Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: SoDEX against Paradex−0.041%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Paradex Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now −0.041%, 7d avg −0.049%

Together, before fees−0.192%+ Points / potential airdropParadex: Active · farm board−$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	787.12	0.0100	pay 0.0100% / 8h	6h 19m	$78K	$337K	50x
Short	SoDEX BNB-USD	786.80	0.0100	get 0.0013% / 1h	19m 17s	$387K	$928K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.049%: $0.81
Slippage, 4 orders: −$12.66
Fee Paradex: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$23.86
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Paradex: live order book, 33 min ago; SoDEX: live order book, 32 min ago.

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 live order book, 33 min ago	5.47 bp	7.5 bp −$7	120.2 bp −$1,202	doesn't fit	doesn't fit
Sell SoDEX live order book, 32 min ago	0.64 bp	5.1 bp −$5	8.9 bp −$89	77.3 bp −$7,732	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	786.58	−0.069%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.15	+0.004%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.28	+0.020%	$5.9M	$17.4M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.34	+0.028%	$3.0M	$26.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.40	+0.035%	$158K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.95	−0.022%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.58	−0.069%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0020%	8h	788.50	+0.175%	$83.3M	$12.2M	200x	as long as short
Binance BNBUSDT	+0.0020%	8h	787.29	+0.021%	$481.7M	$779.7M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.283%	$19K	$789K	30x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0035%	1h	786.56	−0.071%	$2.5M	$1.3M	50x	as long as short
Bybit BNBUSDT	+0.0073%	8h	786.40	−0.092%	$138.5M	$68.6M	75x	as long as short
BloFin BNB-USDT	+0.0081%	8h	787.74	+0.079%	$17.6M	$2.2M	75x	as long as short
Phoenix BNB	+0.0094%	1h	787.39	+0.034%	$158K	$45K	10x	as long as short
Phemex BNBUSDT	+0.0096%	8h	787.39	+0.034%	$68.4M	$51.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.71	−0.052%	$2.7M	$3.4M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.50	−0.079%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.36	+0.030%	$51.8M	$17.0M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.85	−0.034%	$1.2M	$933K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.30	−0.104%	$53.4M	$104.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.00	−0.015%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.75	−0.047%	$40.7M	$55.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.49	−0.080%	$28.2M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.39	−0.093%	$75.5M	$32.3M	75x	as long as short
BingX BNB-USDC	+0.0100%	8h	786.95	−0.022%	—	$13.4M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.20	+0.010%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.49	−0.080%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.61	+0.062%	$4.1M	$75.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.82	+0.089%	$159K	$445K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.83	−0.037%	$130K	$911K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.66	−0.059%	$264K	$299K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.34	+0.027%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	786.80	−0.041%	$387K	$928K	10x
HTX BNB-USDT	+0.0100%	8h	786.95	−0.021%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0100%	8h	787.12	long leg	$78K	$337K	50x
Extended BNB-USD	+0.0104%	1h	786.11	−0.128%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.66	−0.059%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	786.42	−0.089%	$544K	$1.9M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.98	−0.017%	$1.5M	$158K	25x	as long as short
Bulk BNB-USD	+0.0212%	1h	787.70	+0.074%	$638K	$0	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.35	+0.029%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0318%	1h	786.32	−0.102%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0345%	1h	787.23	+0.014%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0352%	1h	786.97	−0.019%	$67K	$37K	12x	as long as short
dYdX BNB-USD	+0.0377%	1h	786.57	−0.070%	$158K	$38K	10x	as long as short