Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.064%

Price spread now: Paradex against 01 Exchange+0.011%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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds 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: −$5 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	799.91	0.0264	pay 0.0033% / 1h	0m 14s	$28K	$1K	10x
Short	Paradex BNB-USD-PERP	800.00	0.0100	get 0.0100% / 8h	0m 14s	$78K	$19K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$34.44
Price spread: +0.011% → 0.000%: $1.1
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$44.33
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

01 Exchange and Paradex: 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	799.54	−0.046%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.70	−0.026%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.52	−0.049%	$2.5M	$975K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.72	−0.149%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.71	−0.025%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.57	−0.043%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	798.84	−0.133%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0030%	8h	799.61	−0.038%	—	$35.2M	—	as long as short
Bybit BNBUSDT	+0.0040%	8h	799.30	−0.076%	$138.8M	$76.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.68	−0.154%	$602K	$985K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0077%	8h	799.93	+0.003%	$6.2M	$19.3M	200x	as long as short
Phemex BNBUSDT	+0.0092%	8h	800.02	+0.014%	$70.0M	$50.7M	50x	as long as short
Lighter BNB	+0.0096%	1h	799.78	−0.017%	$2.8M	$4.1M	20x	as long as short
MEXC BNB_USDT	+0.0097%	8h	800.10	+0.024%	$83.2M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0097%	8h	800.05	+0.018%	$498.0M	$818.7M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.05	−0.108%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.57	−0.043%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.40	−0.064%	$54.4M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.50	−0.051%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.20	−0.089%	$35.7M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.32	−0.074%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.27	−0.080%	$78.9M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.62	−0.036%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.34	−0.071%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.20	−0.089%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.38	−0.066%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.60	−0.039%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.86	−0.006%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	−0.026%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.92	+0.001%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.71	−0.026%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0100%	8h	800.00	+0.011%	$78K	$19K	50x
Extended BNB-USD	+0.0104%	1h	799.15	−0.095%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.60	−0.039%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	798.37	−0.193%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	799.40	−0.064%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	799.70	−0.026%	$91K	$2.9M	4.8x	as long as short
Bulk BNB-USD	+0.0191%	1h	798.83	−0.136%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0217%	8h	800.12	+0.026%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0250%	1h	800.15	+0.030%	$52.5M	$20.8M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.46	−0.057%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSDlong	+0.0264%	1h	799.91	long leg	$28K	$1K	10x
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.648%	$19K	$789K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0312%	1h	799.90	−0.001%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0327%	1h	799.59	−0.040%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	799.01	−0.112%	$6K	$3K	40x	as long as short