Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.058%

Price spread now: Bulk against KuCoin+0.111%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on KuCoin Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.227%+$23 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.111%, 7d avg +0.110%

Together, before fees+0.250%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.110%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	804.48	0.0100	pay 0.0100% / 8h	2h 01m	$28.2M	$10.5M	75x
Short	Bulk BNB-USD	805.37	0.0258	get 0.0032% / 1h	1m 54s	$651K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against KuCoin. 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 KuCoinbpFee BulkbpOrdersPrice spread, now +0.111%Rate

Funding earned: $33.15
Price spread: +0.111% → +0.110%: $0.03
Slippage, 4 orders: −$7.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $6.26
Costs to cover: 0.269%
Break-even: 5.7 days

Slippage from KuCoin: live order book, 7 min ago; Bulk: live order book, 22 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 KuCoin live order book, 7 min ago	0.68 bp	10.8 bp −$11	23.0 bp −$230	doesn't fit	doesn't fit
Sell Bulk live order book, 22 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	7.4 bp −$741	16.5 bp −$8,254

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	804.57	+0.012%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.26	+0.097%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.57	+0.011%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.30	+0.102%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.74	+0.032%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.62	+0.017%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.71	+0.029%	$2.5M	$928K	50x	as long as short
Variational Omni BNB	+0.0048%	8h	803.61	−0.108%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0056%	8h	804.65	+0.021%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	804.20	−0.035%	$139.6M	$81.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	804.54	+0.007%	$607K	$881K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.84	+0.045%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0100%	8h	805.20	+0.089%	$6.4M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.36	−0.015%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.92	+0.054%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.40	−0.010%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.00	+0.065%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.45	−0.004%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	804.48	long leg	$28.2M	$10.5M	75x
Bitget BNBUSDT	+0.0100%	8h	804.26	−0.027%	$78.9M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.74	+0.032%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.70	+0.027%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.61	+0.016%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.62	+0.017%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.87	+0.048%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.33	+0.106%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.12	+0.079%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.71	+0.028%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.46	+0.122%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.26	−0.027%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.80	+0.040%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.40	+0.114%	$84.6M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0116%	8h	805.21	+0.091%	$520.0M	$806.3M	75x	as long as short
Phoenix BNB	+0.0125%	1h	804.66	+0.022%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0138%	8h	805.25	+0.096%	$70.3M	$51.9M	50x	as long as short
SoDEX BNB-USD	+0.0191%	1h	804.70	+0.027%	$396K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0194%	1h	805.12	+0.080%	$51.8M	$22.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.97	+0.061%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0229%	1h	804.85	+0.046%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0236%	8h	805.43	+0.118%	$18.9M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	804.97	+0.061%	$71K	$48K	12x	as long as short
Bulk BNB-USDshort	+0.0258%	1h	805.37	+0.111%	$651K	$14K	10x
Reya BNBRUSDPERP	+0.0334%	1h	804.30	−0.022%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.57	+0.135%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	+0.051%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0655%	1h	805.64	+0.144%	$3.0M	$5.5M	40x	as long as short