Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.021%

Price spread now: BloFin against 01 Exchange+0.019%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BNBUSD	789.82	0.0224	pay 0.0028% / 1h	50m 40s	$28K	$4K	10x
Short	BloFin BNB-USDT	789.97	0.0188	get 0.0188% / 8h	4h 50m	$18.2M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$7.53
Price spread: +0.019% → 0.000%: $1.9
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$24.63
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.19 bp	6.7 bp −$7	7.5 bp −$75	14.4 bp −$1,442	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 −0.0183% / S +0.0348%	1h	789.54	−0.036%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.46	+0.081%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.25	+0.181%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.50	−0.040%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.933%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	790.13	+0.039%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0056%	8h	789.44	−0.048%	—	$34.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.104%	$583K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0068%	8h	790.20	+0.048%	$80.2M	$12.2M	200x	as long as short
Binance BNBUSDT	+0.0068%	8h	789.93	+0.014%	$492.8M	$789.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0072%	8h	790.14	+0.041%	$69.2M	$49.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.57	−0.032%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.53	−0.037%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.25	−0.072%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.49	+0.085%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.76	−0.008%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.07	−0.095%	$138.8M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.078%	$53.4M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	−0.028%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.35	−0.060%	$35.4M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.79	−0.004%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.10	−0.091%	$76.4M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.02	+0.025%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.11	−0.090%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.98	+0.147%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.67	+0.108%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.34	−0.061%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.67	−0.020%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.97	+0.019%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.70	−0.015%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.64	−0.022%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.05	+0.030%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.89	−0.117%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.57	−0.032%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0108%	1h	789.76	−0.008%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	790.37	+0.070%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0138%	8h	791.19	+0.173%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	790.50	+0.086%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDTshort	+0.0188%	8h	789.97	+0.019%	$18.2M	$2.2M	75x
01 Exchange BNBUSDlong	+0.0224%	1h	789.82	long leg	$28K	$4K	10x
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.39	−0.054%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.230%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.00	+0.023%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.05	−0.097%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.70	−0.015%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	790.81	+0.125%	$68K	$38K	12x	as long as short