Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment −$0.00 per $10,000 · paid last 24h −0.069%

Price spread now: Derive against Bulk−0.010%7-day average — · you buy dearer than you sell

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

Long on Bulk Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk BNB-USD	799.93	0.0100	pay 0.0013% / 1h	6m 46s	$649K	$3K	10x
Short	Derive BNB-PERP	799.85	0.0100	get 0.0013% / 1h	6m 46s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Bulk. 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 BulkbpFee DerivebpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → 0.000%: −$0.97
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$13.97
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bulk: live order book, 26 min ago; Derive: 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 Bulk live order book, 26 min ago	0.06 bp	3.6 bp −$4	3.7 bp −$37	6.1 bp −$613	13.3 bp −$6,651
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 −0.0195% / S +0.0371%	1h	799.77	−0.020%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.93	0.000%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.79	−0.018%	$3.0M	$29.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.92	−0.001%	$865K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	799.86	−0.009%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	800.33	+0.050%	$19K	$513K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	800.07	+0.018%	$601K	$900K	50x	as long as short
Variational Omni BNB	+0.0070%	8h	798.95	−0.123%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDT	+0.0078%	8h	799.76	−0.021%	—	$33.8M	—	as long as short
Aster BNBUSDT	+0.0091%	8h	800.13	+0.025%	$6.3M	$18.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	800.10	+0.021%	$2.9M	$3.9M	20x	as long as short
MEXC BNB_USDT	+0.0097%	8h	800.80	+0.109%	$84.0M	$15.2M	200x	as long as short
Binance BNBUSDT	+0.0098%	8h	800.19	+0.033%	$516.6M	$803.1M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.48	−0.056%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.74	−0.024%	$1.2M	$916K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	799.17	−0.095%	$138.3M	$86.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.20	−0.091%	$54.9M	$116.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.70	−0.029%	$53K	$221K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.45	−0.060%	$35.9M	$59.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.43	−0.063%	$28.0M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.07	−0.108%	$78.4M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.11	+0.022%	$4.2M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.09	+0.020%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.69	−0.030%	$120K	$881K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.70	−0.029%	$386K	$627K	50x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	799.85	−0.010%	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	800.14	+0.026%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	−0.029%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	800.10	+0.021%	$1.6M	$159K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.95	+0.002%	$8.2M	$7.0M	75x	as long as short
Bulk BNB-USDlong	+0.0100%	1h	799.93	long leg	$649K	$3K	10x
Paradex BNB-USD-PERP	+0.0100%	8h	800.18	+0.031%	$78K	$19K	50x	as long as short
Kalshi KXBNBPERP	+0.0101%	8h	800.20	+0.034%	$107K	$2.7M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	799.28	−0.082%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.79	−0.017%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0110%	8h	800.27	+0.043%	$70.0M	$51.8M	50x	as long as short
Phoenix BNB	+0.0151%	1h	799.88	−0.006%	$172K	$28K	10x	as long as short
RISEx BNB/USDC	+0.0165%	1h	799.76	−0.021%	$1.1M	$1.4M	20x	as long as short
Kraken Futures PF_BNBUSD	+0.0185%	1h	799.62	−0.039%	$2.5M	$915K	50x	as long as short
BloFin BNB-USDT	+0.0218%	8h	800.22	+0.036%	$18.9M	$3.0M	75x	as long as short
Hyperliquid BNB	+0.0225%	1h	799.97	+0.005%	$51.3M	$21.4M	10x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	800.35	+0.053%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0312%	1h	800.10	+0.021%	$70K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	799.42	−0.064%	$9K	—	40x	as long as short
dYdX BNB-USD	+0.0363%	1h	799.53	−0.050%	$169K	$55K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0690%	1h	800.70	+0.096%	$3.0M	$5.3M	40x	as long as short