Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against OKX−0.029%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.029%, 7d avg −0.031%

Together, before fees+0.091%+ Points / potential airdropExtended: Active · farm board+$9 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	789.30	0.0100	pay 0.0100% / 8h	4h 01m	$53.4M	$111.3M	50x
Short	Extended BNB-USD	789.08	0.0104	get 0.0013% / 1h	1m 38s	$1.8M	$6.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0.84
Price spread: −0.029% → −0.031%: $0.29
Slippage, 4 orders: −$2.64
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16.52
Costs to cover: 0.176%
Break-even: 144.6 days

Slippage from OKX: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago	0.63 bp	5.6 bp −$6	8.0 bp −$80	21.6 bp −$2,158	doesn't fit
Sell Extended live order book, 2 min ago	0.06 bp	2.6 bp −$3	3.3 bp −$33	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 −0.0190% / S +0.0354%	1h	788.92	−0.048%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.39	+0.011%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	−0.033%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.98	−0.040%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.001%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.73	+0.054%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0047%	8h	788.87	−0.054%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0057%	8h	790.10	+0.101%	$80.1M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0058%	8h	789.86	+0.071%	$493.0M	$791.1M	75x	as long as short
Phemex BNBUSDT	+0.0060%	8h	789.60	+0.038%	$69.0M	$50.3M	50x	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	+0.0064%	1h	788.26	−0.132%	$579K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.42	+0.015%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.10	−0.025%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.65	−0.082%	$1.5M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.76	+0.058%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.58	+0.035%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.24	−0.008%	$138.9M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	789.30	long leg	$53.4M	$111.3M	50x
Arcus BNB-USD	+0.0100%	1h	789.40	+0.013%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.40	+0.013%	$35.5M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.08	−0.028%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.22	−0.010%	$76.4M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.46	+0.020%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.201%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.39	−0.116%	$4.1M	$73.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.05	−0.158%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.76	−0.068%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.14	−0.020%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.29	−0.001%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.20	−0.013%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.60	−0.089%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.68	+0.049%	$77K	$17K	50x	as long as short
Extended BNB-USDshort	+0.0104%	1h	789.08	−0.029%	$1.8M	$6.1M	50x
Aevo BNB-PERP	+0.0104%	1h	789.04	−0.033%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	788.48	−0.104%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	789.25	−0.006%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0154%	8h	788.72	−0.073%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	789.30	0.000%	$133K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0178%	8h	789.48	+0.023%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	788.57	−0.092%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	790.09	+0.100%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	788.96	−0.043%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.50	+0.025%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	788.60	−0.088%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0360%	1h	788.80	−0.063%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.75	+0.057%	$1.1M	$903K	20x	as long as short