Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0324%/8h= +35.5% APRpaid last 24h +0.079%

Price spread now: Hibachi against OKX+0.105%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.529%+$53 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hibachi is 0.105% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	787.50	0.0100	pay 0.0100% / 8h	7h 01m	$53.7M	$107.9M	50x
Short	Hibachi BNB/USDT-P	788.33	0.0424	get 0.0053% / 1h	1m 56s	$67K	$39K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.105%Rate

Funding earned: $68.04
Price spread: +0.105% → 0.000%: $10.48
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $59.52
Costs to cover: 0.190%
Break-even: 0.9 days

Slippage unknown: OKX: live order book, 2 min ago; Hibachi: no order-book sample. Net counts fees only.

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	7.2 bp −$72	19.5 bp −$1,946	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0166% / S +0.0336%	1h	787.31	−0.025%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.40	+0.114%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.35	−0.020%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.32	+0.104%	$2.9M	$26.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	788.93	+0.182%	$851K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.41	−0.011%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0010%	8h	788.07	+0.072%	$6.0M	$17.7M	200x	as long as short
BingX BNB-USDT	+0.0023%	8h	787.90	+0.051%	—	$22.2M	—	as long as short
Binance BNBUSDT	+0.0029%	8h	788.23	+0.093%	$484.1M	$798.1M	75x	as long as short
MEXC BNB_USDT	+0.0029%	8h	789.50	+0.254%	$83.1M	$12.5M	200x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.234%	$19K	$789K	30x	as long as short
Phemex BNBUSDT	+0.0083%	8h	788.02	+0.066%	$68.5M	$51.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.53	+0.004%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.80	+0.038%	$1.4M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.14	+0.081%	$51.8M	$17.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.28	+0.099%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.51	+0.001%	$138.8M	$70.9M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	787.50	long leg	$53.7M	$107.9M	50x
Arcus BNB-USD	+0.0100%	1h	788.10	+0.076%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.70	+0.025%	$39.9M	$57.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.40	−0.013%	$27.9M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.42	−0.010%	$75.7M	$32.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.84	+0.043%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.82	+0.041%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.37	+0.111%	$4.1M	$77.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.39	+0.113%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.58	+0.010%	$130K	$917K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.47	−0.004%	$264K	$304K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.99	+0.062%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.50	0.000%	$387K	$939K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.89	+0.050%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.46	+0.121%	$88K	$192K	50x	as long as short
Kalshi KXBNBPERP	+0.0104%	8h	788.30	+0.102%	$161K	$2.6M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	787.34	−0.021%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.34	−0.021%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0117%	8h	788.60	+0.140%	$17.6M	$2.3M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	788.70	+0.152%	$551K	$2.0M	50x	as long as short
Phoenix BNB	+0.0120%	1h	788.52	+0.130%	$158K	$38K	10x	as long as short
Bulk BNB-USD	+0.0150%	1h	788.74	+0.157%	$639K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.86	+0.046%	$1.5M	$138K	25x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	788.17	+0.085%	$28K	$3K	10x	as long as short
dYdX BNB-USD	+0.0290%	1h	788.17	+0.085%	$158K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0318%	1h	787.09	−0.052%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	788.38	+0.112%	$1.1M	$890K	20x	as long as short
Hibachi BNB/USDT-Pshort	+0.0424%	1h	788.33	+0.105%	$67K	$39K	12x