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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.010%
Price spread now: Binance against Extended+0.201%7-day average +0.137% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$190.185% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.049%−$5 on $10k
Price spread, last 7 days−0.114%−$11 · spread now +0.201%, 7d avg +0.137%
Together, before fees−0.164%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.064% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.137%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BNB-USD803.240.0104pay 0.0013% / 1h55m 19s$1.9M$6.1M50x
ShortBinance BNBUSDT804.860.0102get 0.0102% / 8h2h 55m$519.3M$807.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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
−$0.38
Price spread: +0.201% → +0.137%
$6.43
Slippage, 4 orders
−$3.51
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$12.46
Costs to cover
0.185%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; Binance: 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 Extended live order book, 4 min ago0.06 bp4.2 bp −$45.7 bp −$57doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago0.06 bp5.5 bp −$57.8 bp −$7815.6 bp −$1,561doesn'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 −0.0195% / S +0.0371%1h804.24+0.124%$49K200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.18+0.117%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.31+0.133%$3.0M$30.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.10+0.107%$110K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.78+0.067%$869K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.21+0.120%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.66+0.052%$2.5M$915K50xas long as short
Variational Omni BNB+0.0068%8h803.35+0.013%$4.1M$5.3Mas long as short
Aster BNBUSDT+0.0087%8h804.22+0.121%$6.4M$18.9M200xas long as short
Coinbase International BNB-PERP-INTX+0.0088%1h805.24+0.249%$609K$899K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h803.74+0.062%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.34+0.012%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h803.81+0.070%$1.2M$923K20xas long as short
Bybit BNBUSDT+0.0100%8h803.80+0.069%$139.2M$83.3M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.20+0.119%$55.0M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h803.90+0.082%$52K$191K10xas long as short
Gate BNB_USDT+0.0100%8h803.95+0.088%$36.0M$58.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.95+0.088%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.67+0.053%$79.1M$24.6M75xas long as short
edgeX BNBUSDC+0.0100%4h804.49+0.156%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.95+0.088%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.02+0.097%$118K$869K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h804.35+0.138%$389K$595K50xas long as short
Derive BNB-PERP+0.0100%1h803.67+0.053%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.52+0.159%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h803.70+0.057%$395K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h803.53+0.036%$8.2M$7.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.31+0.133%$78K$19K50xas long as short
MEXC BNB_USDT+0.0101%8h805.20+0.244%$84.5M$13.5M200xas long as short
BingX BNB-USDC+0.0102%8h804.29+0.130%$13.3Mas long as short
Binance BNBUSDTshort+0.0102%8h804.86+0.201%$519.3M$807.3M75x
Extended BNB-USDlong+0.0104%1h803.24long leg$1.9M$6.1M50x
Aevo BNB-PERP+0.0104%1h804.49+0.156%$386K$40K10xas long as short
Phoenix BNB+0.0110%1h805.11+0.232%$173K$35K10xas long as short
Phemex BNBUSDT+0.0115%8h804.18+0.117%$70.2M$51.8M50xas long as short
Bulk BNB-USD+0.0140%1h805.09+0.229%$650K$11K10xas long as short
dYdX BNB-USD+0.0207%1h803.19−0.006%$170K$55K10xas long as short
RISEx BNB/USDC+0.0209%1h804.10+0.106%$1.1M$1.4M20xas long as short
Hyperliquid BNB+0.0215%1h804.84+0.199%$51.7M$21.4M10xas long as short
BloFin BNB-USDT+0.0222%8h804.51+0.158%$18.9M$3.0M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h803.60+0.044%$71K$48K12xas long as short
01 Exchange BNBUSD+0.0288%1h804.35+0.138%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h804.07+0.103%$1.6M$161K25xas long as short
Reya BNBRUSDPERP+0.0335%1h803.85+0.076%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.209%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0653%1h804.61+0.170%$3.0M$5.3M40xas long as short