Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.062%

Price spread now: 01 Exchange against Phemex+0.012%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BNBUSDT	803.15	0.0116	pay 0.0116% / 8h	51m 17s	$70.2M	$51.0M	50x
Short	01 Exchange BNBUSD	803.25	0.0416	get 0.0052% / 1h	51m 17s	$28K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Phemex. 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 PhemexbpFee 01 ExchangebpOrdersPrice spread, now +0.012%Rate

Funding earned: $62.93
Price spread: +0.012% → 0.000%: $1.25
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $45.18
Costs to cover: 0.190%
Break-even: 2.0 days

Slippage unknown: Phemex: live order book, 3 min ago; 01 Exchange: no order-book sample. 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 Phemex live order book, 3 min ago	0.62 bp	7.8 bp −$8	8.9 bp −$89	13.8 bp −$1,383	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 −0.0201% / S +0.0372%	1h	802.50	−0.081%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.16	+0.001%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.37	−0.097%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.91	−0.030%	$3.0M	$28.2M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.34	+0.024%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.54	−0.075%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	801.64	−0.188%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0053%	8h	802.63	−0.065%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	802.20	−0.118%	$139.4M	$78.7M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.303%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	802.80	−0.044%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.20	−0.118%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.92	−0.029%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.20	−0.118%	$54.7M	$113.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.00	−0.019%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.35	−0.100%	$35.9M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.36	−0.098%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.09	−0.132%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.03	−0.015%	$4.2M	$77.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.26	+0.014%	$162K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.45	−0.087%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.58	−0.071%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.74	−0.051%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.14	−0.001%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.85	−0.038%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.21	+0.007%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	802.04	−0.138%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.75	−0.050%	$386K	$40K	10x	as long as short
Aster BNBUSDT	+0.0104%	8h	803.14	−0.001%	$6.3M	$19.0M	200x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	803.10	−0.006%	$109K	$2.9M	4.8x	as long as short
Phemex BNBUSDTlong	+0.0116%	8h	803.15	long leg	$70.2M	$51.0M	50x
MEXC BNB_USDT	+0.0125%	8h	803.40	+0.031%	$83.5M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0125%	8h	803.13	−0.002%	$502.4M	$818.3M	75x	as long as short
Phoenix BNB	+0.0127%	1h	803.21	+0.007%	$173K	$36K	10x	as long as short
SoDEX BNB-USD	+0.0176%	1h	802.70	−0.056%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	803.00	−0.019%	$1.6M	$165K	25x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	802.67	−0.060%	$71K	$49K	12x	as long as short
BloFin BNB-USDT	+0.0245%	8h	803.43	+0.035%	$18.2M	$2.6M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.79	−0.045%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0275%	1h	803.26	+0.014%	$52.0M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.249%	$651K	$20K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0302%	1h	803.20	+0.006%	$2.7M	$5.7M	40x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.242%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.08	−0.134%	$6K	$3K	40x	as long as short
01 Exchange BNBUSDshort	+0.0416%	1h	803.25	+0.012%	$28K	$2K	10x
dYdX BNB-USD	+0.0505%	1h	802.89	−0.033%	$162K	$62K	10x	as long as short