Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.068%

Price spread now: Hibachi against MEXC−0.119%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.500%+$50 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Funding pays, the price is against you. Hibachi is 0.119% cheaper against MEXC than usual: you would sell low and buy high (spread −0.119% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 6.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.500% in total) that is about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	799.40	0.0112	pay 0.0112% / 8h	25m 12s	$83.0M	$13.5M	200x
Short	Hibachi BNB/USDT-P	798.45	0.0176	get 0.0022% / 1h	25m 12s	$70K	$43K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now −0.119%Rate

Funding earned: $13.44
Price spread: −0.119% → 0.000%: −$11.9
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$11.46
Costs to cover: 0.130%
Break-even: 13.0 days

Slippage unknown: MEXC: live order book, 4 min ago; Hibachi: no order-book sample. Net counts fees only.

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	0.63 bp	2.6 bp −$3	5.3 bp −$53	22.4 bp −$2,237	39.3 bp −$19.6K
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	798.20	−0.150%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.39	−0.126%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	798.34	−0.133%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.10	−0.038%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.15	−0.031%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.20	−0.150%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0013%	8h	798.06	−0.168%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0038%	8h	798.31	−0.136%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0044%	8h	797.91	−0.186%	$138.4M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.061%	$606K	$986K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0090%	8h	798.67	−0.092%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.60	−0.101%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.70	−0.213%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.28	−0.140%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.10	−0.163%	$54.2M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.30	−0.138%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	797.95	−0.181%	$35.7M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.08	−0.165%	$27.9M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.94	−0.183%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.89	+0.061%	$4.2M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.17	+0.096%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.86	−0.193%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.23	−0.146%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.43	−0.121%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.92	−0.060%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.50	−0.113%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.52	−0.110%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.48	−0.115%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.85	−0.193%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.54	−0.107%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	798.93	−0.059%	$69.8M	$50.5M	50x	as long as short
Binance BNBUSDT	+0.0112%	8h	798.87	−0.066%	$498.8M	$817.3M	75x	as long as short
MEXC BNB_USDTlong	+0.0112%	8h	799.40	long leg	$83.0M	$13.5M	200x
Kalshi KXBNBPERP	+0.0122%	8h	798.90	−0.063%	$108K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.12	+0.090%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-Pshort	+0.0176%	1h	798.45	−0.119%	$70K	$43K	12x
Hyperliquid BNB	+0.0185%	1h	798.68	−0.090%	$52.1M	$21.4M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.69	−0.089%	$1.6M	$165K	25x	as long as short
BloFin BNB-USDT	+0.0232%	8h	798.94	−0.058%	$18.2M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.079%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.11	−0.161%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	798.57	−0.104%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.712%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.62	−0.223%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0381%	1h	798.50	−0.112%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0399%	1h	799.14	−0.033%	$2.7M	$5.7M	40x	as long as short