Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.008%

Price spread now: SoDEX against edgeX−0.404%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on edgeX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$1 on $10k

Price spread, last 3 days (all we have)+0.291%+$29 · spread now −0.404%, 7d avg −0.046%

Together, before fees+0.306%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.358% cheaper against edgeX than usual: you would sell low and buy high (spread −0.404% now, against its 7-day average of −0.046%). If the spread goes back, that is −$36 on $10k: about 21 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.015% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BNBUSDC	805.46	0.0100	pay 0.0050% / 4h	1h 32m	$4.2M	$77.0M	30x
Short	SoDEX BNB-USD	802.20	0.0157	get 0.0020% / 1h	32m 35s	$395K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.404%Rate

Funding earned: $11.96
Price spread: −0.404% → −0.046%: −$35.83
Slippage, 4 orders: −$6.81
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$47.68
Costs to cover: 0.238%
Break-even: 34.9 days

Slippage from edgeX: live order book, 2 min ago; SoDEX: live order book, 1 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	2.49 bp	7.0 bp −$7	7.0 bp −$70	10.3 bp −$1,028	doesn't fit
Sell SoDEX live order book, 1 min ago	0.62 bp	5.2 bp −$5	9.1 bp −$91	85.2 bp −$8,523	doesn't fit

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	802.19	−0.405%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.04	−0.424%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.39	−0.008%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.90	−0.318%	$158K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.96	−0.310%	$868K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.24	−0.400%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0041%	8h	805.56	+0.012%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0067%	8h	801.79	−0.455%	—	$35.0M	—	as long as short
Bybit BNBUSDT	+0.0081%	8h	800.90	−0.566%	$139.6M	$83.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	801.99	−0.431%	$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	799.92	−0.688%	$603K	$963K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.67	−0.470%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.96	−0.434%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.10	−0.541%	$55.0M	$117.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.00	−0.429%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.55	−0.485%	$35.8M	$58.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.50	−0.491%	$28.0M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.22	−0.526%	$81.0M	$26.8M	75x	as long as short
edgeX BNBUSDClong	+0.0100%	4h	805.46	long leg	$4.2M	$77.0M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	805.51	+0.006%	$162K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.36	−0.509%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.11	−0.416%	$388K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.36	−0.384%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.66	−0.347%	$11K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.44	−0.374%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.37	−0.384%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0101%	8h	802.07	−0.421%	$6.4M	$19.3M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.44	−0.499%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.03	−0.302%	$386K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0120%	8h	802.80	−0.330%	$83.4M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0120%	8h	802.06	−0.422%	$517.3M	$828.3M	75x	as long as short
Phemex BNBUSDT	+0.0129%	8h	802.58	−0.357%	$70.1M	$51.7M	50x	as long as short
Hibachi BNB/USDT-P	+0.0144%	1h	802.60	−0.354%	$71K	$48K	12x	as long as short
Phoenix BNB	+0.0155%	1h	804.78	−0.084%	$173K	$35K	10x	as long as short
SoDEX BNB-USDshort	+0.0157%	1h	802.20	−0.404%	$395K	$1.0M	10x
dYdX BNB-USD	+0.0179%	1h	802.20	−0.405%	$162K	$64K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	802.06	−0.422%	$2.6M	$983K	50x	as long as short
BloFin BNB-USDT	+0.0240%	8h	802.70	−0.342%	$18.8M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0250%	1h	802.73	−0.338%	$51.9M	$22.2M	10x	as long as short
Bulk BNB-USD	+0.0295%	1h	807.66	+0.273%	$652K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	802.66	−0.347%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.046%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	801.75	−0.460%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	801.00	−0.553%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	802.24	−0.400%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0677%	1h	803.05	−0.299%	$3.0M	$5.5M	40x	as long as short