Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h −0.003%

Price spread now: MEXC against SoDEX+0.025%7-day average +0.152% · 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−$30as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on SoDEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.251%+$25 · spread now +0.025%, 7d avg +0.152%

Together, before fees+0.230%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.127% cheaper against SoDEX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.152%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	794.90	0.0100	pay 0.0013% / 1h	21m 33s	$391K	$997K	10x
Short	MEXC BNB_USDT	795.10	0.0063	get 0.0063% / 8h	6h 21m	$82.5M	$12.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$7.77
Price spread: +0.025% → +0.152%: −$12.7
Slippage, 4 orders: −$5.21
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$37.68
Costs to cover: 0.172%
Break-even: never at this rate

Slippage from SoDEX: live order book, 62 min ago; MEXC: live order book, 2 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, 62 min ago	0.63 bp	5.1 bp −$5	9.7 bp −$97	77.6 bp −$7,761	doesn't fit
Sell MEXC live order book, 2 min ago	0.63 bp	3.9 bp −$4	7.6 bp −$76	16.5 bp −$1,655	30.7 bp −$15.3K

BNB on 45 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 −0.0167% / S +0.0335%	1h	794.86	−0.005%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	794.59	−0.040%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.69	−0.026%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.71	+0.102%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.89	−0.001%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	795.62	+0.090%	$4.1M	$4.8M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.282%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	795.01	+0.014%	$6.1M	$19.7M	200x	as long as short
Phemex BNBUSDT	+0.0047%	8h	795.21	+0.039%	$69.6M	$50.8M	50x	as long as short
BingX BNB-USDT	+0.0050%	8h	794.47	−0.054%	—	$34.9M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0052%	8h	794.20	−0.088%	$35.4M	$56.4M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.079%	$610K	$1.1M	50x	as long as short
MEXC BNB_USDTshort	+0.0063%	8h	795.10	+0.025%	$82.5M	$12.8M	200x
Binance BNBUSDT	+0.0063%	8h	794.90	0.000%	$494.4M	$809.9M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0070%	8h	795.62	+0.091%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0076%	1h	794.57	−0.041%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	795.80	+0.113%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	794.55	−0.044%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.81	−0.011%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	794.35	−0.069%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.01	+0.013%	$52.1M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	794.62	−0.035%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	794.41	−0.062%	$138.9M	$75.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	794.20	−0.088%	$53.2M	$110.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	794.70	−0.025%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	794.18	−0.091%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	794.47	−0.054%	$77.4M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.49	+0.074%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	795.56	+0.083%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.99	+0.011%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.07	+0.022%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.64	+0.093%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	794.90	long leg	$391K	$997K	10x
HTX BNB-USDT	+0.0100%	8h	794.57	−0.041%	$8.2M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.05	+0.019%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	794.04	−0.108%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	794.92	+0.003%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	794.74	−0.021%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0155%	8h	795.20	+0.038%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.129%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	794.94	+0.005%	$28K	$2K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	795.38	+0.061%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	794.75	−0.019%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0383%	1h	795.41	+0.064%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	795.40	+0.062%	$68K	$38K	12x	as long as short