Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.061%

Price spread now: KuCoin against 01 Exchange−0.068%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 KuCoin

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 −$5 a day on $10k at the current rate, and KuCoin is 0.068% cheaper against 01 Exchange than usual: you would sell low and buy high (−$7 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	795.39	0.0256	pay 0.0032% / 1h	22m 27s	$28K	$2K	10x
Short	KuCoin BNBUSDTM	794.85	0.0100	get 0.0100% / 8h	6h 22m	$27.7M	$10.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$32.76
Price spread: −0.068% → 0.000%: −$6.79
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$58.55
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago	0.57 bp	9.3 bp −$9	15.0 bp −$150	42.5 bp −$4,252	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 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	−0.067%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	794.86	−0.067%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.41	+0.003%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.71	+0.040%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.89	−0.063%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	795.62	+0.029%	$4.1M	$4.8M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.220%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	795.66	+0.034%	$6.1M	$19.7M	200x	as long as short
BingX BNB-USDC	+0.0050%	8h	795.32	−0.009%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0052%	8h	795.48	+0.011%	$69.6M	$50.8M	50x	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	794.80	−0.074%	$35.4M	$56.4M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.018%	$610K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	795.70	+0.039%	$82.6M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	795.43	+0.005%	$494.8M	$810.0M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0068%	8h	796.16	+0.097%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0078%	1h	795.36	−0.003%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	795.80	+0.052%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.35	−0.005%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.81	−0.073%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.15	−0.030%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.66	+0.034%	$52.1M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.41	+0.003%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	794.90	−0.062%	$139.0M	$75.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	794.70	−0.087%	$53.3M	$110.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.30	−0.011%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	794.85	−0.068%	$27.7M	$10.1M	75x
Bitget BNBUSDT	+0.0100%	8h	794.77	−0.078%	$77.4M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.83	+0.055%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	795.67	+0.035%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.99	−0.050%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.13	−0.033%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.40	+0.002%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.10	−0.036%	$391K	$998K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	795.34	−0.007%	$8.2M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.74	+0.044%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	794.80	−0.074%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.01	−0.047%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	795.32	−0.009%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0155%	8h	795.40	+0.001%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.067%	$644K	$16K	10x	as long as short
01 Exchange BNBUSDlong	+0.0256%	1h	795.39	long leg	$28K	$2K	10x
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	795.42	+0.004%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	794.75	−0.080%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0383%	1h	795.76	+0.047%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	795.40	+0.001%	$68K	$38K	12x	as long as short