Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h +0.001%

Price spread now: MEXC against Extended+0.147%7-day average +0.245% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$140.143% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days+0.079%+$8 · spread now +0.147%, 7d avg +0.245%

Together, before fees+0.037%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.098% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.245%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BNB-USD	787.94	0.0104	pay 0.0013% / 1h	48m 09s	$1.8M	$5.9M	50x
Short	MEXC BNB_USDT	789.10	0.0067	get 0.0067% / 8h	4h 48m	$80.1M	$12.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.147%Rate

Funding earned: −$7.77
Price spread: +0.147% → +0.245%: −$9.76
Slippage, 4 orders: −$5.32
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$31.85
Costs to cover: 0.143%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; MEXC: 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 Extended live order book, 6 min ago	0.06 bp	3.0 bp −$3	4.0 bp −$40	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.27 bp	4.2 bp −$4	7.2 bp −$72	15.8 bp −$1,579	30.8 bp −$15.4K

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 −0.0183% / S +0.0348%	1h	788.36	+0.053%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.25	+0.166%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.66	+0.218%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.41	+0.060%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.177%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0042%	8h	788.92	+0.124%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0056%	8h	788.36	+0.053%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.343%	$583K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0067%	8h	788.87	+0.118%	$492.2M	$789.8M	75x	as long as short
MEXC BNB_USDTshort	+0.0067%	8h	789.10	+0.147%	$80.1M	$12.2M	200x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0071%	8h	788.95	+0.128%	$69.1M	$50.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.46	+0.066%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.45	+0.065%	$265K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.45	+0.065%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.97	+0.131%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.75	+0.103%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.04	+0.013%	$138.6M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.10	+0.020%	$53.3M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.00	+0.135%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.25	+0.039%	$35.3M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.15	+0.027%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.04	+0.013%	$76.3M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.87	+0.118%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.11	+0.149%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.98	+0.386%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.75	+0.230%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.43	+0.062%	$133K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.51	+0.073%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.02	+0.137%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.40	+0.058%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.96	+0.129%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.23	+0.163%	$77K	$17K	50x	as long as short
Extended BNB-USDlong	+0.0104%	1h	787.94	long leg	$1.8M	$5.9M	50x
Aevo BNB-PERP	+0.0104%	1h	788.51	+0.072%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0110%	1h	789.06	+0.142%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	790.37	+0.309%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0138%	8h	791.19	+0.413%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0183%	8h	789.20	+0.160%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0188%	8h	789.53	+0.202%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.25	+0.166%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0264%	1h	788.14	+0.026%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.470%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.69	+0.096%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.10	+0.020%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.11	+0.148%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	789.02	+0.137%	$67K	$38K	12x	as long as short