Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: SoDEX against edgeX+0.007%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on edgeX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.007%, 7d avg −0.047%

Together, before fees−0.156%+ Points / potential airdropedgeX: Active · farm board−$16 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: SoDEX is 0.054% dearer against edgeX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BNBUSDC	789.25	0.0100	pay 0.0050% / 4h	13m 17s	$4.1M	$73.4M	30x
Short	SoDEX BNB-USD	789.30	0.0100	get 0.0013% / 1h	13m 17s	$388K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.047%: $5.4
Slippage, 4 orders: −$6.83
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$18.43
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; SoDEX: live order book, just now.

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	2.53 bp	7.0 bp −$7	7.0 bp −$70	11.8 bp −$1,182	doesn't fit
Sell SoDEX live order book, just now	0.63 bp	5.0 bp −$5	8.3 bp −$83	79.6 bp −$7,963	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 −0.0188% / S +0.0353%	1h	789.09	−0.020%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.09	−0.020%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	−0.026%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.15	−0.013%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.008%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.76	+0.066%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0050%	8h	789.13	−0.015%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0053%	8h	789.65	+0.051%	$69.1M	$50.0M	50x	as long as short
MEXC BNB_USDT	+0.0059%	8h	790.10	+0.108%	$80.1M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0060%	8h	789.59	+0.044%	$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	+0.026%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.31	+0.009%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.16	−0.011%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.75	−0.063%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.72	+0.060%	$51.8M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.33	+0.011%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.00	−0.031%	$138.8M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.80	−0.056%	$53.4M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.30	+0.007%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.10	−0.018%	$35.5M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.03	−0.027%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.87	−0.048%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.45	+0.026%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.31	−0.118%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDClong	+0.0100%	4h	789.25	long leg	$4.1M	$73.4M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	789.32	+0.009%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.98	−0.034%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.27	+0.003%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.55	+0.039%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	789.30	+0.007%	$388K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	788.63	−0.077%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.56	+0.040%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.78	−0.059%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.15	−0.012%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.14	−0.013%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0120%	1h	788.65	−0.075%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0152%	8h	789.61	+0.046%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	789.60	+0.045%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0180%	8h	789.48	+0.030%	$18.1M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.58	+0.042%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0216%	1h	789.05	−0.025%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.71	+0.059%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.04	−0.026%	$2.5M	$1.2M	50x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.85	−0.050%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0376%	1h	788.88	−0.047%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.46	+0.027%	$1.1M	$967K	20x	as long as short