Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.001%

Price spread now: BingX against Extended+0.077%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.077%, 7d avg +0.043%

Together, before fees−0.068%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.033% dearer against Extended than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.043%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.020% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BNB-USD	801.91	0.0104	pay 0.0013% / 1h	38m 53s	$1.9M	$6.1M	50x
Short	BingX BNB-USDC	802.52	0.0062	get 0.0062% / 8h	2h 38m	—	$13.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee ExtendedbpFee BingXbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$8.82
Price spread: +0.077% → +0.043%: $3.3
Slippage, 4 orders: −$5.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$25.9
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; BingX: live order book, 4 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 Extended live order book, 5 min ago	0.06 bp	3.2 bp −$3	4.6 bp −$46	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	0.37 bp	7.9 bp −$8	9.7 bp −$97	19.4 bp −$1,936	62.2 bp −$31.1K

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 −0.0195% / S +0.0371%	1h	802.30	+0.049%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.25	+0.168%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.28	+0.172%	$3.0M	$29.7M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.20	+0.161%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.58	+0.209%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.33	+0.053%	$9.7M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.12	+0.027%	$2.5M	$910K	50x	as long as short
Variational Omni BNB	+0.0055%	8h	802.35	+0.056%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDCshort	+0.0062%	8h	802.52	+0.077%	—	$13.3M	—
Bybit BNBUSDT	+0.0081%	8h	801.90	−0.001%	$138.6M	$82.5M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0087%	8h	802.84	+0.117%	$6.4M	$18.8M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.260%	$608K	$878K	50x	as long as short
Lighter BNB	+0.0096%	1h	802.48	+0.072%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.00	+0.011%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.58	+0.083%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.30	+0.049%	$55.0M	$115.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.60	+0.087%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.15	+0.030%	$35.9M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.03	+0.015%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.89	−0.002%	$78.9M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.51	+0.200%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.43	+0.190%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.12	+0.027%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.37	+0.058%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.45	+0.068%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.92	+0.127%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	802.78	+0.109%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.64	+0.092%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.94	+0.128%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0103%	8h	803.30	+0.174%	$84.3M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0103%	8h	803.11	+0.150%	$517.9M	$803.4M	75x	as long as short
Extended BNB-USDlong	+0.0104%	1h	801.91	long leg	$1.9M	$6.1M	50x
Aevo BNB-PERP	+0.0104%	1h	802.44	+0.067%	$385K	$40K	10x	as long as short
SoDEX BNB-USD	+0.0117%	1h	802.30	+0.049%	$395K	$1.0M	10x	as long as short
Phemex BNBUSDT	+0.0122%	8h	802.86	+0.119%	$70.0M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.50	+0.199%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0149%	1h	802.91	+0.125%	$51.6M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0194%	1h	803.61	+0.212%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	802.55	+0.080%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0223%	8h	802.88	+0.121%	$18.8M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0254%	1h	803.00	+0.136%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	802.85	+0.118%	$71K	$49K	12x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	802.92	+0.126%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	801.86	−0.006%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.376%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0680%	1h	803.34	+0.179%	$3.0M	$5.3M	40x	as long as short