Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Orderly against OKX+0.072%7-day average +0.059% · you sell dearer than you buy

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

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.072%, 7d avg +0.059%

Together, before fees−0.037%−$4 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	806.10	0.0100	pay 0.0100% / 8h	1h 38m	$55.1M	$116.0M	50x
Short	Orderly PERP_BNB_USDC	806.68	0.0100	get 0.0100% / 8h	1h 38m	$390K	$592K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.059%: $1.34
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.66
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 min ago; Orderly: 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, 1 min ago	0.62 bp	6.1 bp −$6	7.6 bp −$76	20.1 bp −$2,006	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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 −0.0201% / S +0.0372%	1h	806.68	+0.072%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.83	+0.091%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.25	+0.143%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	807.00	+0.112%	$106K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.95	+0.105%	$872K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.75	+0.081%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0044%	8h	806.56	+0.057%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0059%	8h	806.34	+0.030%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	805.90	−0.025%	$139.6M	$81.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	806.68	+0.072%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi BNB/USDT-P	+0.0096%	1h	807.09	+0.123%	$72K	$48K	12x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.54	−0.069%	$608K	$881K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.25	+0.019%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.62	+0.064%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	806.10	long leg	$55.1M	$116.0M	50x
Arcus BNB-USD	+0.0100%	1h	806.90	+0.099%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	806.20	+0.012%	$36.1M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.19	+0.011%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.86	−0.030%	$78.8M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.43	+0.165%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	807.11	+0.125%	$162K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.62	+0.065%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDCshort	+0.0100%	8h	806.68	+0.072%	$390K	$592K	50x
Derive BNB-PERP	+0.0100%	1h	806.94	+0.104%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	807.39	+0.161%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.40	+0.038%	$8.2M	$7.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	807.10	+0.124%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	806.18	+0.010%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.52	+0.052%	$387K	$40K	10x	as long as short
Aster BNBUSDT	+0.0107%	8h	806.81	+0.088%	$6.4M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0121%	8h	807.40	+0.161%	$84.8M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0122%	8h	806.92	+0.101%	$520.9M	$804.0M	75x	as long as short
Phemex BNBUSDT	+0.0135%	8h	807.03	+0.115%	$70.4M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	807.20	+0.136%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0184%	1h	806.60	+0.062%	$397K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0193%	1h	806.57	+0.059%	$163K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	806.38	+0.035%	$2.5M	$929K	50x	as long as short
Hyperliquid BNB	+0.0226%	1h	807.18	+0.134%	$52.0M	$21.8M	10x	as long as short
BloFin BNB-USDT	+0.0242%	8h	806.92	+0.102%	$18.8M	$2.6M	75x	as long as short
Bulk BNB-USD	+0.0295%	1h	807.66	+0.194%	$652K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	806.89	+0.098%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.125%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.79	+0.086%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	806.33	+0.029%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0360%	1h	807.29	+0.148%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0695%	1h	807.41	+0.163%	$3.0M	$5.5M	40x	as long as short