Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0125%/8h= +13.6% APRpaid last 24h +0.018%

Price spread now: 01 Exchange against BloFin+0.013%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BNB-USDT	789.06	0.0187	pay 0.0187% / 8h	2h 05m	$17.6M	$2.2M	75x
Short	01 Exchange BNBUSD	789.16	0.0312	get 0.0039% / 1h	5m 13s	$28K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee BloFinbpFee 01 ExchangebpOrdersPrice spread, now +0.013%Rate

Funding earned: $26.16
Price spread: +0.013% → 0.000%: $1.27
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $8.43
Costs to cover: 0.190%
Break-even: 4.7 days

Slippage unknown: BloFin: live order book, 4 min ago; 01 Exchange: 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 BloFin live order book, 4 min ago	0.06 bp	6.1 bp −$6	6.3 bp −$63	9.9 bp −$994	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 −0.0192% / S +0.0356%	1h	788.46	−0.076%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.19	+0.016%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	−0.003%	$851K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.46	−0.076%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.032%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0044%	8h	789.14	+0.010%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDT	+0.0051%	8h	788.70	−0.046%	—	$22.2M	—	as long as short
Phemex BNBUSDT	+0.0062%	8h	789.08	+0.003%	$69.0M	$50.8M	50x	as long as short
MEXC BNB_USDT	+0.0067%	8h	789.40	+0.043%	$81.0M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.13	+0.009%	$491.2M	$816.0M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	788.40	−0.083%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	−0.086%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.76	−0.038%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.57	−0.062%	$265K	$487K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.80	−0.033%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.26	+0.025%	$51.7M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.90	−0.020%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.46	−0.076%	$138.8M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.50	−0.071%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.80	−0.033%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.50	−0.071%	$36.9M	$59.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.36	−0.089%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.35	−0.090%	$76.3M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.09	+0.004%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.41	−0.082%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.54	−0.066%	$4.1M	$75.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.44	−0.079%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.40	−0.084%	$132K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.73	−0.041%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.05	−0.001%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.51	−0.070%	$8.1M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.01	−0.006%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.18	−0.112%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.53	−0.067%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.87	−0.151%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0118%	1h	788.70	−0.046%	$388K	$989K	10x	as long as short
dYdX BNB-USD	+0.0136%	1h	788.46	−0.076%	$160K	$62K	10x	as long as short
Kalshi KXBNBPERP	+0.0140%	8h	789.20	+0.018%	$163K	$2.7M	4.8x	as long as short
BloFin BNB-USDTlong	+0.0187%	8h	789.06	long leg	$17.6M	$2.2M	75x
GRVT BNB_USDT_Perp	+0.0224%	8h	788.87	−0.024%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.94	−0.015%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSDshort	+0.0312%	1h	789.16	+0.013%	$28K	$4K	10x
Reya BNBRUSDPERP	+0.0323%	1h	788.30	−0.096%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0378%	1h	788.15	−0.115%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	788.84	−0.028%	$1.1M	$902K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	788.09	−0.123%	$67K	$39K	12x	as long as short