Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Extended+0.038%7-day average +0.032% · 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−$18as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.038%, 7d avg +0.032%

Together, before fees−0.098%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BNB-USD	785.40	0.0104	pay 0.0013% / 1h	8m 34s	$1.8M	$6.3M	50x
Short	OKX BNB-USDT-SWAP	785.70	0.0100	get 0.0100% / 8h	3h 08m	$53.4M	$111.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$0.84
Price spread: +0.038% → +0.032%: $0.65
Slippage, 4 orders: −$4.13
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$19.32
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; OKX: live order book, 5 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	3.1 bp −$3	5.2 bp −$52	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.63 bp	5.6 bp −$6	7.6 bp −$76	20.8 bp −$2,076	doesn't fit

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 −0.0192% / S +0.0356%	1h	785.53	+0.016%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0125%	1h	785.57	+0.021%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.09	+0.088%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.70	+0.166%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.52	+0.270%	$849K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.63	+0.030%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0021%	8h	786.26	+0.109%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0033%	8h	785.78	+0.048%	—	$22.3M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.507%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0041%	8h	786.70	+0.166%	$79.7M	$12.1M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0041%	8h	786.40	+0.127%	$489.5M	$803.7M	75x	as long as short
Phemex BNBUSDT	+0.0041%	8h	786.11	+0.090%	$68.8M	$50.8M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	788.00	+0.331%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0079%	1h	785.90	+0.064%	$159K	$61K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.74	+0.298%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	785.76	+0.046%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.58	+0.023%	$264K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.30	−0.013%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.47	+0.136%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.05	+0.083%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.60	+0.026%	$138.0M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	785.70	+0.038%	$53.4M	$111.6M	50x
Arcus BNB-USD	+0.0100%	1h	786.00	+0.076%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.65	+0.032%	$36.0M	$58.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.31	−0.011%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.60	+0.026%	$76.0M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.11	+0.090%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	+0.204%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.75	+0.299%	$4.1M	$74.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.52	+0.270%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.64	+0.031%	$131K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.63	+0.029%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.25	+0.109%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.70	+0.038%	$386K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.97	+0.072%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.08	+0.087%	$76K	$17K	50x	as long as short
Extended BNB-USDlong	+0.0104%	1h	785.40	long leg	$1.8M	$6.3M	50x
Aevo BNB-PERP	+0.0104%	1h	785.61	+0.027%	$377K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0161%	8h	786.39	+0.126%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0178%	8h	787.99	+0.330%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0201%	1h	787.88	+0.316%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	786.47	+0.136%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.00	+0.076%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	785.69	+0.037%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0431%	1h	786.02	+0.079%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	785.94	+0.069%	$67K	$39K	12x	as long as short