Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: edgeX against Arcus+0.033%54s7-day average −0.020% · 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—prices read too far apart to compare

costs, in and out, $10k−$400.398% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.033%, 7d avg −0.020%

Together, before fees−0.155%+ Points / potential airdropedgeX: Active · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.053% dearer against Arcus than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	799.90	0.0100	pay 0.0013% / 1h	6m 15s	$53K	$151K	10x
Short	edgeX BNBUSDC	800.16	0.0100	get 0.0050% / 4h	1h 06m	$4.2M	$77.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.020%: $5.26
Slippage, 4 orders: −$26.31
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$34.55
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from Arcus: live order book, 12 min ago; edgeX: live order book, 3 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, 12 min ago	5.61 bp	13.4 bp −$13	27.6 bp −$276	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	2.50 bp	7.0 bp −$7	7.0 bp −$70	10.8 bp −$1,077	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 −0.0201% / S +0.0372%	1h	799.69	−0.026%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.63	−0.034%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.27	+0.047%	$3.0M	$29.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.92	+0.003%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.65	−0.032%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0030%	8h	799.14	−0.095%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	799.59	−0.039%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0065%	8h	799.20	−0.088%	$138.9M	$78.7M	75x	as long as short
Aster BNBUSDT	+0.0096%	8h	800.37	+0.059%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.89	−0.001%	$2.8M	$4.2M	20x	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	+0.0096%	1h	799.17	−0.091%	$605K	$994K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.44	−0.058%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.61	−0.037%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.30	−0.075%	$54.6M	$113.6M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	799.90	long leg	$53K	$151K	10x
Gate BNB_USDT	+0.0100%	8h	799.20	−0.088%	$35.7M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.49	−0.051%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.31	−0.074%	$80.7M	$26.6M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	800.16	+0.033%	$4.2M	$77.2M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	800.53	+0.079%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.69	−0.026%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.63	−0.034%	$386K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.75	−0.018%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.29	+0.049%	$12K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	−0.025%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.39	−0.064%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.12	+0.028%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.19	−0.089%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.77	−0.017%	$384K	$40K	10x	as long as short
Kalshi KXBNBPERP	+0.0104%	8h	800.10	+0.025%	$116K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0116%	8h	800.50	+0.075%	$83.2M	$13.9M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.19	+0.036%	$500.5M	$818.1M	75x	as long as short
Phemex BNBUSDT	+0.0117%	8h	800.12	+0.028%	$70.0M	$51.2M	50x	as long as short
Phoenix BNB	+0.0155%	1h	800.03	+0.016%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.08	+0.023%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.47	−0.054%	$2.6M	$965K	50x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	799.23	−0.084%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0236%	8h	799.83	−0.009%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	+0.038%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.649%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0317%	1h	800.24	+0.043%	$51.8M	$21.6M	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	799.75	−0.019%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.38	+0.060%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.38	−0.066%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0353%	1h	799.29	−0.076%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0565%	1h	800.36	+0.058%	$2.7M	$5.7M	40x	as long as short