Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against edgeX−0.263%54s7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.262% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days+0.158%+$16 · spread now −0.263%, 7d avg −0.094%

Together, before fees+0.113%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.169% cheaper against edgeX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.094%. The two prices were read 54 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	edgeX BNBUSDC	803.59	0.0100	pay 0.0050% / 4h	42m 38s	$4.2M	$77.8M	30x
Short	Bitget BNBUSDT	801.48	0.0100	get 0.0100% / 8h	42m 38s	$79.5M	$27.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now −0.263%Rate

Funding earned: $0
Price spread: −0.263% → −0.094%: −$16.88
Slippage, 4 orders: −$5.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$43.06
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Bitget: live order book, 1 min ago.

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 edgeX live order book, 1 min ago	1.87 bp	6.4 bp −$6	6.4 bp −$64	9.5 bp −$949	doesn't fit
Sell Bitget live order book, 1 min ago	0.06 bp	6.5 bp −$6	8.6 bp −$86	20.7 bp −$2,074	doesn't fit

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 −0.0201% / S +0.0372%	1h	802.28	−0.163%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.12	−0.183%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	801.85	−0.217%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.47	−0.016%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.81	+0.027%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.33	−0.157%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0027%	8h	802.45	−0.142%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0049%	8h	801.83	−0.219%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0059%	8h	801.40	−0.273%	$139.1M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.357%	$607K	$995K	50x	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	801.91	−0.209%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.10	−0.186%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.05	−0.191%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.40	−0.273%	$54.6M	$113.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.20	−0.173%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.55	−0.254%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.62	−0.245%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	801.48	−0.263%	$79.5M	$27.4M	75x
edgeX BNBUSDClong	+0.0100%	4h	803.59	long leg	$4.2M	$77.8M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	803.34	−0.031%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.29	−0.162%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.21	−0.172%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.43	−0.145%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.28	−0.039%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.20	−0.173%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.26	−0.166%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.40	−0.148%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0102%	8h	802.56	−0.128%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.25	−0.292%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.20	−0.174%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0112%	8h	802.62	−0.121%	$70.2M	$50.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	802.70	−0.111%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0123%	8h	802.38	−0.151%	$501.8M	$817.4M	75x	as long as short
MEXC BNB_USDT	+0.0124%	8h	802.60	−0.124%	$83.5M	$13.5M	200x	as long as short
Phoenix BNB	+0.0127%	1h	803.09	−0.063%	$173K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	802.54	−0.131%	$1.6M	$165K	25x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	803.19	−0.050%	$71K	$43K	12x	as long as short
Hyperliquid BNB	+0.0226%	1h	802.56	−0.128%	$52.0M	$21.4M	10x	as long as short
BloFin BNB-USDT	+0.0245%	8h	802.88	−0.089%	$18.2M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	801.90	−0.211%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.186%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	−0.002%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.98	−0.201%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	802.40	−0.148%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0367%	1h	802.77	−0.102%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0441%	1h	802.20	−0.174%	$162K	$62K	10x	as long as short