Funding arb · Price arb / Crypto

BNB

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LONGExtended▾Hyperliquid −0.1529%Lighter −0.1264%Reya −0.1157%Injective −0.1070%Polymarket Perps −0.0933%Avantis −0.0723%Arcus −0.0700%Aftermath Perps −0.0571%GMX −0.0569%Bybit −0.0559%Variational Omni −0.0505%Nado −0.0466%Paradex −0.0465%RISEx −0.0424%Extended −0.0344%Phoenix −0.0224%KuCoin −0.0200%N1 −0.0192%OKX −0.0182%Hibachi −0.0168%Deribit −0.0100%Pacifica −0.0052%Aster 0.0000%dYdX 0.0000%Binance 0.0000%MEXC 0.0000%GRVT 0.0000%Kalshi 0.0000%StandX 0.0000%Phemex 0.0000%Gate +0.0001%Backpack +0.0011%Orderly +0.0016%gTrade (Gains Network) +0.0035%Kraken Futures +0.0043%AZverse +0.0050%Bitget +0.0100%BingX +0.0100%edgeX +0.0100%ApeX Omni +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%TxFlow +0.0100%Aevo +0.0104%BloFin +0.0120%

⇄⇅

SHORTPopdex▾BloFin +0.0120%Aevo +0.0104%Bitget +0.0100%BingX +0.0100%edgeX +0.0100%ApeX Omni +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%TxFlow +0.0100%Popdex +0.0096%AZverse +0.0050%Kraken Futures +0.0043%Orderly +0.0016%Backpack +0.0011%Gate +0.0001%Aster 0.0000%dYdX 0.0000%Binance 0.0000%MEXC 0.0000%GRVT 0.0000%Kalshi 0.0000%StandX 0.0000%Phemex 0.0000%gTrade (Gains Network) +0.0021%Pacifica −0.0052%Deribit −0.0100%Hibachi −0.0168%OKX −0.0182%N1 −0.0192%KuCoin −0.0200%Phoenix −0.0224%GMX +0.0366%RISEx −0.0424%Paradex −0.0465%Nado −0.0466%Variational Omni −0.0505%Bybit −0.0559%Aftermath Perps −0.0571%Arcus −0.0700%Avantis +0.0815%Polymarket Perps −0.0933%Injective −0.1070%Reya −0.1157%Lighter −0.1264%Hyperliquid −0.1529%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ExtendedBNB-USD	702.62	−0.0344	get 0.0043% / 1h	56m 34s	$2.2M	$14.0M	50x	Long Extended10% off
SHORT	PopdexBNBUSDT	704.50	+0.0096	get 0.0012% / 1h	56m 34s	$186K	$1.1M	50x	Short Popdex

Price gap+0.267%

Funding gap+0.0440% /8h

Both sides work: funding pays +$13 a day on $10k, and the gap is 0.089% above its 7d average: +$9 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.036% in total, about +0.0017%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.267%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

ExtendedPopdex

BNB on 47 exchanges

lowest funding first

Before you open

5 ok · 1 to watch

• ✓
  OK: Fits both order books3.2 / 5.3 bp

  Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
• i
  Note: Margin at max leverage$200 + $200

  Extended 50x, Popdex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Extended · 1h+$10.32

  Short Popdex · 1h+$2.88

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$13.20Long Extended: 24 payments, +$10.32; short Popdex: 24 payments, +$2.88.
• ✓
  OK: Entry gap works for you+0.267% vs +0.178%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Short leg is thinner$186K vs $2.2M OI

  Popdex sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legExtended points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legExtended No · Popdex No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0017%/8h × 21 periods+$3.63

Price spread+0.267% → +0.178% (7d avg)+$8.94

Slippage, 4 orderslive order books−$5.43

Fee Extended bp × 2 orders−$5.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$4.26

Costs to cover0.168%Break-even15.2 days

Slippage: Extended: live order book, 1 min ago; Popdex: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGExtended0.283.2 bp−$34.2 bp−$42doesn’t fitdoesn’t fit

SELL · SHORTPopdex2.135.3 bp−$526.7 bp−$267doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

BNB news

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