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: KuCoin against Orderly−0.023%7-day average −0.042% · you buy dearer than you sell

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

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.023%, 7d avg −0.042%

Together, before fees+0.021%+$2 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	787.08	0.0100	pay 0.0100% / 8h	3h 01m	$265K	$491K	50x
Short	KuCoin BNBUSDTM	786.90	0.0100	get 0.0100% / 8h	3h 01m	$27.6M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0.01
Price spread: −0.023% → −0.042%: $1.94
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$16.05
Costs to cover: 0.180%
Break-even: 10709.3 days

Slippage unknown: Orderly: no order-book sample; KuCoin: 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 KuCoin live order book, 3 min ago	0.51 bp	12.4 bp −$12	19.2 bp −$192	46.7 bp −$4,671	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	787.00	−0.011%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	786.99	−0.011%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.31	+0.029%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.60	+0.066%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.31	+0.029%	$849K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.00	−0.010%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0023%	8h	787.53	+0.057%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDT	+0.0033%	8h	787.18	+0.013%	—	$22.3M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.288%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0044%	8h	788.10	+0.130%	$79.9M	$12.1M	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	+0.0044%	8h	787.55	+0.060%	$490.2M	$804.4M	75x	as long as short
Phemex BNBUSDT	+0.0051%	8h	787.62	+0.069%	$68.9M	$50.7M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.21	+0.017%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0077%	1h	786.57	−0.065%	$159K	$61K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.26	+0.023%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.19	+0.014%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDClong	+0.0100%	8h	787.08	long leg	$265K	$491K	50x
Nado BNB-PERP	+0.0100%	1h	786.55	−0.067%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.72	+0.081%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.11	+0.004%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.90	−0.023%	$138.3M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.70	−0.048%	$53.5M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.20	+0.015%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.95	−0.017%	$36.2M	$58.5M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	786.90	−0.023%	$27.6M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	786.56	−0.066%	$76.1M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.45	+0.047%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.81	−0.034%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.45	+0.047%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.41	+0.042%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.99	−0.011%	$132K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.14	+0.008%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.77	+0.088%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.20	+0.015%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.86	−0.028%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.23	+0.019%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.74	−0.043%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.28	+0.026%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0164%	8h	787.75	+0.085%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0185%	8h	787.96	+0.112%	$2.9M	$28.9M	10x	as long as short
Bulk BNB-USD	+0.0223%	1h	788.23	+0.146%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.77	+0.088%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.80	−0.035%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	787.54	+0.059%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.31	+0.029%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0440%	1h	786.89	−0.024%	$67K	$39K	12x	as long as short