Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin−0.011%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.011%, 7d avg −0.038%

Together, before fees+0.033%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.027% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	795.24	0.0100	pay 0.0100% / 8h	6h 25m	$27.7M	$10.1M	75x
Short	Extended BNB-USD	795.15	0.0104	get 0.0013% / 1h	25m 25s	$1.7M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0.84
Price spread: −0.011% → −0.038%: $2.67
Slippage, 4 orders: −$7.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$21.08
Costs to cover: 0.246%
Break-even: 182.6 days

Slippage from KuCoin: live order book, 9 min ago; Extended: 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 KuCoin live order book, 9 min ago	0.57 bp	7.7 bp −$8	22.0 bp −$220	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.06 bp	4.7 bp −$5	6.2 bp −$62	doesn't fit	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	795.70	+0.058%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	795.82	+0.072%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.89	+0.082%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	796.40	+0.146%	$861K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	795.69	+0.056%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	795.62	+0.048%	$4.1M	$4.8M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.239%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	796.11	+0.109%	$6.1M	$19.7M	200x	as long as short
Phemex BNBUSDT	+0.0040%	8h	796.38	+0.143%	$69.7M	$50.8M	50x	as long as short
Gate BNB_USDT	+0.0048%	8h	795.45	+0.026%	$35.4M	$56.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDT	+0.0050%	8h	795.51	+0.034%	—	$34.9M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.512%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	796.30	+0.133%	$82.7M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	795.93	+0.087%	$495.2M	$810.5M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0064%	8h	795.99	+0.095%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0070%	1h	795.36	+0.016%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	795.80	+0.070%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.58	+0.043%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	795.73	+0.062%	$385K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.30	+0.008%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	796.11	+0.109%	$52.2M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.55	+0.039%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.49	+0.031%	$139.1M	$75.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.30	+0.008%	$53.3M	$110.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.70	+0.058%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	795.24	long leg	$27.7M	$10.1M	75x
Bitget BNBUSDT	+0.0100%	8h	795.67	+0.054%	$77.5M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.83	+0.074%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.74	−0.063%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	795.48	+0.030%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.95	+0.090%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.89	+0.081%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.90	+0.083%	$391K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.94	−0.037%	$8.2M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	796.07	+0.104%	$77K	$17K	50x	as long as short
Extended BNB-USDshort	+0.0104%	1h	795.15	−0.011%	$1.7M	$5.8M	50x
Aevo BNB-PERP	+0.0104%	1h	795.83	+0.074%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	795.75	+0.064%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0158%	8h	795.60	+0.045%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.086%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	796.05	+0.102%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	795.36	+0.015%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0390%	1h	796.34	+0.138%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	796.31	+0.135%	$1.6M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	795.94	+0.088%	$68K	$38K	12x	as long as short