Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h +0.002%

Price spread now: Binance against Arcus+0.021%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.021%, 7d avg −0.018%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.039% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.018%. Mind the row above: over the last 3 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	805.00	0.0100	pay 0.0013% / 1h	7m 39s	$53K	$170K	10x
Short	Binance BNBUSDT	805.17	0.0115	get 0.0115% / 8h	2h 07m	$520.2M	$805.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now +0.021%Rate

Funding earned: $3.2
Price spread: +0.021% → −0.018%: $3.9
Slippage, 4 orders: −$16.65
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.05
Costs to cover: 0.312%
Break-even: 59.6 days

Slippage from Arcus: live order book, 15 min ago; Binance: live order book, 6 min ago.

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 Arcus live order book, 15 min ago	6.20 bp	9.6 bp −$10	24.6 bp −$246	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.06 bp	5.3 bp −$5	7.2 bp −$72	15.0 bp −$1,498	doesn't fit

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 −0.0195% / S +0.0371%	1h	804.69	−0.038%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.20	+0.025%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.45	+0.056%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.30	+0.037%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.74	−0.032%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.74	−0.032%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.87	−0.016%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	804.63	−0.046%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0056%	8h	804.66	−0.042%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	804.22	−0.097%	$139.5M	$81.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.15	+0.019%	$608K	$881K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.83	−0.021%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	805.27	+0.034%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.31	−0.085%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.82	−0.022%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.40	−0.075%	$55.2M	$116.0M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	805.00	long leg	$53K	$170K	10x
Gate BNB_USDT	+0.0100%	8h	804.45	−0.068%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.57	−0.053%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.27	−0.091%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.53	+0.066%	$4.2M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.72	+0.089%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.68	−0.040%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.72	−0.035%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.96	−0.005%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.41	+0.052%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.25	+0.031%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.90	−0.012%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.30	+0.037%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.12	−0.109%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.83	−0.021%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.40	+0.050%	$84.5M	$13.7M	200x	as long as short
Binance BNBUSDTshort	+0.0115%	8h	805.17	+0.021%	$520.2M	$805.8M	75x
Phoenix BNB	+0.0125%	1h	805.62	+0.077%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0137%	8h	805.38	+0.047%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0194%	1h	804.80	−0.025%	$396K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0205%	1h	805.24	+0.030%	$51.8M	$22.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.86	−0.018%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0235%	8h	805.33	+0.041%	$18.9M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0237%	1h	804.86	−0.017%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	805.29	+0.036%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.046%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.49	−0.063%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.64	+0.080%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.014%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0649%	1h	805.76	+0.094%	$3.0M	$5.5M	40x	as long as short