Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.094%

Price spread now: dYdX against MEXC−0.076%7-day average −0.176% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

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

costs, in and out, $10k−$460.462% of the position

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.482%+$48 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now −0.076%, 7d avg −0.176%

Together, before fees+0.383%+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and dYdX is 0.100% dearer against MEXC than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.176%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	803.50	0.0124	pay 0.0124% / 8h	49m 35s	$83.5M	$13.5M	200x
Short	dYdX BNB-USD	802.89	0.0469	get 0.0059% / 1h	49m 35s	$162K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $72.43
Price spread: −0.076% → −0.176%: $9.97
Slippage, 4 orders: −$32.2
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: $36.2
Costs to cover: 0.462%
Break-even: 3.5 days

Slippage from MEXC: live order book, 4 min ago; dYdX: live order book, 29 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, 4 min ago	0.62 bp	2.6 bp −$3	4.6 bp −$46	24.6 bp −$2,457	43.2 bp −$21.6K
Sell dYdX live order book, 29 min ago	14.76 bp	20.0 bp −$20	46.2 bp −$462	63.2 bp −$6,320	126.0 bp −$63.0K

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	802.50	−0.124%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.96	−0.067%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.44	−0.132%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.04	−0.057%	$3.0M	$28.1M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.42	−0.010%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.55	−0.118%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0029%	8h	802.05	−0.180%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0053%	8h	802.72	−0.097%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0064%	8h	802.30	−0.149%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.346%	$607K	$996K	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	802.87	−0.078%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.45	−0.131%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.93	−0.071%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.30	−0.149%	$54.8M	$113.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.00	−0.062%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.50	−0.124%	$35.9M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.56	−0.117%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.40	−0.137%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.14	−0.045%	$4.2M	$77.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.26	−0.030%	$162K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.73	−0.096%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.54	−0.119%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.70	−0.100%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.16	−0.042%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.65	−0.105%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.24	−0.032%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0104%	8h	803.40	−0.013%	$6.3M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.10	−0.174%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.83	−0.083%	$386K	$40K	10x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	803.20	−0.037%	$109K	$2.9M	4.8x	as long as short
Phemex BNBUSDT	+0.0115%	8h	803.05	−0.056%	$70.2M	$51.0M	50x	as long as short
MEXC BNB_USDTlong	+0.0124%	8h	803.50	long leg	$83.5M	$13.5M	200x
Binance BNBUSDT	+0.0125%	8h	803.18	−0.040%	$502.3M	$818.0M	75x	as long as short
Phoenix BNB	+0.0127%	1h	803.21	−0.036%	$173K	$36K	10x	as long as short
SoDEX BNB-USD	+0.0161%	1h	802.60	−0.112%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	802.93	−0.071%	$1.6M	$165K	25x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	802.77	−0.091%	$71K	$49K	12x	as long as short
BloFin BNB-USDT	+0.0245%	8h	803.43	−0.009%	$18.2M	$2.6M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.77	−0.090%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0265%	1h	803.50	0.000%	$52.0M	$21.4M	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.198%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.010%	$653K	$20K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0325%	1h	803.25	−0.031%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.28	−0.152%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0392%	1h	803.31	−0.024%	$28K	$1K	10x	as long as short
dYdX BNB-USDshort	+0.0469%	1h	802.89	−0.076%	$162K	$62K	10x