Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.063%

Price spread now: Bitget against 01 Exchange−0.120%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bitget

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.120% cheaper against 01 Exchange than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BNBUSD	799.04	0.0216	pay 0.0027% / 1h	46m 37s	$28K	$1K	10x
Short	Bitget BNBUSDT	798.08	0.0100	get 0.0100% / 8h	7h 46m	$78.7M	$27.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against 01 Exchange. 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 01 ExchangebpFee BitgetbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$24.36
Price spread: −0.120% → 0.000%: −$12.01
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$55.37
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bitget: live order book, 2 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	0.06 bp	7.1 bp −$7	11.0 bp −$110	22.4 bp −$2,243	doesn't fit

01 Exchange: 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 −0.0201% / S +0.0372%	1h	798.28	−0.096%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.28	−0.096%	$2.5M	$979K	50x	as long as short
Bybit BNBUSDT	−0.0095%	8h	797.90	−0.143%	$138.6M	$77.0M	75x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.80	−0.030%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0049%	8h	798.38	−0.083%	—	$35.2M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.33	−0.089%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.61	−0.054%	$863K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	798.82	−0.028%	$69.8M	$50.5M	50x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.25	−0.099%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.13	−0.239%	$4.1M	$5.4M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0025%	8h	798.10	−0.118%	$35.7M	$55.9M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.757%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	−0.130%	$601K	$987K	50x	as long as short
Aster BNBUSDT	+0.0069%	8h	798.87	−0.021%	$6.2M	$19.3M	200x	as long as short
Binance BNBUSDT	+0.0091%	8h	798.81	−0.029%	$496.2M	$815.8M	75x	as long as short
MEXC BNB_USDT	+0.0091%	8h	799.30	+0.033%	$83.1M	$13.5M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.53	−0.063%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.23	−0.101%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.00	−0.130%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.54	−0.062%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.10	−0.118%	$54.1M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.70	−0.043%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.28	−0.095%	$27.9M	$10.1M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	798.08	−0.120%	$78.7M	$27.6M	75x
edgeX BNBUSDC	+0.0100%	4h	798.20	−0.105%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.13	−0.114%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.09	−0.119%	$118K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.42	−0.078%	$386K	$481K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.52	−0.066%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.92	−0.015%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.40	−0.080%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.05	−0.124%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.23	+0.023%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.79	−0.157%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.38	−0.083%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0118%	1h	798.39	−0.081%	$648K	$11K	10x	as long as short
Hibachi BNB/USDT-P	+0.0136%	1h	797.87	−0.146%	$70K	$34K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	798.70	−0.043%	$90K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.60	−0.056%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0211%	8h	798.80	−0.030%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSDlong	+0.0216%	1h	799.04	long leg	$28K	$1K	10x
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	798.77	−0.033%	$1.6M	$160K	25x	as long as short
dYdX BNB-USD	+0.0318%	1h	797.97	−0.134%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.78	−0.157%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0351%	1h	799.22	+0.023%	$53.1M	$20.9M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0389%	1h	799.29	+0.031%	$2.7M	$5.7M	40x	as long as short