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% APRpaid last 24h 0.000%

Price spread now: edgeX against Paradex−0.192%52s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.192% cheaper against Paradex than usual: you would sell low and buy high, −$19 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	806.16	0.0100	pay 0.0100% / 8h	2h 25m	$79K	$19K	50x
Short	edgeX BNBUSDC	804.62	0.0100	get 0.0050% / 4h	2h 25m	$4.2M	$76.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.192%Rate

Funding earned: −$0.04
Price spread: −0.192% → 0.000%: −$19.16
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$32.2
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; edgeX: 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 Paradex no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	1.86 bp	6.4 bp −$6	6.4 bp −$64	9.7 bp −$967	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 −0.0195% / S +0.0371%	1h	805.63	−0.065%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.10	−0.132%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.60	−0.193%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.10	−0.008%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.43	−0.215%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.68	−0.059%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	805.82	−0.043%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	803.71	−0.303%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0052%	8h	805.74	−0.052%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0075%	8h	805.20	−0.119%	$139.6M	$82.5M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	804.80	−0.169%	$609K	$879K	50x	as long as short
Aster BNBUSDT	+0.0094%	8h	806.47	+0.038%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	805.72	−0.055%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.20	−0.119%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.68	−0.060%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.30	−0.107%	$55.2M	$115.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.80	−0.045%	$53K	$165K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.55	−0.076%	$36.0M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.57	−0.073%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.26	−0.112%	$79.2M	$24.5M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	804.62	−0.192%	$4.2M	$76.9M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	804.73	−0.177%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.39	−0.096%	$119K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.84	−0.040%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.94	−0.027%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.19	+0.004%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.12	−0.129%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0100%	8h	806.16	long leg	$79K	$19K	50x
Extended BNB-USD	+0.0104%	1h	805.35	−0.101%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.91	−0.031%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0108%	8h	806.60	+0.055%	$84.6M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0110%	8h	806.16	0.000%	$520.6M	$803.7M	75x	as long as short
Phemex BNBUSDT	+0.0124%	8h	806.38	+0.027%	$70.4M	$51.8M	50x	as long as short
Phoenix BNB	+0.0125%	1h	804.63	−0.190%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0170%	1h	806.15	−0.001%	$51.8M	$21.3M	10x	as long as short
SoDEX BNB-USD	+0.0196%	1h	805.80	−0.045%	$396K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0197%	1h	804.34	−0.226%	$650K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	806.36	+0.025%	$1.6M	$165K	25x	as long as short
RISEx BNB/USDC	+0.0209%	1h	805.79	−0.047%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0229%	8h	805.82	−0.042%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	804.39	−0.220%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0264%	1h	805.64	−0.065%	$170K	$55K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	805.21	−0.118%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	806.41	+0.031%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.158%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0652%	1h	806.84	+0.084%	$3.0M	$5.5M	40x	as long as short