Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.150%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.025%−$2 · spread now +0.150%, 7d avg +0.103%

Together, before fees−0.026%−$3 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: MEXC is 0.047% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	787.82	0.0035	pay 0.0035% / 8h	7h 19m	$489.1M	$797.1M	75x
Short	MEXC BNB_USDT	789.00	0.0035	get 0.0035% / 8h	7h 19m	$82.8M	$12.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.150%Rate

Funding earned: −$0.04
Price spread: +0.150% → +0.103%: $4.68
Slippage, 4 orders: −$5.65
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$15.01
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; MEXC: live order book, 5 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, 10 min ago	0.06 bp	5.1 bp −$5	6.0 bp −$60	16.6 bp −$1,665	doesn't fit
Sell MEXC live order book, 5 min ago	0.63 bp	4.5 bp −$4	7.6 bp −$76	27.3 bp −$2,726	43.6 bp −$21.8K

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 −0.0166% / S +0.0337%	1h	787.36	−0.058%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.88	+0.008%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.17	−0.082%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.19	+0.047%	$3.0M	$27.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	788.19	+0.047%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.33	−0.061%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0017%	8h	787.86	+0.005%	$6.0M	$17.9M	200x	as long as short
BingX BNB-USDT	+0.0028%	8h	787.63	−0.024%	—	$22.2M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.192%	$19K	$789K	30x	as long as short
MEXC BNB_USDTshort	+0.0035%	8h	789.00	+0.150%	$82.8M	$12.3M	200x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDTlong	+0.0035%	8h	787.82	long leg	$489.1M	$797.1M	75x
Lighter BNB	+0.0096%	1h	787.42	−0.050%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.35	−0.059%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.93	+0.014%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.59	−0.029%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.20	−0.078%	$138.6M	$72.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.078%	$53.5M	$109.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	−0.028%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	−0.047%	$39.7M	$56.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.01	−0.103%	$27.8M	$9.9M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.05	−0.098%	$75.5M	$32.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.84	+0.003%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.84	+0.002%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.90	+0.010%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.71	−0.014%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.23	−0.075%	$132K	$917K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.35	−0.059%	$265K	$357K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.27	−0.451%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.93	+0.014%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.50	−0.040%	$387K	$940K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.47	−0.044%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.81	−0.001%	$78K	$47K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.96	−0.109%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.34	−0.061%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0107%	8h	787.90	+0.010%	$158K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.14	−0.086%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	787.62	−0.025%	$158K	$38K	10x	as long as short
Phemex BNBUSDT	+0.0124%	8h	787.99	+0.022%	$68.6M	$51.3M	50x	as long as short
BloFin BNB-USDT	+0.0141%	8h	787.98	+0.021%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.71	−0.014%	$1.5M	$141K	25x	as long as short
dYdX BNB-USD	+0.0200%	1h	787.48	−0.043%	$158K	$63K	10x	as long as short
Bulk BNB-USD	+0.0200%	1h	784.80	−0.383%	$636K	$630	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	787.95	+0.017%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	787.12	−0.089%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	787.79	−0.003%	$1.1M	$886K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	787.80	−0.002%	$67K	$39K	12x	as long as short