Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h −0.003%

Price spread now: SoDEX against MEXC−0.099%7-day average −0.157% · 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−$11as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on MEXC Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$2 on $10k

Price spread, last 3 days (all we have)−0.272%−$27 · spread now −0.099%, 7d avg −0.157%

Together, before fees−0.247%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.058% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.157%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	805.70	0.0114	pay 0.0114% / 8h	2h 09m	$84.6M	$13.7M	200x
Short	SoDEX BNB-USD	804.90	0.0196	get 0.0025% / 1h	9m 56s	$396K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $17.26
Price spread: −0.099% → −0.157%: $5.76
Slippage, 4 orders: −$5.05
Fee MEXC: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $5.97
Costs to cover: 0.171%
Break-even: 4.6 days

Slippage from MEXC: live order book, 9 min ago; SoDEX: 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 MEXC live order book, 9 min ago	0.62 bp	3.8 bp −$4	6.5 bp −$65	23.9 bp −$2,385	41.9 bp −$21.0K
Sell SoDEX live order book, 4 min ago	0.62 bp	4.6 bp −$5	8.6 bp −$86	74.2 bp −$7,417	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 −0.0195% / S +0.0371%	1h	804.88	−0.102%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.14	−0.070%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.48	−0.027%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.90	+0.025%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.97	−0.091%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.00	−0.087%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.99	−0.088%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	804.63	−0.133%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0055%	8h	805.02	−0.084%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	804.60	−0.137%	$139.6M	$81.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.15	−0.068%	$608K	$881K	50x	as long as short
Lighter BNB	+0.0096%	1h	805.09	−0.075%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	805.49	−0.026%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.90	−0.099%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.50	−0.025%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.70	−0.124%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.40	−0.037%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.80	−0.112%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.79	−0.113%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.54	−0.144%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.79	+0.136%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.36	+0.082%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.96	−0.092%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.00	−0.087%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.99	−0.089%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.63	−0.008%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.38	−0.039%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.30	−0.049%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.95	+0.031%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.56	−0.141%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.12	−0.072%	$387K	$40K	10x	as long as short
MEXC BNB_USDTlong	+0.0114%	8h	805.70	long leg	$84.6M	$13.7M	200x
Binance BNBUSDT	+0.0115%	8h	805.51	−0.024%	$520.6M	$806.1M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	−0.010%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0134%	8h	805.52	−0.022%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USDshort	+0.0196%	1h	804.90	−0.099%	$396K	$1.0M	10x
RISEx BNB/USDC	+0.0209%	1h	805.26	−0.054%	$1.1M	$1.5M	20x	as long as short
Hyperliquid BNB	+0.0210%	1h	805.46	−0.030%	$51.9M	$22.0M	10x	as long as short
BloFin BNB-USDT	+0.0234%	8h	805.45	−0.031%	$18.9M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0245%	1h	804.86	−0.104%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	805.00	−0.087%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	−0.041%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.70	−0.125%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.87	+0.021%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.101%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0651%	1h	805.87	+0.021%	$3.0M	$5.5M	40x	as long as short