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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.037%
Price spread now: BloFin against Extended+0.169%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$230.230% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.185%+$19 on $10k
Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.169%, 7d avg +0.143%
Together, before fees+0.095%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.026% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.143%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BNB-USD798.320.0104pay 0.0013% / 1h12m 58s$1.8M$6.0M50x
ShortBloFin BNB-USDT799.670.0194get 0.0194% / 8h7h 12m$18.1M$2.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$18.97
Price spread: +0.169% → +0.143%
$2.6
Slippage, 4 orders
−$6.04
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$1.47
Costs to cover
0.230%
Break-even
7.5 days
Slippage from Extended: live order book, 1 min ago; BloFin: live order book, 6 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, 1 min ago0.06 bp7.7 bp −$88.9 bp −$89doesn't fitdoesn't fit
Sell BloFin live order book, 6 min ago0.19 bp6.6 bp −$77.7 bp −$7712.3 bp −$1,226doesn'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 −0.0159% / S +0.0335%1h799.02+0.088%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.95+0.079%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h799.50+0.148%$4K$23925xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.73+0.176%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h800.28+0.245%$865K$2.9M30xas long as short
Variational Omni BNB+0.0005%8h798.43+0.013%$4.1M$5.0Mas long as short
Gate BNB_USDT+0.0007%8h798.60+0.035%$35.9M$56.9M75xas long as short
BingX BNB-USDT+0.0007%8h798.79+0.059%$35.0Mas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.11+0.099%$9.7M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.848%$19K$789K30xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0040%8h799.58+0.158%$69.8M$50.1M50xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07+0.094%$615K$1.1M50xas long as short
Bybit BNBUSDT+0.0052%8h798.44+0.015%$138.6M$76.1M75xas long as short
Aster BNBUSDT+0.0053%8h799.31+0.123%$6.1M$19.4M200xas long as short
MEXC BNB_USDT+0.0074%8h799.70+0.173%$83.2M$13.7M200xas long as short
Binance BNBUSDT+0.0074%8h799.15+0.104%$496.4M$810.9M75xas long as short
Lighter BNB+0.0096%1h799.04+0.090%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h800.04+0.215%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h799.15+0.104%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.58+0.158%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.50+0.022%$54.2M$110.9M50xas long as short
Arcus BNB-USD+0.0100%1h799.50+0.148%$53K$127K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.51+0.024%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.71+0.049%$78.2M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h799.52+0.150%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.37+0.131%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.92+0.075%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.16+0.105%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h799.21+0.112%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.67+0.168%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h799.10+0.097%$393K$996K10xas long as short
HTX BNB-USDT+0.0100%8h798.64+0.039%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.93+0.201%$78K$18K50xas long as short
Extended BNB-USDlong+0.0104%1h798.32long leg$1.8M$6.0M50x
Aevo BNB-PERP+0.0104%1h799.12+0.100%$384K$110K10xas long as short
Bulk BNB-USD+0.0138%1h797.80−0.065%$648K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h799.20+0.110%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0161%8h799.60+0.160%$90K$2.8M4.8xas long as short
BloFin BNB-USDTshort+0.0194%8h799.67+0.169%$18.1M$2.5M75x
dYdX BNB-USD+0.0195%1h799.16+0.105%$161K$63K10xas long as short
01 Exchange BNBUSD+0.0200%1h799.42+0.137%$28K$1K10xas long as short
Hyperliquid BNB+0.0291%1h799.33+0.126%$53.1M$20.3M10xas long as short
Hibachi BNB/USDT-P+0.0296%1h799.40+0.135%$68K$38K12xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h799.53+0.151%$1.6M$161K25xas long as short
Reya BNBRUSDPERP+0.0330%1h798.71+0.048%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0429%1h799.68+0.170%$2.7M$5.7M40xas long as short