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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.013%
Price spread now: Binance against Coinbase International−0.052%7-day average +0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$280.278% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 3 days (all we have)+0.282%+$28 · spread now −0.052%, 7d avg +0.098%
Together, before fees+0.329%+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.150% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.098%). If the spread goes back, that is −$15 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.048% in total) that is about 22 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International BNB-PERP-INTX798.680.0048pay 0.0006% / 1h55m 11s$602K$985K50x
ShortBinance BNBUSDT798.260.0094get 0.0094% / 8h7h 55m$496.6M$818.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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
$9.58
Price spread: −0.052% → +0.098%
−$15.02
Slippage, 4 orders
−$7.78
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$33.22
Costs to cover
0.278%
Break-even
31.3 days
Slippage from Coinbase International: live order book, 18 min ago; Binance: live order book, 4 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 Coinbase International live order book, 18 min ago2.63 bp9.6 bp −$1013.8 bp −$138doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago0.06 bp5.1 bp −$55.7 bp −$5716.7 bp −$1,670doesn'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 −0.0201% / S +0.0372%1h797.64−0.130%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h797.62−0.133%$2.5M$974K50xas long as short
Gate BNB_USDT−0.0108%8h797.90−0.098%$35.7M$55.6M75xas long as short
Hotstuff BNB-PERP−0.0080%1h798.40−0.035%$4K$23925xas long as short
Bybit BNBUSDT−0.0009%8h797.72−0.120%$138.5M$76.9M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.17+0.061%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.18+0.063%$864K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h797.70−0.122%$9.7M150xas long as short
Variational Omni BNB+0.0010%8h798.14−0.067%$4.1M$5.4Mas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.803%$19K$789K30xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0046%8h798.19−0.061%$69.8M$50.8M50xas long as short
Coinbase International BNB-PERP-INTXlong+0.0048%1h798.68long leg$602K$985K50x
Aster BNBUSDT+0.0073%8h798.14−0.067%$6.2M$19.3M200xas long as short
BingX BNB-USDT+0.0077%8h798.02−0.083%$35.2Mas long as short
Binance BNBUSDTshort+0.0094%8h798.26−0.052%$496.6M$818.2M75x
MEXC BNB_USDT+0.0094%8h798.50−0.023%$83.0M$13.5M200xas long as short
Lighter BNB+0.0096%1h797.93−0.093%$2.8M$4.0M20xas long as short
Nado BNB-PERP+0.0100%1h797.45−0.154%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.23−0.057%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.80−0.110%$54.2M$112.3M50xas long as short
Arcus BNB-USD+0.0100%1h798.20−0.060%$52K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h797.56−0.140%$27.9M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h797.71−0.121%$78.7M$27.6M75xas long as short
edgeX BNBUSDC+0.0100%4h799.16+0.060%$4.2M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.32+0.080%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h797.60−0.135%$116K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h797.67−0.126%$385K$481K50xas long as short
Derive BNB-PERP+0.0100%1h797.74−0.118%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.18−0.063%$12K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h797.90−0.098%$392K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h797.98−0.088%$1.6M$160K25xas long as short
HTX BNB-USDT+0.0100%8h797.84−0.105%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.74+0.007%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h797.25−0.179%$1.8M$6.6M50xas long as short
Aevo BNB-PERP+0.0104%1h798.22−0.057%$383K$129K10xas long as short
Phoenix BNB+0.0127%1h799.10+0.053%$172K$36K10xas long as short
Hibachi BNB/USDT-P+0.0144%1h798.30−0.048%$70K$43K12xas long as short
Kalshi KXBNBPERP+0.0153%8h798.60−0.010%$90K$2.9M4.8xas long as short
RISEx BNB/USDC+0.0155%1h797.87−0.101%$1.1M$1.4M20xas long as short
Bulk BNB-USD+0.0158%1h799.24+0.070%$649K$14K10xas long as short
01 Exchange BNBUSD+0.0208%1h797.99−0.086%$28K$1K10xas long as short
BloFin BNB-USDT+0.0214%8h798.20−0.060%$18.1M$2.5M75xas long as short
dYdX BNB-USD+0.0275%1h798.21−0.059%$161K$63K10xas long as short
Backpack BNB_USDC_PERP+0.0302%1h798.87+0.024%$2.7M$5.7M40xas long as short
Reya BNBRUSDPERP+0.0331%1h797.23−0.181%$6K$3K40xas long as short
Hyperliquid BNB+0.0353%1h799.00+0.040%$52.9M$21.1M10xas long as short