Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.038%
Price spread now: edgeX against BloFin−0.076%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$260.264% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.166%−$17 on $10k
Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.076%, 7d avg −0.017%
Together, before fees−0.096%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and edgeX is 0.059% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BNB-USDT788.820.0187pay 0.0187% / 8h2h 07m$17.6M$2.2M75x
ShortedgeX BNBUSDC788.220.0100get 0.0050% / 4h2h 07m$4.1M$75.6M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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

Funding earned
−$18.2
Price spread: −0.076% → −0.017%
−$5.9
Slippage, 4 orders
−$5.36
Fee BloFin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$50.46
Costs to cover
0.264%
Break-even
never at this rate
Slippage from BloFin: live order book, 7 min ago; edgeX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 7 min ago0.13 bp6.1 bp −$67.6 bp −$7611.7 bp −$1,174doesn't fit
Sell edgeX live order book, 2 min ago2.54 bp7.0 bp −$77.0 bp −$7010.7 bp −$1,072doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0192% / S +0.0356%1h788.03−0.100%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.21−0.077%$4K$4225xas long as short
StandX BNB-USD0.0000%1h789.04+0.028%$851K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h788.06−0.096%$9.5M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.063%$19K$789K30xas long as short
Aster BNBUSDT+0.0043%8h788.78−0.005%$6.1M$19.1M200xas long as short
BingX BNB-USDT+0.0050%8h788.31−0.065%$22.2Mas long as short
Phemex BNBUSDT+0.0063%8h788.84+0.003%$69.0M$50.8M50xas long as short
MEXC BNB_USDT+0.0066%8h789.00+0.023%$80.9M$12.1M200xas long as short
Binance BNBUSDT+0.0067%8h788.62−0.025%$490.9M$815.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BNBUSD+0.0069%1h788.12−0.089%$2.5M$1.2M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h788.38−0.056%$569K$1.9M50xas long as short
Lighter BNB+0.0096%1h788.40−0.054%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h788.23−0.075%$265K$490K50xas long as short
Nado BNB-PERP+0.0100%1h787.75−0.136%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h788.81−0.001%$51.6M$17.6M10xas long as short
Pacifica BNB+0.0100%1h788.34−0.061%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h788.03−0.100%$138.7M$75.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h788.00−0.104%$53.6M$113.1M50xas long as short
Arcus BNB-USD+0.0100%1h788.40−0.053%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h788.15−0.085%$36.9M$59.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.95−0.110%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h787.93−0.113%$76.3M$31.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.44−0.048%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.91−0.115%$4.0M$4.8Mas long as short
edgeX BNBUSDCshort+0.0100%4h788.22−0.076%$4.1M$75.6M30x
ApeX Omni BNBUSDT+0.0100%1h787.81−0.128%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.00−0.104%$132K$951K10xas long as short
Derive BNB-PERP+0.0100%1h788.43−0.050%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.73−0.012%$12K$1.5M50xas long as short
HTX BNB-USDT+0.0100%8h788.17−0.082%$8.0M$10.1M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h788.43−0.049%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h787.88−0.120%$1.8M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h788.24−0.074%$379K$110K10xas long as short
Phoenix BNB+0.0107%1h787.87−0.120%$169K$35K10xas long as short
SoDEX BNB-USD+0.0125%1h788.30−0.066%$388K$989K10xas long as short
Kalshi KXBNBPERP+0.0138%8h788.40−0.053%$163K$2.7M4.8xas long as short
dYdX BNB-USD+0.0141%1h787.74−0.137%$160K$62K10xas long as short
BloFin BNB-USDTlong+0.0187%8h788.82long leg$17.6M$2.2M75x
GRVT BNB_USDT_Perp+0.0221%8h788.50−0.041%$2.9M$29.5M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.64−0.023%$1.5M$143K25xas long as short
01 Exchange BNBUSD+0.0312%1h788.78−0.005%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0323%1h787.90−0.116%$6K$3K40xas long as short
Bulk BNB-USD+0.0378%1h788.15−0.085%$639K$4K10xas long as short
RISEx BNB/USDC+0.0432%1h788.41−0.051%$1.1M$902K20xas long as short
Hibachi BNB/USDT-P+0.0552%1h788.50−0.040%$68K$39K12xas long as short