Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.004%

Price spread now: Binance against SoDEX+0.045%7-day average +0.062% · you sell dearer than you buy

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−$220.219% of the position

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)+0.076%+$8 · spread now +0.045%, 7d avg +0.062%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	799.70	0.0100	pay 0.0013% / 1h	0m 01s	$393K	$1.0M	10x
Short	Binance BNBUSDT	800.06	0.0097	get 0.0097% / 8h	0m 01s	$498.0M	$818.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.045%Rate

Funding earned: −$0.54
Price spread: +0.045% → +0.062%: −$1.68
Slippage, 4 orders: −$3.9
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.11
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Binance: live order book, 14 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 SoDEX live order book, 4 min ago	0.63 bp	5.2 bp −$5	8.9 bp −$89	77.3 bp −$7,734	doesn't fit
Sell Binance live order book, 14 min ago	0.06 bp	6.4 bp −$6	8.0 bp −$80	19.0 bp −$1,905	doesn't fit

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	799.54	−0.020%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.70	0.000%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.52	−0.023%	$2.5M	$975K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.72	−0.122%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.71	+0.001%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.57	−0.016%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	798.84	−0.107%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0030%	8h	799.57	−0.016%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0040%	8h	799.24	−0.058%	$138.8M	$76.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.68	−0.128%	$602K	$985K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0077%	8h	800.10	+0.050%	$6.2M	$19.3M	200x	as long as short
Phemex BNBUSDT	+0.0092%	8h	800.02	+0.040%	$70.0M	$50.7M	50x	as long as short
Lighter BNB	+0.0096%	1h	799.78	+0.009%	$2.8M	$4.1M	20x	as long as short
MEXC BNB_USDT	+0.0097%	8h	800.40	+0.088%	$83.2M	$13.6M	200x	as long as short
Binance BNBUSDTshort	+0.0097%	8h	800.06	+0.045%	$498.0M	$818.7M	75x
Nado BNB-PERP	+0.0100%	1h	799.05	−0.081%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.57	−0.017%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.30	−0.050%	$54.4M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.50	−0.025%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.30	−0.050%	$35.7M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.47	−0.029%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.27	−0.054%	$78.9M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.62	−0.010%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.34	−0.045%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.20	−0.063%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.38	−0.040%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.60	−0.013%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.86	+0.021%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	799.70	long leg	$393K	$1.0M	10x
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.92	+0.028%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.71	+0.001%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.00	+0.037%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.15	−0.069%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.60	−0.013%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	798.37	−0.166%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	799.40	−0.038%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	799.70	0.000%	$91K	$2.9M	4.8x	as long as short
Bulk BNB-USD	+0.0191%	1h	798.83	−0.109%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0217%	8h	800.12	+0.053%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0251%	1h	800.34	+0.080%	$52.5M	$20.8M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.46	−0.030%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	799.91	+0.026%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.674%	$19K	$789K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0308%	1h	800.23	+0.066%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0327%	1h	799.59	−0.014%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	799.01	−0.086%	$6K	$3K	40x	as long as short