Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.004%

Price spread now: Bybit against Extended+0.016%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.016%, 7d avg +0.023%

Together, before fees−0.132%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BNB-USD	805.96	0.0104	pay 0.0013% / 1h	54m 55s	$1.9M	$5.9M	50x
Short	Bybit BNBUSDT	806.09	0.0080	get 0.0080% / 8h	1h 54m	$139.5M	$82.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$4.98
Price spread: +0.016% → +0.023%: −$0.72
Slippage, 4 orders: −$4.56
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.26
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Bybit: 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, 4 min ago	0.06 bp	3.2 bp −$3	4.2 bp −$42	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.62 bp	7.0 bp −$7	9.3 bp −$93	24.0 bp −$2,397	144.2 bp −$72.1K

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	806.12	+0.019%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.51	+0.068%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.83	−0.141%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.30	+0.042%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.39	−0.195%	$869K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.17	+0.026%	$9.8M	—	150x	as long as short
Hibachi BNB/USDT-P	+0.0016%	1h	805.66	−0.038%	$71K	$48K	12x	as long as short
Variational Omni BNB	+0.0044%	8h	805.28	−0.085%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0056%	8h	806.43	+0.058%	—	$34.5M	—	as long as short
Bybit BNBUSDTshort	+0.0080%	8h	806.09	+0.016%	$139.5M	$82.0M	75x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	806.68	+0.089%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.76	−0.025%	$608K	$882K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.57	−0.049%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.05	+0.011%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.20	+0.029%	$55.2M	$116.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.20	+0.029%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	806.30	+0.042%	$36.2M	$57.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.22	+0.032%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.98	+0.002%	$79.1M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.99	−0.121%	$4.2M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.61	−0.168%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.22	+0.032%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.12	+0.019%	$390K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.30	+0.042%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.55	+0.073%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	806.58	+0.076%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.18	+0.027%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.54	+0.072%	$79K	$19K	50x	as long as short
Aster BNBUSDT	+0.0102%	8h	807.04	+0.133%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USDlong	+0.0104%	1h	805.96	long leg	$1.9M	$5.9M	50x
Aevo BNB-PERP	+0.0104%	1h	806.34	+0.046%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	807.30	+0.166%	$84.7M	$13.3M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	806.91	+0.117%	$521.0M	$805.9M	75x	as long as short
Hyperliquid BNB	+0.0124%	1h	807.12	+0.143%	$51.9M	$22.0M	10x	as long as short
Phoenix BNB	+0.0125%	1h	805.95	−0.002%	$173K	$35K	10x	as long as short
dYdX BNB-USD	+0.0133%	1h	805.79	−0.022%	$162K	$63K	10x	as long as short
Phemex BNBUSDT	+0.0139%	8h	807.08	+0.138%	$70.4M	$51.9M	50x	as long as short
SoDEX BNB-USD	+0.0202%	1h	806.20	+0.029%	$397K	$1.0M	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	806.17	+0.025%	$2.5M	$932K	50x	as long as short
BloFin BNB-USDT	+0.0237%	8h	806.74	+0.096%	$18.8M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0273%	1h	805.26	−0.087%	$650K	$14K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.109%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.14	+0.021%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	806.01	+0.006%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	807.11	+0.142%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0714%	1h	807.53	+0.194%	$3.0M	$5.5M	40x	as long as short