Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: SoDEX against KuCoin−0.006%7-day average +0.031% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.211%−$21 · spread now −0.006%, 7d avg +0.031%

Together, before fees−0.197%−$20 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: SoDEX is 0.037% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	784.55	0.0100	pay 0.0100% / 8h	7h 31m	$27.7M	$10.2M	75x
Short	SoDEX BNB-USD	784.50	0.0100	get 0.0013% / 1h	31m 38s	$386K	$941K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.031%: −$3.72
Slippage, 4 orders: −$11.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$35.63
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; SoDEX: live order book, 12 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	0.45 bp	8.9 bp −$9	20.3 bp −$203	doesn't fit	doesn't fit
Sell SoDEX live order book, 12 min ago	0.64 bp	4.6 bp −$5	8.3 bp −$83	75.7 bp −$7,574	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 −0.0166% / S +0.0337%	1h	784.42	−0.017%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.08	+0.068%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	784.41	−0.018%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.06	+0.192%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	785.43	+0.112%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.41	−0.017%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0020%	8h	784.93	+0.049%	$5.9M	$18.4M	200x	as long as short
BingX BNB-USDT	+0.0031%	8h	784.52	−0.004%	—	$22.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.618%	$19K	$789K	30x	as long as short
Binance BNBUSDT	+0.0037%	8h	784.89	+0.044%	$487.8M	$809.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0037%	8h	786.00	+0.185%	$82.3M	$12.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	784.50	−0.006%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.55	0.000%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.00	+0.057%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.62	+0.009%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.20	−0.045%	$138.1M	$73.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.20	−0.045%	$53.3M	$110.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.60	+0.006%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.35	−0.025%	$39.3M	$55.8M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	784.55	long leg	$27.7M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	783.92	−0.080%	$75.2M	$32.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.84	+0.037%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.32	+0.098%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.91	+0.173%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.17	+0.206%	$158K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.60	+0.006%	$131K	$924K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.43	−0.015%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.63	+0.138%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.11	+0.071%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	784.50	−0.006%	$386K	$941K	10x
HTX BNB-USDT	+0.0100%	8h	784.66	+0.014%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.92	+0.047%	$78K	$37K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	783.95	−0.077%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.37	−0.023%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0110%	8h	785.10	+0.070%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.76	+0.154%	$547K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	785.84	+0.164%	$158K	$38K	10x	as long as short
dYdX BNB-USD	+0.0150%	1h	784.84	+0.037%	$157K	$65K	10x	as long as short
BloFin BNB-USDT	+0.0153%	8h	785.36	+0.103%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.82	+0.034%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0212%	1h	785.97	+0.181%	$637K	$831	10x	as long as short
Phemex BNBUSDT	+0.0230%	8h	785.14	+0.075%	$68.4M	$51.0M	50x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	785.18	+0.080%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	784.15	−0.051%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	784.95	+0.050%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	785.69	+0.146%	$67K	$39K	12x	as long as short