Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.097%

Price spread now: Paradex against dYdX+0.115%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Paradex

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 airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.115% dearer against dYdX than usual: you sell high and buy low (spread +0.115% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	788.65	0.0120	pay 0.0015% / 1h	13m 20s	$160K	$64K	10x
Short	Paradex BNB-USD-PERP	789.56	0.0101	get 0.0101% / 8h	4h 13m	$77K	$17K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. 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 dYdXbpFee ParadexbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$4.04
Price spread: +0.115% → 0.000%: $11.52
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.51
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 46 min ago; Paradex: 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 dYdX live order book, 46 min ago	11.42 bp	16.4 bp −$16	25.9 bp −$259	30.9 bp −$3,091	143.4 bp −$71.7K
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 −0.0188% / S +0.0353%	1h	789.09	+0.055%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.09	+0.056%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	+0.049%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.15	+0.063%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.084%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.76	+0.141%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0050%	8h	789.13	+0.061%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0053%	8h	789.65	+0.127%	$69.1M	$50.0M	50x	as long as short
MEXC BNB_USDT	+0.0059%	8h	790.10	+0.184%	$80.1M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0060%	8h	789.59	+0.119%	$492.8M	$789.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.101%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.31	+0.084%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.16	+0.064%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.75	+0.012%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.72	+0.135%	$51.8M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.33	+0.086%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.00	+0.044%	$138.8M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.80	+0.019%	$53.4M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.30	+0.082%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.10	+0.057%	$35.5M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.03	+0.048%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.87	+0.028%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.45	+0.101%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.31	−0.043%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.25	+0.075%	$4.1M	$73.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.32	+0.085%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.98	+0.042%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.27	+0.078%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.55	+0.114%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.30	+0.082%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.63	−0.002%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0101%	8h	789.56	+0.115%	$77K	$17K	50x
Extended BNB-USD	+0.0104%	1h	788.78	+0.017%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.15	+0.063%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.14	+0.062%	$170K	$35K	10x	as long as short
dYdX BNB-USDlong	+0.0120%	1h	788.65	long leg	$160K	$64K	10x
GRVT BNB_USDT_Perp	+0.0152%	8h	789.61	+0.122%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	789.60	+0.120%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0180%	8h	789.48	+0.105%	$18.1M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.58	+0.117%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0216%	1h	789.05	+0.050%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.71	+0.134%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.04	+0.050%	$2.5M	$1.2M	50x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.85	+0.025%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0376%	1h	788.88	+0.028%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.46	+0.102%	$1.1M	$967K	20x	as long as short