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 Orderly−0.062%7-day average −0.069% · you buy dearer than you sell

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.062%, 7d avg −0.069%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BNB_USDC	784.76	0.0100	pay 0.0100% / 8h	2h 40m	$264K	$489K	50x
Short	Bitget BNBUSDT	784.27	0.0100	get 0.0100% / 8h	2h 40m	$75.9M	$30.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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 OrderlybpFee BitgetbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0.01
Price spread: −0.062% → −0.069%: $0.61
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.38
Costs to cover: 0.180%
Break-even: 14487.6 days

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 3 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	0.06 bp	7.1 bp −$7	9.6 bp −$96	19.2 bp −$1,918	doesn't fit

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 −0.0192% / S +0.0356%	1h	784.63	−0.016%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.77	+0.129%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	786.08	+0.168%	$848K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.70	−0.008%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	785.10	+0.043%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.591%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0041%	8h	784.81	+0.006%	—	$22.1M	—	as long as short
MEXC BNB_USDT	+0.0051%	8h	785.30	+0.069%	$79.6M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0052%	8h	785.17	+0.052%	$488.9M	$807.4M	75x	as long as short
Phemex BNBUSDT	+0.0052%	8h	785.23	+0.060%	$68.7M	$50.6M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0058%	1h	785.04	+0.036%	$159K	$61K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0069%	1h	784.58	−0.023%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.76	0.000%	$576K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.83	+0.009%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDClong	+0.0100%	8h	784.76	long leg	$264K	$489K	50x
Nado BNB-PERP	+0.0100%	1h	784.70	−0.008%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.06	+0.038%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.17	+0.052%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.60	−0.020%	$137.6M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.50	−0.033%	$53.2M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.10	+0.043%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.60	−0.020%	$36.2M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.31	−0.057%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	784.27	−0.062%	$75.9M	$30.7M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	785.05	+0.037%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.43	−0.042%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.49	+0.220%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.30	+0.196%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.65	−0.014%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.98	+0.027%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.46	+0.089%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.80	+0.005%	$386K	$996K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	785.11	+0.044%	$1.5M	$143K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.26	−0.064%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.27	+0.065%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.24	−0.066%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.77	+0.001%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.15	+0.305%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0134%	8h	785.60	+0.107%	$122K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0172%	8h	785.09	+0.042%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0202%	8h	787.62	+0.365%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	+0.187%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	785.40	+0.082%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.51	−0.032%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.23	+0.060%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	785.71	+0.121%	$67K	$39K	12x	as long as short