0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days+0.059%+$6 · spread now +0.089%, 7d avg +0.138%

Together, before fees−0.002%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.049% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.138%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BNBUSDC	786.30	0.0100	pay 0.0050% / 4h	1h 36m	$4.1M	$75.9M	30x
Short	MEXC BNB_USDT	787.00	0.0064	get 0.0064% / 8h	1h 36m	$81.0M	$12.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$7.56
Price spread: +0.089% → +0.138%: −$4.88
Slippage, 4 orders: −$6.81
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$32.25
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago	1.91 bp	6.4 bp −$6	6.4 bp −$64	10.5 bp −$1,045	doesn't fit
Sell MEXC live order book, 2 min ago	0.63 bp	4.4 bp −$4	8.1 bp −$81	20.2 bp −$2,023	35.4 bp −$17.7K

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 −0.0170% / S +0.0337%	1h	786.02	−0.036%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.49	+0.024%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	786.63	+0.042%	$848K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.91	−0.050%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.390%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0049%	8h	786.50	+0.025%	$6.0M	$18.9M	200x	as long as short
BingX BNB-USDT	+0.0052%	8h	786.04	−0.033%	—	$22.3M	—	as long as short
MEXC BNB_USDTshort	+0.0064%	8h	787.00	+0.089%	$81.0M	$12.0M	200x
Binance BNBUSDT	+0.0064%	8h	786.35	+0.006%	$489.9M	$814.8M	75x	as long as short
dYdX BNB-USD	+0.0065%	1h	785.68	−0.079%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	786.61	+0.039%	$68.8M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.88	+0.074%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.03	−0.035%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.00	−0.038%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.44	+0.018%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.37	+0.009%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.72	−0.074%	$138.3M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.70	−0.076%	$53.4M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.30	0.000%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.90	−0.051%	$37.2M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.63	−0.085%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.68	−0.079%	$76.1M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.35	+0.006%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−0.049%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDClong	+0.0100%	4h	786.30	long leg	$4.1M	$75.9M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	786.60	+0.038%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.98	−0.041%	$131K	$949K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.14	−0.021%	$264K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.14	−0.021%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.53	+0.030%	$13K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.30	0.000%	$387K	$983K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.25	−0.007%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.64	+0.043%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.56	−0.095%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.13	−0.022%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0135%	1h	786.77	+0.060%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0137%	8h	786.60	+0.038%	$171K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0184%	8h	786.49	+0.024%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.55	+0.032%	$1.5M	$143K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	785.95	−0.044%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	787.18	+0.112%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	786.67	+0.047%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0305%	1h	787.08	+0.100%	$638K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	785.81	−0.063%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.40	+0.012%	$1.1M	$914K	20x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	786.12	−0.023%	$67K	$39K	12x	as long as short