Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: SoDEX against Bitget+0.045%7-day average +0.061% · 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−$25as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.045%, 7d avg +0.061%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	798.64	0.0100	pay 0.0100% / 8h	1h 08m	$80.6M	$26.6M	75x
Short	SoDEX BNB-USD	799.00	0.0100	get 0.0013% / 1h	8m 05s	$393K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bitget. 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 BitgetbpFee SoDEXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.061%: −$1.62
Slippage, 4 orders: −$3.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$25.49
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; SoDEX: live order book, 1 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 Bitget live order book, 6 min ago	0.06 bp	6.8 bp −$7	12.4 bp −$124	31.7 bp −$3,175	doesn't fit
Sell SoDEX live order book, 1 min ago	0.63 bp	5.0 bp −$5	9.4 bp −$94	83.7 bp −$8,372	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	799.08	+0.054%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.25	+0.202%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.06	+0.178%	$3.0M	$29.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.63	+0.249%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.08	+0.055%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0030%	8h	799.14	+0.063%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0055%	8h	799.11	+0.059%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0065%	8h	798.60	−0.005%	$139.0M	$78.5M	75x	as long as short
Aster BNBUSDT	+0.0096%	8h	799.58	+0.118%	$6.3M	$19.0M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.10	+0.058%	$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	799.10	+0.058%	$608K	$992K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.74	+0.012%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.07	+0.179%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.70	+0.008%	$54.6M	$113.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.00	+0.170%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.75	+0.014%	$35.7M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.78	+0.018%	$27.9M	$10.3M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	798.64	long leg	$80.6M	$26.6M	75x
edgeX BNBUSDC	+0.0100%	4h	800.16	+0.191%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.33	+0.212%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.26	+0.078%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.92	+0.035%	$386K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.06	+0.053%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.47	+0.230%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	799.00	+0.045%	$393K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	799.09	+0.057%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.39	+0.219%	$78K	$19K	50x	as long as short
Kalshi KXBNBPERP	+0.0100%	8h	799.90	+0.158%	$123K	$2.9M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	798.52	−0.015%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.12	+0.060%	$384K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	799.80	+0.145%	$83.1M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0116%	8h	799.48	+0.105%	$502.1M	$820.9M	75x	as long as short
Phemex BNBUSDT	+0.0116%	8h	799.46	+0.103%	$69.9M	$51.2M	50x	as long as short
Phoenix BNB	+0.0155%	1h	800.04	+0.175%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.37	+0.091%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	798.75	+0.014%	$2.6M	$966K	50x	as long as short
Hibachi BNB/USDT-P	+0.0216%	1h	799.95	+0.164%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0236%	8h	800.36	+0.215%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	+0.196%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.808%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	799.90	+0.158%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0320%	1h	799.69	+0.131%	$51.7M	$21.6M	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.38	+0.218%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	798.57	−0.008%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0349%	1h	799.29	+0.081%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0570%	1h	799.79	+0.144%	$2.7M	$5.7M	40x	as long as short