Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Derive against SoDEX−0.001%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Derive

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	798.70	0.0100	pay 0.0013% / 1h	12m 12s	$393K	$996K	10x
Short	Derive BNB-PERP	798.69	0.0100	get 0.0013% / 1h	12m 12s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → 0.000%: −$0.09
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$14.09
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 12 min ago; Derive: 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 SoDEX live order book, 12 min ago	0.63 bp	5.1 bp −$5	9.7 bp −$97	77.6 bp −$7,761	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 −0.0159% / S +0.0335%	1h	798.61	−0.011%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.59	−0.014%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.06	+0.045%	$4K	$239	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.73	+0.129%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.92	+0.153%	$864K	$2.9M	30x	as long as short
Gate BNB_USDT	+0.0004%	8h	798.30	−0.050%	$35.9M	$57.0M	75x	as long as short
Variational Omni BNB	+0.0005%	8h	798.43	−0.034%	$4.1M	$5.0M	—	as long as short
BingX BNB-USDC	+0.0007%	8h	798.65	−0.006%	—	$13.3M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.62	−0.010%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0025%	8h	799.10	+0.050%	$69.8M	$50.1M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.800%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.046%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0052%	8h	799.15	+0.056%	$6.1M	$19.4M	200x	as long as short
Bybit BNBUSDT	+0.0061%	8h	798.30	−0.050%	$138.6M	$76.1M	75x	as long as short
MEXC BNB_USDT	+0.0074%	8h	799.40	+0.088%	$83.1M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0074%	8h	798.98	+0.035%	$496.3M	$809.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.79	+0.011%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	800.04	+0.168%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.60	−0.013%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.07	+0.046%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.30	−0.050%	$54.2M	$110.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.90	+0.025%	$53K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.55	−0.019%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.37	−0.041%	$78.2M	$28.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.52	+0.103%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.37	+0.084%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.64	−0.008%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.56	−0.018%	$386K	$459K	50x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	798.69	−0.001%	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	799.17	+0.058%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	798.70	long leg	$393K	$996K	10x
HTX BNB-USDT	+0.0100%	8h	798.49	−0.027%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.39	+0.086%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.22	−0.060%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.64	−0.007%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.113%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.73	+0.004%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0162%	8h	799.20	+0.063%	$90K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0191%	1h	799.16	+0.058%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0194%	8h	799.67	+0.121%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	799.04	+0.043%	$28K	$1K	10x	as long as short
Hyperliquid BNB	+0.0290%	1h	799.30	+0.075%	$53.1M	$20.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.04	+0.042%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0312%	1h	799.36	+0.082%	$68K	$38K	12x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.21	−0.061%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0429%	1h	799.68	+0.123%	$2.7M	$5.7M	40x	as long as short