Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.005%

Price spread now: Arcus against Paradex−0.019%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	786.55	0.0101	pay 0.0101% / 8h	2h 21m	$76K	$17K	50x
Short	Arcus BNB-USD	786.40	0.0100	get 0.0013% / 1h	21m 12s	$52K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Paradex. 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 ParadexbpFee ArcusbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$0.11
Price spread: −0.019% → 0.000%: −$1.87
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$10.48
Costs to cover: 0.085%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Arcus: live order book, 27 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 Paradex no order-book sample	—	—	—	—	—
Sell Arcus live order book, 27 min ago	3.17 bp	8.8 bp −$9	21.5 bp −$215	doesn't fit	doesn't fit

Paradex: 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	785.81	−0.094%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.62	+0.009%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	786.09	−0.058%	$848K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.97	−0.074%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.358%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	786.32	−0.029%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0042%	8h	786.05	−0.063%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0053%	8h	786.21	−0.043%	$68.8M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0057%	8h	786.60	+0.007%	$80.4M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0059%	8h	786.26	−0.036%	$489.9M	$812.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	785.48	−0.136%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.62	−0.245%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.73	−0.104%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.86	−0.087%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.10	−0.057%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.62	+0.009%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.49	−0.007%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.59	−0.122%	$138.0M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.80	−0.095%	$53.4M	$112.5M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	786.40	−0.019%	$52K	$129K	10x
Gate BNB_USDT	+0.0100%	8h	785.95	−0.076%	$36.6M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.31	−0.157%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.58	−0.123%	$76.0M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.97	−0.073%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.72	−0.359%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.00	−0.196%	$4.1M	$75.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.20	−0.171%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.08	−0.059%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.95	−0.076%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.85	+0.038%	$13K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.91	−0.081%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0101%	8h	786.55	long leg	$76K	$17K	50x
Extended BNB-USD	+0.0104%	1h	785.28	−0.161%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.62	−0.118%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.33	−0.028%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0116%	1h	785.70	−0.108%	$386K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0150%	8h	786.20	−0.044%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0165%	1h	785.66	−0.113%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0179%	8h	786.29	−0.033%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0211%	8h	785.17	−0.175%	$2.9M	$29.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.11	−0.056%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	786.95	+0.051%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	785.95	−0.075%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	−0.147%	$637K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.50	−0.006%	$1.1M	$901K	20x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	785.22	−0.169%	$67K	$39K	12x	as long as short