Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h −0.003%

Price spread now: SoDEX against Binance−0.068%7-day average −0.062% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now −0.068%, 7d avg −0.062%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.062%, so right now this pair is about funding alone: +$2 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	806.45	0.0119	pay 0.0119% / 8h	1h 46m	$520.9M	$804.3M	75x
Short	SoDEX BNB-USD	805.90	0.0182	get 0.0023% / 1h	46m 11s	$396K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $13.12
Price spread: −0.068% → −0.062%: −$0.6
Slippage, 4 orders: −$1.98
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$7.46
Costs to cover: 0.200%
Break-even: 11.0 days

Slippage from Binance: live order book, 13 min ago; SoDEX: 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 Binance live order book, 13 min ago	0.06 bp	5.3 bp −$5	7.1 bp −$71	16.9 bp −$1,694	doesn't fit
Sell SoDEX live order book, 3 min ago	0.62 bp	4.6 bp −$5	8.5 bp −$85	76.2 bp −$7,622	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	805.51	−0.117%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.30	−0.018%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.16	−0.160%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.10	−0.043%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	805.84	−0.076%	$871K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.54	−0.113%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0047%	8h	804.38	−0.256%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0059%	8h	805.61	−0.104%	—	$34.5M	—	as long as short
Hibachi BNB/USDT-P	+0.0072%	1h	805.46	−0.122%	$71K	$48K	12x	as long as short
Bybit BNBUSDT	+0.0085%	8h	805.20	−0.155%	$139.5M	$81.9M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	806.00	−0.055%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.54	−0.113%	$608K	$882K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.12	−0.165%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.69	−0.094%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.40	−0.130%	$55.1M	$116.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.80	−0.080%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.45	−0.124%	$36.1M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.27	−0.146%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.41	−0.129%	$78.7M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.44	−0.125%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.50	−0.118%	$162K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.38	−0.133%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.75	−0.087%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.93	−0.065%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.34	−0.014%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.57	−0.109%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.13	−0.039%	$79K	$19K	50x	as long as short
Aster BNBUSDT	+0.0104%	8h	806.13	−0.040%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	805.37	−0.134%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.02	−0.054%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	806.60	+0.019%	$84.7M	$13.4M	200x	as long as short
Binance BNBUSDTlong	+0.0119%	8h	806.45	long leg	$520.9M	$804.3M	75x
Phemex BNBUSDT	+0.0132%	8h	806.33	−0.015%	$70.4M	$51.9M	50x	as long as short
Phoenix BNB	+0.0155%	1h	805.60	−0.105%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0173%	1h	806.24	−0.026%	$51.9M	$22.0M	10x	as long as short
SoDEX BNB-USDshort	+0.0182%	1h	805.90	−0.068%	$396K	$1.0M	10x
dYdX BNB-USD	+0.0193%	1h	805.84	−0.076%	$162K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.81	−0.079%	$2.5M	$929K	50x	as long as short
BloFin BNB-USDT	+0.0238%	8h	806.34	−0.014%	$18.8M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0274%	1h	805.55	−0.111%	$651K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	806.29	−0.020%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.169%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	805.68	−0.096%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.17	−0.158%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	806.37	−0.010%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0713%	1h	806.41	−0.005%	$3.0M	$5.5M	40x	as long as short