Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.010%

Price spread now: Extended against Binance−0.125%7-day average −0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$170.169% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.125%, 7d avg −0.137%

Together, before fees+0.089%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.137%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	804.71	0.0115	pay 0.0115% / 8h	2h 05m	$519.9M	$805.7M	75x
Short	Extended BNB-USD	803.71	0.0104	get 0.0013% / 1h	5m 23s	$1.9M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$2.31
Price spread: −0.125% → −0.137%: $1.24
Slippage, 4 orders: −$1.94
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.02
Costs to cover: 0.169%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Extended: live order book, 4 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 Binance live order book, 9 min ago	0.06 bp	5.1 bp −$5	6.6 bp −$66	17.2 bp −$1,717	doesn't fit
Sell Extended live order book, 4 min ago	0.06 bp	3.8 bp −$4	5.6 bp −$56	doesn't fit	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	804.05	−0.082%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.62	−0.011%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.17	+0.058%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.90	+0.024%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.28	−0.053%	$869K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.07	−0.079%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.33	−0.047%	$2.5M	$928K	50x	as long as short
Variational Omni BNB	+0.0048%	8h	803.61	−0.136%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0056%	8h	804.40	−0.039%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	803.63	−0.134%	$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	+0.055%	$608K	$880K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.39	−0.039%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	804.72	+0.001%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.80	−0.113%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.36	−0.043%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.90	−0.101%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.60	−0.014%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.00	−0.088%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.98	−0.091%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.86	−0.106%	$78.9M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.38	+0.083%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.72	+0.001%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.01	−0.087%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.15	−0.070%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.36	−0.043%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.70	−0.002%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.20	−0.063%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.82	+0.014%	$79K	$19K	50x	as long as short
Extended BNB-USDshort	+0.0104%	1h	803.71	−0.125%	$1.9M	$5.9M	50x
Aevo BNB-PERP	+0.0104%	1h	804.28	−0.053%	$386K	$40K	10x	as long as short
Binance BNBUSDTlong	+0.0115%	8h	804.71	long leg	$519.9M	$805.7M	75x
MEXC BNB_USDT	+0.0115%	8h	805.00	+0.036%	$84.5M	$13.7M	200x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	+0.113%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0137%	8h	804.81	+0.012%	$70.2M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0189%	1h	804.20	−0.063%	$396K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.65	−0.008%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0202%	1h	804.69	−0.002%	$51.8M	$22.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.36	−0.043%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0232%	1h	804.12	−0.073%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0235%	8h	805.16	+0.056%	$18.9M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.082%	$651K	$14K	10x	as long as short
Hibachi BNB/USDT-P	+0.0264%	1h	804.40	−0.038%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.75	−0.120%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	804.96	+0.031%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	+0.022%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0654%	1h	805.32	+0.076%	$3.0M	$5.5M	40x	as long as short