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 −0.005%

Price spread now: Derive against edgeX−0.235%74s7-day average — · you buy dearer than you sell

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

Long on edgeX 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—+ 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: Derive is 0.235% cheaper against edgeX than usual: you would sell low and buy high, −$23 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 74 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	799.89	0.0100	pay 0.0050% / 4h	24m 00s	$4.2M	$76.1M	30x
Short	Derive BNB-PERP	798.01	0.0100	get 0.0013% / 1h	24m 00s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.235%Rate

Funding earned: $0
Price spread: −0.235% → 0.000%: −$23.49
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: −$38.49
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 5 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 edgeX live order book, 5 min ago	2.50 bp	7.0 bp −$7	7.0 bp −$70	10.7 bp −$1,071	doesn't fit
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 −0.0201% / S +0.0372%	1h	797.86	−0.254%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.26	−0.204%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	797.75	−0.268%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.10	−0.099%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.15	−0.093%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.96	−0.242%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0013%	8h	798.06	−0.229%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0038%	8h	797.88	−0.251%	—	$13.4M	—	as long as short
Bybit BNBUSDT	+0.0044%	8h	797.40	−0.311%	$138.3M	$76.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	0.000%	$606K	$986K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0090%	8h	798.36	−0.192%	$6.3M	$19.0M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.03	−0.233%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.65	−0.280%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.24	−0.206%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.60	−0.286%	$54.2M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.20	−0.211%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	797.60	−0.286%	$35.7M	$58.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.77	−0.265%	$27.9M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.49	−0.300%	$78.9M	$27.5M	75x	as long as short
edgeX BNBUSDClong	+0.0100%	4h	799.89	long leg	$4.2M	$76.1M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	800.17	+0.035%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.76	−0.266%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.61	−0.285%	$385K	$497K	50x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	798.01	−0.235%	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	798.20	−0.212%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	797.90	−0.249%	$392K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.03	−0.233%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.47	−0.302%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.44	−0.181%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.44	−0.307%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.86	−0.254%	$383K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0110%	8h	798.45	−0.180%	$69.8M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0111%	8h	798.80	−0.136%	$82.9M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0112%	8h	798.30	−0.199%	$498.5M	$817.7M	75x	as long as short
Kalshi KXBNBPERP	+0.0123%	8h	798.60	−0.161%	$89K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.12	+0.029%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0176%	1h	798.45	−0.180%	$70K	$43K	12x	as long as short
Hyperliquid BNB	+0.0197%	1h	798.68	−0.151%	$52.4M	$21.2M	10x	as long as short
BloFin BNB-USDT	+0.0232%	8h	798.94	−0.119%	$18.2M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.018%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.08	−0.226%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	798.48	−0.176%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.650%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.53	−0.295%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0382%	1h	798.50	−0.173%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0397%	1h	798.47	−0.178%	$2.7M	$5.7M	40x	as long as short