Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.009%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.009%, 7d avg −0.006%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	786.57	0.0100	pay 0.0100% / 8h	2h 35m	$27.5M	$10.2M	75x
Short	OKX BNB-USDT-SWAP	786.50	0.0100	get 0.0100% / 8h	2h 35m	$53.4M	$112.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.006%: −$0.29
Slippage, 4 orders: −$10.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.59
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; OKX: 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	0.44 bp	10.4 bp −$10	20.6 bp −$206	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.64 bp	5.6 bp −$6	7.5 bp −$75	19.9 bp −$1,992	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	786.72	+0.020%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.07	+0.064%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	786.68	+0.014%	$848K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.83	+0.033%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	787.42	+0.108%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.355%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0041%	8h	786.72	+0.019%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0045%	8h	787.23	+0.084%	$68.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	787.70	+0.144%	$79.8M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	787.30	+0.093%	$490.1M	$808.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.66	+0.012%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.23	−0.043%	$576K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.83	+0.034%	$2.7M	$3.8M	20x	as long as short
dYdX BNB-USD	+0.0099%	1h	786.41	−0.020%	$159K	$61K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.90	+0.042%	$265K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.70	+0.017%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.35	+0.099%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.04	+0.060%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.60	+0.004%	$138.2M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	786.50	−0.009%	$53.4M	$112.3M	50x
Arcus BNB-USD	+0.0100%	1h	786.80	+0.029%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.80	+0.029%	$36.3M	$58.4M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	786.57	long leg	$27.5M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	786.55	−0.003%	$76.1M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.59	+0.003%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.03	−0.069%	$4.0M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	−0.040%	$4.1M	$75.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.54	−0.004%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.69	+0.015%	$131K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.07	+0.063%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.53	+0.122%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.00	+0.055%	$387K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.53	−0.005%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.96	+0.050%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.54	−0.004%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.93	+0.046%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.44	−0.017%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0144%	8h	786.90	+0.042%	$141K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0173%	8h	787.24	+0.085%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	786.66	+0.011%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	−0.043%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	787.16	+0.075%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.31	+0.095%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	786.61	+0.005%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.95	+0.048%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	786.12	−0.058%	$67K	$39K	12x	as long as short