Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0109%/8h= +11.9% APRpaid last 24h +0.040%

Price spread now: BloFin against SoDEX+0.090%7-day average +0.066% · 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−$20as in the Price arb table

costs, in and out, $10k−$230.225% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 3 days (all we have)−0.035%−$4 · spread now +0.090%, 7d avg +0.066%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.023% dearer against SoDEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	802.70	0.0136	pay 0.0017% / 1h	47m 07s	$395K	$1.0M	10x
Short	BloFin BNB-USDT	803.42	0.0245	get 0.0245% / 8h	47m 07s	$18.2M	$2.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.090%Rate

Funding earned: $22.87
Price spread: +0.090% → +0.066%: $2.32
Slippage, 4 orders: −$2.52
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.67
Costs to cover: 0.225%
Break-even: 6.2 days

Slippage from SoDEX: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago	0.62 bp	4.6 bp −$5	8.9 bp −$89	82.6 bp −$8,259	doesn't fit
Sell BloFin live order book, 7 min ago	0.19 bp	6.2 bp −$6	7.9 bp −$79	18.0 bp −$1,801	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	802.26	−0.054%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.14	+0.055%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.57	−0.016%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.05	+0.043%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.63	+0.116%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.30	−0.049%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0029%	8h	802.05	−0.081%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0053%	8h	802.69	−0.001%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0063%	8h	802.22	−0.060%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.247%	$607K	$995K	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	802.71	+0.001%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.20	−0.062%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.91	+0.027%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.40	−0.037%	$54.7M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.90	+0.025%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.45	−0.031%	$35.9M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.44	−0.032%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.27	−0.054%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.19	+0.060%	$4.2M	$77.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.77	+0.009%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.41	−0.036%	$119K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.33	−0.046%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.52	−0.023%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.84	+0.017%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.52	−0.022%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.19	+0.061%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0104%	8h	803.30	+0.075%	$6.3M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.86	−0.105%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.18	−0.064%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	803.03	+0.041%	$70.2M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	802.60	−0.012%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0124%	8h	803.40	+0.087%	$83.5M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0125%	8h	803.10	+0.049%	$502.3M	$818.0M	75x	as long as short
Phoenix BNB	+0.0127%	1h	803.03	+0.041%	$173K	$36K	10x	as long as short
SoDEX BNB-USDlong	+0.0136%	1h	802.70	long leg	$395K	$1.0M	10x
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	802.75	+0.007%	$1.6M	$165K	25x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	802.91	+0.027%	$71K	$49K	12x	as long as short
BloFin BNB-USDTshort	+0.0245%	8h	803.42	+0.090%	$18.2M	$2.6M	75x
Hyperliquid BNB	+0.0249%	1h	803.32	+0.077%	$52.0M	$21.4M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.78	+0.010%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.298%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.110%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.98	−0.090%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0348%	1h	803.39	+0.086%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0384%	1h	803.34	+0.080%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0470%	1h	802.89	+0.023%	$162K	$62K	10x	as long as short