Settings8H · net · $10k
Funding arb · Price arb /

BNB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Arcus against KuCoin+0.080%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$460.463% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.073%+$7 on $10k
Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.080%, 7d avg +0.112%
Together, before fees+0.117%+$12 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: Arcus is 0.032% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.112%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BNBUSDTM800.960.0100pay 0.0100% / 8h40m 29s$28.0M$10.3M75x
ShortArcus BNB-USD801.600.0100get 0.0013% / 1h40m 29s$53K$133K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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

Funding earned
$0
Price spread: +0.080% → +0.112%
−$3.25
Slippage, 4 orders
−$29.76
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$49.51
Costs to cover
0.463%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Arcus: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago0.87 bp10.3 bp −$1020.5 bp −$205doesn't fitdoesn't fit
Sell Arcus live order book, 38 min ago5.61 bp12.4 bp −$1224.5 bp −$245doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h802.02+0.132%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h801.50+0.067%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h801.61+0.081%$2.6M$970K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h802.87+0.238%$3.0M$28.0M10xas long as short
StandX BNB-USD0.0000%1h802.64+0.210%$867K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h801.96+0.125%$9.8M150xas long as short
Variational Omni BNB+0.0027%8h802.45+0.186%$4.2M$5.4Mas long as short
BingX BNB-USDC+0.0049%8h801.84+0.110%$13.3Mas long as short
Bybit BNBUSDT+0.0058%8h800.70−0.032%$139.0M$78.6M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h800.72−0.030%$607K$995K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h801.71+0.094%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h800.74−0.027%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h801.47+0.064%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h800.80−0.020%$54.6M$113.3M50xas long as short
Arcus BNB-USDshort+0.0100%1h801.60+0.080%$53K$133K10x
Gate BNB_USDT+0.0100%8h801.00+0.005%$35.9M$57.8M75xas long as short
KuCoin BNBUSDTMlong+0.0100%8h800.96long leg$28.0M$10.3M75x
Bitget BNBUSDT+0.0100%8h801.04+0.010%$79.5M$27.4M75xas long as short
edgeX BNBUSDC+0.0100%4h803.59+0.329%$4.2M$77.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.34+0.297%$162K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h800.95−0.001%$117K$875K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h801.89+0.116%$387K$497K50xas long as short
Derive BNB-PERP+0.0100%1h802.07+0.139%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h802.20+0.155%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h801.90+0.117%$394K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h801.87+0.114%$8.2M$8.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h801.80+0.104%$78K$19K50xas long as short
Aster BNBUSDT+0.0100%8h801.79+0.104%$6.3M$19.0M200xas long as short
Extended BNB-USD+0.0104%1h800.66−0.037%$1.8M$6.4M50xas long as short
Aevo BNB-PERP+0.0104%1h801.90+0.117%$385K$40K10xas long as short
Phemex BNBUSDT+0.0112%8h802.42+0.182%$70.1M$50.9M50xas long as short
Kalshi KXBNBPERP+0.0114%8h802.40+0.180%$110K$2.9M4.8xas long as short
Binance BNBUSDT+0.0122%8h801.62+0.082%$501.3M$817.1M75xas long as short
MEXC BNB_USDT+0.0123%8h801.90+0.117%$83.4M$13.5M200xas long as short
Phoenix BNB+0.0127%1h802.03+0.134%$172K$36K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h802.17+0.151%$1.6M$165K25xas long as short
Hyperliquid BNB+0.0211%1h801.71+0.094%$51.9M$21.4M10xas long as short
Hibachi BNB/USDT-P+0.0224%1h802.11+0.144%$70K$44K12xas long as short
BloFin BNB-USDT+0.0243%8h802.44+0.185%$18.3M$2.5M75xas long as short
RISEx BNB/USDC+0.0258%1h801.35+0.049%$1.1M$1.4M20xas long as short
Bulk BNB-USD+0.0305%1h801.82+0.107%$651K$20K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.516%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0332%1h800.63−0.042%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h801.83+0.109%$28K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0366%1h802.53+0.196%$2.7M$5.7M40xas long as short
dYdX BNB-USD+0.0428%1h801.50+0.067%$162K$62K10xas long as short