Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.004%

Price spread now: Arcus against MEXC−0.075%7-day average −0.077% · 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−$31as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on MEXC Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.075%, 7d avg −0.077%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.077%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.083%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	803.70	0.0122	pay 0.0122% / 8h	54m 01s	$83.6M	$13.5M	200x
Short	Arcus BNB-USD	803.10	0.0100	get 0.0013% / 1h	54m 01s	$53K	$133K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against MEXC. 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 MEXCbpFee ArcusbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$4.62
Price spread: −0.075% → −0.077%: $0.19
Slippage, 4 orders: −$22.56
Fee MEXC: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$35.49
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; Arcus: live order book, 24 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 MEXC live order book, 10 min ago	0.62 bp	2.6 bp −$3	6.2 bp −$62	25.0 bp −$2,503	44.0 bp −$22.0K
Sell Arcus live order book, 24 min ago	5.61 bp	12.4 bp −$12	24.5 bp −$245	doesn't fit	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 −0.0201% / S +0.0372%	1h	802.65	−0.130%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.20	−0.062%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.80	−0.112%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.50	−0.150%	$3.0M	$28.2M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.25	−0.056%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.61	−0.135%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	801.64	−0.256%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0053%	8h	802.57	−0.141%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	802.30	−0.174%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.371%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	803.10	−0.075%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.40	−0.162%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.93	−0.096%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.40	−0.162%	$54.8M	$113.7M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	803.10	−0.075%	$53K	$133K	10x
Gate BNB_USDT	+0.0100%	8h	802.45	−0.156%	$35.8M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.61	−0.136%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.30	−0.174%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.60	−0.137%	$4.2M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.61	−0.136%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.67	−0.128%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.74	−0.119%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.91	−0.098%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.21	−0.061%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.90	−0.100%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.29	−0.051%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0103%	8h	803.36	−0.042%	$6.4M	$18.9M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.30	−0.174%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.06	−0.079%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	803.38	−0.040%	$70.2M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	802.20	−0.187%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDTlong	+0.0122%	8h	803.70	long leg	$83.6M	$13.5M	200x
Binance BNBUSDT	+0.0124%	8h	803.35	−0.044%	$502.5M	$818.4M	75x	as long as short
Phoenix BNB	+0.0155%	1h	802.36	−0.167%	$172K	$36K	10x	as long as short
SoDEX BNB-USD	+0.0234%	1h	802.90	−0.100%	$395K	$1.0M	10x	as long as short
BloFin BNB-USDT	+0.0243%	8h	803.22	−0.060%	$18.2M	$2.6M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.63	−0.133%	$71K	$49K	12x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.92	−0.097%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.317%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	803.21	−0.061%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.173%	$19K	$789K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0314%	1h	803.58	−0.015%	$2.7M	$5.7M	40x	as long as short
Hyperliquid BNB	+0.0315%	1h	803.50	−0.025%	$52.0M	$21.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.25	−0.180%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	803.81	+0.014%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0497%	1h	802.23	−0.183%	$162K	$62K	10x	as long as short