Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0105%/8h= −11.5% APRnext payment $0.13 per $10,000 · paid last 24h −0.010%
Price spread now: Extended against RISEx−0.080%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$160.157% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.115%−$11 on $10k
Price spread, last 7 days+0.058%+$6 · spread now −0.080%, 7d avg −0.054%
Together, before fees−0.056%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.026% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.054%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BNB/USDC806.340.0209pay 0.0026% / 1h23m 46s$1.1M$1.5M20x
ShortExtended BNB-USD805.690.0104get 0.0013% / 1h23m 46s$1.9M$6.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against RISEx. 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

Funding earned
−$22
Price spread: −0.080% → −0.054%
−$2.62
Slippage, 4 orders
−$4.66
Fee RISEx: 3 bp × 2 orders
−$6
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$40.28
Costs to cover
0.157%
Break-even
never at this rate
Slippage from RISEx: live order book, 5 min ago; Extended: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 5 min ago1.49 bp4.6 bp −$57.0 bp −$70doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago0.06 bp3.1 bp −$34.9 bp −$49doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h805.95−0.048%$49K200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.49+0.019%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.40−0.116%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.30−0.005%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.57−0.095%$871K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.96−0.047%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h806.21−0.016%$2.5M$908K50xas long as short
Variational Omni BNB+0.0048%8h805.22−0.139%$4.0M$5.4Mas long as short
BingX BNB-USDC+0.0052%8h806.10−0.030%$13.3Mas long as short
Bybit BNBUSDT+0.0077%8h805.66−0.084%$139.7M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.80−0.191%$609K$879K50xas long as short
Aster BNBUSDT+0.0094%8h806.75+0.051%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h806.29−0.006%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h805.76−0.072%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h806.27−0.008%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.90−0.055%$55.2M$115.8M50xas long as short
Arcus BNB-USD+0.0100%1h806.30−0.005%$53K$168K10xas long as short
Gate BNB_USDT+0.0100%8h805.95−0.048%$36.0M$58.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.90−0.055%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.76−0.072%$79.3M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h805.49−0.106%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.60−0.092%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.83−0.063%$119K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.06−0.035%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h806.22−0.015%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.52+0.022%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h805.60−0.091%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.71+0.046%$79K$19K50xas long as short
Extended BNB-USDshort+0.0104%1h805.69−0.080%$1.9M$6.1M50x
Aevo BNB-PERP+0.0104%1h806.18−0.020%$387K$40K10xas long as short
MEXC BNB_USDT+0.0110%8h806.90+0.069%$84.7M$13.6M200xas long as short
Binance BNBUSDT+0.0111%8h806.80+0.057%$521.0M$804.3M75xas long as short
Phoenix BNB+0.0125%1h805.78−0.069%$173K$35K10xas long as short
Phemex BNBUSDT+0.0126%8h806.68+0.042%$70.4M$51.8M50xas long as short
Hyperliquid BNB+0.0178%1h806.83+0.061%$51.8M$21.3M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.248%$650K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h806.60+0.032%$1.6M$165K25xas long as short
SoDEX BNB-USD+0.0200%1h806.10−0.030%$396K$1.0M10xas long as short
RISEx BNB/USDClong+0.0209%1h806.34long leg$1.1M$1.5M20x
BloFin BNB-USDT+0.0230%8h806.35+0.001%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h805.61−0.091%$71K$48K12xas long as short
dYdX BNB-USD+0.0261%1h805.64−0.087%$170K$55K10xas long as short
Reya BNBRUSDPERP+0.0334%1h805.67−0.084%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0336%1h807.03+0.086%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.180%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0654%1h807.02+0.084%$3.0M$5.5M40xas long as short