Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Arcus against OKX+0.038%7-day average +0.124% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.061%+$6 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now +0.038%, 7d avg +0.124%

Together, before fees+0.145%+$15 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: Arcus is 0.086% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.124%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	798.90	0.0100	pay 0.0100% / 8h	7h 15m	$54.2M	$111.0M	50x
Short	Arcus BNB-USD	799.20	0.0100	get 0.0013% / 1h	15m 34s	$53K	$133K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.124%: −$8.64
Slippage, 4 orders: −$16.68
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$39.81
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Arcus: live order book, 57 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 OKX live order book, 3 min ago	0.63 bp	5.6 bp −$6	7.4 bp −$74	18.8 bp −$1,881	doesn't fit
Sell Arcus live order book, 57 min ago	6.26 bp	9.5 bp −$9	24.2 bp −$242	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 −0.0159% / S +0.0335%	1h	798.65	−0.032%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.89	−0.001%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.55	+0.081%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0002%	8h	798.85	−0.006%	$35.9M	$56.9M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.67	−0.029%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.64	+0.093%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0005%	8h	798.43	−0.059%	$4.1M	$5.0M	—	as long as short
BingX BNB-USDT	+0.0007%	8h	799.20	+0.038%	—	$35.0M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.65	−0.031%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0023%	8h	799.53	+0.079%	$69.8M	$50.2M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.775%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0037%	8h	798.96	+0.008%	$138.7M	$76.3M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.021%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0052%	8h	799.36	+0.058%	$6.1M	$19.4M	200x	as long as short
MEXC BNB_USDT	+0.0074%	8h	800.20	+0.163%	$83.2M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0075%	8h	799.66	+0.095%	$496.5M	$811.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.00	+0.012%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.98	+0.010%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.50	−0.050%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.21	+0.038%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	798.90	long leg	$54.2M	$111.0M	50x
Arcus BNB-USDshort	+0.0100%	1h	799.20	+0.038%	$53K	$133K	10x
KuCoin BNBUSDTM	+0.0100%	8h	799.00	+0.013%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.86	−0.005%	$78.2M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.56	−0.042%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.57	−0.041%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.11	+0.026%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.73	−0.021%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.86	−0.005%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.43	+0.066%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.90	0.000%	$393K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.45	−0.057%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.81	+0.114%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.78	−0.015%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.82	−0.010%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.138%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.17	+0.033%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	799.30	+0.050%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	798.84	−0.008%	$18.1M	$2.6M	75x	as long as short
dYdX BNB-USD	+0.0196%	1h	798.51	−0.049%	$161K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	799.33	+0.054%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0288%	1h	798.98	+0.010%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0294%	1h	799.99	+0.136%	$53.2M	$20.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.24	+0.043%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.81	−0.011%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0427%	1h	799.61	+0.089%	$2.7M	$5.7M	40x	as long as short