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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: edgeX against SoDEX+0.098%45s7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$230.233% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.017%−$2 on $10k
Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.098%, 7d avg +0.047%
Together, before fees+0.051%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.050% dearer against SoDEX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BNB-USD789.400.0100pay 0.0013% / 1h53m 27s$388K$1.0M10x
ShortedgeX BNBUSDC790.170.0100get 0.0050% / 4h3h 53m$4.1M$73.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$0
Price spread: +0.098% → +0.047%
$5.05
Slippage, 4 orders
−$6.33
Fee SoDEX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$18.29
Costs to cover
0.233%
Break-even
never at this rate
Slippage from SoDEX: live order book, 5 min ago; edgeX: live order book, 6 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 SoDEX live order book, 5 min ago0.63 bp4.6 bp −$57.0 bp −$7055.1 bp −$5,513doesn't fit
Sell edgeX live order book, 6 min ago2.53 bp7.0 bp −$77.0 bp −$7011.0 bp −$1,101doesn'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 −0.0191% / S +0.0355%1h789.96+0.071%$46K200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h789.18−0.028%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h789.95+0.070%$4K$4225xas long as short
StandX BNB-USD0.0000%1h789.94+0.068%$852K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h789.99+0.075%$9.5M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.988%$19K$789K30xas long as short
Aster BNBUSDT+0.0037%8h790.47+0.136%$6.1M$18.7M200xas long as short
BingX BNB-USDC+0.0046%8h790.16+0.096%$13.4Mas long as short
MEXC BNB_USDT+0.0057%8h791.00+0.203%$80.2M$12.0M200xas long as short
Binance BNBUSDT+0.0057%8h790.61+0.153%$493.8M$794.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0063%8h789.96+0.071%$69.1M$50.2M50xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h789.35−0.006%$580K$1.9M50xas long as short
Phoenix BNB+0.0092%1h790.40+0.127%$170K$35K10xas long as short
Lighter BNB+0.0096%1h789.83+0.054%$2.8M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h790.09+0.087%$266K$492K50xas long as short
Nado BNB-PERP+0.0100%1h789.50+0.013%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h790.61+0.153%$51.9M$17.5M10xas long as short
Pacifica BNB+0.0100%1h789.95+0.070%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h789.96+0.071%$139.0M$74.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h790.10+0.089%$53.5M$111.9M50xas long as short
Arcus BNB-USD+0.0100%1h789.90+0.063%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h790.00+0.076%$35.7M$56.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h789.68+0.035%$28.1M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h789.78+0.048%$76.4M$30.3M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.57+0.022%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h789.31−0.011%$4.1M$4.8Mas long as short
edgeX BNBUSDCshort+0.0100%4h790.17+0.098%$4.1M$73.3M30x
ApeX Omni BNBUSDT+0.0100%1h790.54+0.144%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h789.80+0.051%$130K$954K10xas long as short
Derive BNB-PERP+0.0100%1h789.41+0.002%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h789.83+0.055%$12K$1.5M50xas long as short
SoDEX BNB-USDlong+0.0100%1h789.40long leg$388K$1.0M10x
HTX BNB-USDT+0.0100%8h789.80+0.051%$8.1M$9.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h790.15+0.095%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h789.78+0.048%$1.9M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h790.02+0.079%$379K$110K10xas long as short
dYdX BNB-USD+0.0135%1h789.28−0.015%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0163%8h789.64+0.030%$2.9M$28.5M10xas long as short
BloFin BNB-USDT+0.0177%8h790.62+0.155%$18.1M$2.2M75xas long as short
Kalshi KXBNBPERP+0.0192%8h790.10+0.089%$135K$2.7M4.8xas long as short
Bulk BNB-USD+0.0234%1h790.66+0.160%$640K$9K10xas long as short
01 Exchange BNBUSD+0.0272%1h790.39+0.125%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h789.72+0.041%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0325%1h789.80+0.051%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0376%1h790.06+0.084%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h790.22+0.103%$1.1M$902K20xas long as short