Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX0.000%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days−0.017%−$2 · spread now 0.000%, 7d avg −0.022%

Together, before fees−0.011%−$1 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: Bitget is 0.022% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	793.60	0.0100	pay 0.0100% / 8h	6h 31m	$53.2M	$110.5M	50x
Short	Bitget BNBUSDT	793.60	0.0100	get 0.0100% / 8h	6h 31m	$77.3M	$28.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.022%: $2.21
Slippage, 4 orders: −$3.14
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$22.93
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 3 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	6.8 bp −$68	17.8 bp −$1,775	doesn't fit
Sell Bitget live order book, 3 min ago	0.06 bp	6.6 bp −$7	11.8 bp −$118	22.2 bp −$2,216	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	794.00	+0.050%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	793.86	+0.033%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.96	+0.045%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	794.76	+0.146%	$859K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.73	+0.016%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0021%	8h	792.33	−0.160%	$4.0M	$4.9M	—	as long as short
Gate BNB_USDT	+0.0029%	8h	793.60	0.000%	$35.4M	$55.8M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.448%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	794.39	+0.100%	$6.1M	$19.7M	200x	as long as short
GRVT BNB_USDT_Perp	+0.0044%	8h	793.45	−0.019%	$3.0M	$28.8M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDT	+0.0048%	8h	793.90	+0.038%	—	$34.9M	—	as long as short
Phemex BNBUSDT	+0.0054%	8h	794.45	+0.107%	$69.5M	$50.7M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.306%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	794.50	+0.113%	$82.4M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	794.41	+0.102%	$494.2M	$811.9M	75x	as long as short
dYdX BNB-USD	+0.0064%	1h	793.98	+0.048%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	793.37	−0.029%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.87	+0.033%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.64	+0.005%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.35	−0.032%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	794.22	+0.078%	$52.0M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	793.88	+0.035%	$1.2M	$926K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	793.70	+0.013%	$138.4M	$76.2M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	793.60	long leg	$53.2M	$110.5M	50x
Arcus BNB-USD	+0.0100%	1h	793.90	+0.038%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.61	+0.001%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	793.60	0.000%	$77.3M	$28.3M	75x
edgeX BNBUSDC	+0.0100%	4h	793.22	−0.048%	$4.1M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.21	−0.049%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.72	+0.015%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	794.15	+0.069%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.60	+0.126%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	794.10	+0.063%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	793.11	−0.062%	$8.1M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.90	+0.037%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.29	−0.039%	$1.7M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	794.03	+0.054%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.85	+0.031%	$1.1M	$1.3M	20x	as long as short
Kalshi KXBNBPERP	+0.0161%	8h	793.90	+0.038%	$111K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	−0.126%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	794.30	+0.088%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	793.51	−0.011%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0397%	1h	794.38	+0.098%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	794.48	+0.110%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	794.41	+0.102%	$68K	$38K	12x	as long as short