Funding arb · Price arb /

BNB

all BNB markets

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: OKX against 01 Exchange−0.104%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 OKX

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 OKX is 0.104% cheaper against 01 Exchange than usual: you would sell low and buy high (−$10 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	795.93	0.0256	pay 0.0032% / 1h	26m 56s	$28K	$2K	10x
Short	OKX BNB-USDT-SWAP	795.10	0.0100	get 0.0100% / 8h	6h 26m	$53.3M	$110.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$32.76
Price spread: −0.104% → 0.000%: −$10.43
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$60.19
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; OKX: 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 OKX live order book, 2 min ago	0.63 bp	5.6 bp −$6	6.5 bp −$65	17.8 bp −$1,781	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	795.24	−0.087%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	794.95	−0.123%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.75	−0.023%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.55	−0.048%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	795.29	−0.080%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	793.33	−0.327%	$4.1M	$4.9M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.151%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	795.73	−0.025%	$6.1M	$19.7M	200x	as long as short
Gate BNB_USDT	+0.0042%	8h	795.10	−0.104%	$35.3M	$56.1M	75x	as long as short
Phemex BNBUSDT	+0.0044%	8h	795.63	−0.038%	$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
BingX BNB-USDT	+0.0050%	8h	795.30	−0.079%	—	$34.9M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.598%	$607K	$1.1M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0059%	8h	795.02	−0.114%	$3.0M	$28.4M	10x	as long as short
MEXC BNB_USDT	+0.0064%	8h	795.90	−0.004%	$82.5M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	795.78	−0.018%	$495.1M	$811.1M	75x	as long as short
dYdX BNB-USD	+0.0064%	1h	795.36	−0.071%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	795.15	−0.098%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.20	−0.092%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	795.14	−0.099%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.30	−0.079%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.67	−0.033%	$52.1M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.68	−0.031%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.29	−0.080%	$139.1M	$75.8M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	795.10	−0.104%	$53.3M	$110.6M	50x
Arcus BNB-USD	+0.0100%	1h	795.60	−0.041%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	794.92	−0.127%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	794.93	−0.126%	$77.4M	$28.2M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.11	−0.104%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.74	−0.150%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	795.35	−0.073%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.36	−0.071%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.80	−0.017%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.20	−0.092%	$391K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.97	−0.120%	$8.2M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.81	−0.015%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	794.84	−0.137%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.25	−0.085%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	795.69	−0.030%	$1.1M	$1.2M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	795.60	−0.041%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	−0.418%	$642K	$16K	10x	as long as short
01 Exchange BNBUSDlong	+0.0256%	1h	795.93	long leg	$28K	$2K	10x
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	795.67	−0.033%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	795.10	−0.104%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0391%	1h	795.85	−0.010%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	795.00	−0.116%	$68K	$38K	12x	as long as short