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 −0.009%

Price spread now: Bybit against OKX+0.013%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

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

costs, in and out, $10k−$250.248% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.013%, 7d avg −0.007%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	791.00	0.0100	pay 0.0100% / 8h	4h 28m	$53.5M	$111.4M	50x
Short	Bybit BNBUSDT	791.10	0.0100	get 0.0100% / 8h	4h 28m	$139.1M	$74.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.007%: $1.95
Slippage, 4 orders: −$3.76
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.81
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	0.63 bp	5.6 bp −$6	8.1 bp −$81	22.1 bp −$2,206	doesn't fit
Sell Bybit live order book, 5 min ago	0.63 bp	6.1 bp −$6	8.7 bp −$87	26.4 bp −$2,641	108.9 bp −$54.5K

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 −0.0186% / S +0.0351%	1h	791.60	+0.076%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.84	+0.106%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.66	+0.083%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	791.62	+0.079%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.781%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0044%	8h	791.53	+0.067%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0052%	8h	791.13	+0.016%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0063%	8h	792.05	+0.133%	$69.3M	$49.9M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.196%	$582K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	791.80	+0.101%	$80.3M	$12.3M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0067%	8h	791.54	+0.068%	$494.3M	$788.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	791.19	+0.025%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.68	+0.086%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.30	+0.038%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.58	+0.073%	$51.9M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	791.33	+0.042%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDTshort	+0.0100%	8h	791.10	+0.013%	$139.1M	$74.6M	75x
OKX BNB-USDT-SWAPlong	+0.0100%	8h	791.00	long leg	$53.5M	$111.4M	50x
Arcus BNB-USD	+0.0100%	1h	791.80	+0.101%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	790.85	−0.019%	$35.4M	$56.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.03	+0.004%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	790.57	−0.054%	$76.5M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	791.63	+0.080%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	791.31	+0.039%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.99	+0.125%	$4.1M	$73.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.95	−0.006%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.46	+0.058%	$134K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	791.76	+0.097%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.04	+0.132%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	791.80	+0.101%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.71	+0.090%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	791.89	+0.112%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	790.75	−0.032%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.71	+0.090%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	791.77	+0.097%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0138%	1h	790.94	−0.007%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0145%	8h	792.31	+0.165%	$3.0M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0180%	8h	792.00	+0.126%	$125K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	792.22	+0.154%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	792.08	+0.137%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0245%	1h	789.82	−0.149%	$640K	$9K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	791.59	+0.075%	$2.5M	$1.2M	50x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	791.30	+0.038%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	792.18	+0.149%	$1.5M	$143K	25x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	791.66	+0.083%	$68K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	791.83	+0.104%	$1.1M	$973K	20x	as long as short