Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0418%/8h= +45.8% APRpaid last 24h +0.087%

Price spread now: Hibachi against BingX+0.107%49s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.505%+$51 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hibachi is 0.107% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	BingX BNB-USDT	789.12	0.0054	pay 0.0054% / 8h	4h 38m	—	$34.4M	—
Short	Hibachi BNB/USDT-P	789.96	0.0472	get 0.0059% / 1h	38m 41s	$67K	$38K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against BingX. 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 BingXbpFee HibachibpOrdersPrice spread, now +0.107%Rate

Funding earned: $87.78
Price spread: +0.107% → 0.000%: $10.67
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $79.45
Costs to cover: 0.190%
Break-even: 0.7 days

Slippage unknown: BingX: live order book, 15 min ago; Hibachi: no order-book sample. Net counts fees only.

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 BingX live order book, 15 min ago	0.13 bp	5.5 bp −$6	6.5 bp −$65	13.3 bp −$1,334	36.3 bp −$18.2K
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0184% / S +0.0349%	1h	789.17	+0.007%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.56	+0.056%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.05	+0.118%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.06	−0.008%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.024%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0040%	8h	789.51	+0.049%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDTlong	+0.0054%	8h	789.12	long leg	—	$34.4M	—
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.042%	$582K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0066%	8h	789.62	+0.063%	$492.8M	$788.7M	75x	as long as short
MEXC BNB_USDT	+0.0066%	8h	789.90	+0.099%	$80.2M	$12.3M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0066%	8h	789.48	+0.046%	$69.1M	$49.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.25	+0.016%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.00	−0.015%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.10	−0.003%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.58	+0.058%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.29	+0.022%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.77	−0.044%	$138.7M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.90	−0.028%	$53.3M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.50	+0.048%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.80	−0.041%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.93	−0.024%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.80	−0.041%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.25	+0.016%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.90	−0.027%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.18	+0.134%	$4.1M	$73.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.91	+0.100%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.08	−0.005%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.05	−0.009%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.90	+0.098%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.00	−0.015%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.71	+0.075%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.79	+0.085%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.60	−0.066%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.93	−0.024%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.39	+0.034%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0124%	1h	788.93	−0.024%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0137%	8h	789.99	+0.110%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0180%	8h	790.10	+0.124%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	789.44	+0.041%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.57	+0.057%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0264%	1h	788.68	−0.056%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0272%	1h	789.78	+0.084%	$640K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.32	+0.025%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.80	−0.040%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.39	+0.034%	$1.1M	$973K	20x	as long as short
Hibachi BNB/USDT-Pshort	+0.0472%	1h	789.96	+0.107%	$67K	$38K	12x