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−0.0064%/8h= −7.1% APRpaid last 24h −0.037%
Price spread now: Extended against BloFin−0.116%7-day average −0.139% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$200.204% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.185%−$19 on $10k
Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.116%, 7d avg −0.139%
Together, before fees−0.155%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.023% dearer against BloFin than usual: you sell high and buy low (spread −0.116% now, against its 7-day average of −0.139%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 28 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BNB-USDT785.670.0168pay 0.0168% / 8h13m 17s$17.7M$2.2M75x
ShortExtended BNB-USD784.760.0104get 0.0013% / 1h13m 17s$1.8M$5.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$13.53
Price spread: −0.116% → −0.139%
$2.28
Slippage, 4 orders
−$3.43
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$31.67
Costs to cover
0.204%
Break-even
never at this rate
Slippage from BloFin: live order book, 6 min ago; Extended: live order book, 6 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, 6 min ago0.45 bp6.4 bp −$66.4 bp −$6410.9 bp −$1,088doesn't fit
Sell Extended live order book, 6 min ago0.06 bp2.6 bp −$34.2 bp −$42doesn't fitdoesn'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 −0.0168% / S +0.0337%1h784.52−0.147%$43K200xas long as short
Hotstuff BNB-PERP−0.0080%1h784.94−0.093%$4K$4225xas long as short
Kraken Futures PF_BNBUSD−0.0050%1h785.05−0.079%$2.5M$1.2M50xas long as short
Kalshi KXBNBPERP0.0000%8h785.70+0.004%$170K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h785.34−0.042%$847K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h785.16−0.065%$9.5M150xas long as short
Aster BNBUSDT+0.0033%8h785.69+0.002%$6.0M$18.7M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.472%$19K$789K30xas long as short
BingX BNB-USDC+0.0038%8h785.36−0.039%$13.4Mas long as short
MEXC BNB_USDT+0.0048%8h786.30+0.080%$80.9M$12.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0048%8h785.61−0.008%$488.4M$814.1M75xas long as short
Phemex BNBUSDT+0.0076%8h785.71+0.005%$68.6M$51.0M50xas long as short
Lighter BNB+0.0096%1h785.28−0.050%$2.7M$3.8M20xas long as short
Phoenix BNB+0.0100%1h785.66−0.001%$158K$35K10xas long as short
Nado BNB-PERP+0.0100%1h784.90−0.098%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h785.73+0.008%$51.5M$17.7M10xas long as short
Pacifica BNB+0.0100%1h785.45−0.028%$1.2M$938K20xas long as short
Bybit BNBUSDT+0.0100%8h784.83−0.107%$138.1M$74.0M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h784.80−0.111%$53.4M$111.8M50xas long as short
Arcus BNB-USD+0.0100%1h785.40−0.034%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h785.15−0.066%$38.3M$58.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h784.83−0.107%$27.6M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h784.78−0.113%$75.3M$32.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h785.52−0.019%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h784.43−0.158%$4.0M$4.7Mas long as short
edgeX BNBUSDC+0.0100%4h785.04−0.080%$4.1M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h785.13−0.069%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h785.07−0.076%$131K$942K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h785.20−0.060%$264K$388K50xas long as short
Derive BNB-PERP+0.0100%1h785.17−0.064%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h785.82+0.019%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h785.30−0.047%$386K$963K10xas long as short
HTX BNB-USDT+0.0100%8h785.18−0.062%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h785.72+0.007%$78K$17K50xas long as short
Extended BNB-USDshort+0.0104%1h784.76−0.116%$1.8M$5.8M50x
Aevo BNB-PERP+0.0104%1h785.29−0.049%$377K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0104%1h785.03−0.081%$545K$1.9M50xas long as short
dYdX BNB-USD+0.0117%1h784.99−0.087%$159K$62K10xas long as short
BloFin BNB-USDTlong+0.0168%8h785.67long leg$17.7M$2.2M75x
Deribit BNB_USDC-PERPETUAL+0.0200%1h785.59−0.010%$1.5M$141K25xas long as short
GRVT BNB_USDT_Perp+0.0216%8h785.20−0.060%$2.9M$28.2M10xas long as short
Bulk BNB-USD+0.0231%1h784.93−0.094%$636K$83110xas long as short
01 Exchange BNBUSD+0.0248%1h785.82+0.019%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0320%1h784.93−0.095%$6K$3K40xas long as short
RISEx BNB/USDC+0.0350%1h785.44−0.030%$1.1M$909K20xas long as short
Hibachi BNB/USDT-P+0.0448%1h785.00−0.086%$67K$39K12xas long as short