Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: OKX against SoDEX−0.051%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$210.205% of the position

Long on SoDEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.051%, 7d avg −0.042%

Together, before fees+0.236%+$24 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	786.80	0.0100	pay 0.0013% / 1h	45m 10s	$387K	$948K	10x
Short	OKX BNB-USDT-SWAP	786.40	0.0100	get 0.0100% / 8h	7h 45m	$53.5M	$111.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.042%: −$0.87
Slippage, 4 orders: −$2.54
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.41
Costs to cover: 0.205%
Break-even: never at this rate

Slippage from SoDEX: live order book, 64 min ago; OKX: live order book, 4 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, 64 min ago	0.63 bp	4.6 bp −$5	8.4 bp −$84	75.2 bp −$7,525	doesn't fit
Sell OKX live order book, 4 min ago	0.63 bp	5.6 bp −$6	7.4 bp −$74	19.5 bp −$1,947	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 −0.0168% / S +0.0337%	1h	786.66	−0.017%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.29	+0.062%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	786.58	−0.028%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.49	+0.088%	$3.0M	$27.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	787.89	+0.139%	$850K	$2.7M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	787.04	+0.030%	$1.5M	$141K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.63	−0.022%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	787.09	+0.037%	$6.0M	$18.5M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.325%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0036%	8h	786.99	+0.024%	—	$13.4M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0043%	8h	787.15	+0.045%	$489.8M	$813.0M	75x	as long as short
MEXC BNB_USDT	+0.0044%	8h	788.20	+0.178%	$82.0M	$12.1M	200x	as long as short
dYdX BNB-USD	+0.0090%	1h	787.07	+0.034%	$157K	$64K	10x	as long as short
Lighter BNB	+0.0096%	1h	786.82	+0.003%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.85	+0.006%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.25	+0.058%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.28	+0.060%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.58	−0.028%	$138.5M	$73.3M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	786.40	−0.051%	$53.5M	$111.4M	50x
Arcus BNB-USD	+0.0100%	1h	787.20	+0.051%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.75	−0.006%	$39.2M	$55.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.51	−0.037%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.28	−0.066%	$75.4M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.03	+0.029%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.82	+0.003%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.45	+0.083%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.37	+0.072%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.10	+0.038%	$132K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.76	−0.005%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.23	+0.054%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.47	+0.086%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	786.80	long leg	$387K	$948K	10x
HTX BNB-USDT	+0.0100%	8h	787.23	+0.055%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.52	+0.092%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.34	−0.058%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.65	−0.019%	$378K	$110K	10x	as long as short
Phemex BNBUSDT	+0.0106%	8h	787.34	+0.069%	$68.6M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0114%	8h	787.40	+0.076%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	786.59	−0.027%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	787.48	+0.086%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0163%	8h	787.48	+0.086%	$17.7M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0215%	1h	787.68	+0.112%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.52	+0.092%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	786.71	−0.012%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	787.29	+0.062%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	787.30	+0.064%	$67K	$39K	12x	as long as short