Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Derive+0.064%166s7-day average — · you sell dearer than you buy

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

Long on Derive Short on edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.064% dearer against Derive than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 166 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	784.27	0.0100	pay 0.0013% / 1h	26m 02s	$31K	$12K	10x
Short	edgeX BNBUSDC	784.76	0.0100	get 0.0050% / 4h	3h 26m	$4.1M	$76.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Derive. 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 DerivebpFee edgeXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → 0.000%: $6.37
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$8.63
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; edgeX: live order book, 3 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	2.55 bp	7.0 bp −$7	7.0 bp −$70	10.8 bp −$1,084	doesn't fit

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 −0.0166% / S +0.0337%	1h	783.80	−0.060%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.72	+0.058%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	783.96	−0.039%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	784.92	+0.083%	$3.0M	$27.3M	10x	as long as short
StandX BNB-USD	0.0000%	1h	785.05	+0.100%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	783.88	−0.050%	$9.4M	—	150x	as long as short
Aster BNBUSDT	+0.0018%	8h	784.52	+0.032%	$5.9M	$18.2M	200x	as long as short
BingX BNB-USDT	+0.0029%	8h	784.15	−0.015%	—	$22.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.655%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0036%	8h	785.60	+0.170%	$82.3M	$12.2M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0036%	8h	784.73	+0.059%	$487.3M	$806.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	784.01	−0.033%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.90	−0.047%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.41	+0.018%	$51.4M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.39	+0.016%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.27	+0.001%	$138.1M	$73.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.20	−0.008%	$53.3M	$109.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.20	−0.008%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	783.95	−0.040%	$39.4M	$55.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	783.63	−0.081%	$27.7M	$9.9M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.52	−0.095%	$75.1M	$32.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.33	+0.008%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.02	−0.031%	$4.2M	$5.0M	—	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	784.76	+0.064%	$4.1M	$76.3M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	784.99	+0.092%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.15	−0.015%	$131K	$922K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	783.98	−0.036%	$264K	$358K	50x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	784.27	long leg	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	784.45	+0.024%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.10	−0.021%	$386K	$941K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	784.40	+0.017%	$1.5M	$141K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.41	+0.018%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.59	+0.041%	$88K	$42K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	783.52	−0.095%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	783.88	−0.049%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0108%	8h	785.40	+0.145%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.76	+0.191%	$547K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	784.43	+0.021%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0144%	8h	784.85	+0.075%	$17.8M	$2.2M	75x	as long as short
dYdX BNB-USD	+0.0161%	1h	784.13	−0.017%	$157K	$65K	10x	as long as short
Bulk BNB-USD	+0.0200%	1h	784.80	+0.068%	$636K	$630	10x	as long as short
Phemex BNBUSDT	+0.0227%	8h	784.63	+0.047%	$68.3M	$51.0M	50x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	784.48	+0.027%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	783.80	−0.059%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	784.32	+0.006%	$1.1M	$905K	20x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	784.66	+0.050%	$67K	$39K	12x	as long as short