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

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.008%
Price spread now: Coinbase International against KuCoin+0.027%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Long on KuCoinShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.075%−$7 on $10k
Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.027%, 7d avg +0.002%
Together, before fees−0.184%−$18 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: Coinbase International is 0.024% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BNBUSDTM784.820.0100pay 0.0100% / 8h10m 14s$27.6M$10.2M75x
ShortCoinbase International BNB-PERP-INTX785.030.0104get 0.0013% / 1h10m 14s$545K$1.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$0.84
Price spread: +0.027% → +0.002%
$2.45
Slippage, 4 orders
−$15.86
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$34.57
Costs to cover
0.379%
Break-even
295.1 days
Slippage from KuCoin: live order book, 9 min ago; Coinbase International: live order book, 3 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, 9 min ago0.45 bp11.0 bp −$1118.4 bp −$18453.5 bp −$5,349doesn't fit
Sell Coinbase International live order book, 3 min ago2.16 bp7.8 bp −$813.5 bp −$135doesn'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 −0.0168% / S +0.0337%1h785.20+0.048%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h785.57+0.096%$4K$4225xas long as short
Kraken Futures PF_BNBUSD−0.0050%1h785.21+0.050%$2.5M$1.2M50xas long as short
Kalshi KXBNBPERP0.0000%8h785.60+0.099%$171K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h785.87+0.134%$847K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h785.24+0.053%$9.5M—150xas long as short
Aster BNBUSDT+0.0033%8h785.72+0.115%$6.0M$18.7M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.583%$19K$789K30xas long as short
BingX BNB-USDT+0.0038%8h785.18+0.046%—$22.1M—as long as short
MEXC BNB_USDT+0.0048%8h786.30+0.189%$80.9M$12.1M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0048%8h785.70+0.112%$488.5M$814.0M75xas long as short
Phemex BNBUSDT+0.0077%8h785.75+0.118%$68.6M$51.1M50xas long as short
Lighter BNB+0.0096%1h785.29+0.059%$2.7M$3.8M20xas long as short
Phoenix BNB+0.0100%1h785.66+0.107%$158K$35K10xas long as short
Nado BNB-PERP+0.0100%1h784.85+0.004%$1.4M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h785.50+0.087%$51.5M$17.7M10xas long as short
Pacifica BNB+0.0100%1h785.22+0.051%$1.2M$938K20xas long as short
Bybit BNBUSDT+0.0100%8h785.00+0.023%$138.1M$73.8M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h784.90+0.010%$53.4M$111.6M50xas long as short
Arcus BNB-USD+0.0100%1h785.30+0.061%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h785.10+0.036%$38.4M$58.7M75xas long as short
KuCoin BNBUSDTMlong+0.0100%8h784.82long leg$27.6M$10.2M75x
Bitget BNBUSDT+0.0100%8h784.81−0.001%$75.3M$32.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h785.35+0.068%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h784.65−0.021%$4.0M$4.7M—as long as short
edgeX BNBUSDC+0.0100%4h785.04+0.028%$4.1M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h785.82+0.127%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h785.08+0.033%$131K$942K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h785.32+0.064%$264K$388K50xas long as short
Derive BNB-PERP+0.0100%1h785.12+0.039%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h785.61+0.101%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h785.40+0.074%$386K$962K10xas long as short
HTX BNB-USDT+0.0100%8h785.38+0.071%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h785.49+0.086%$78K$17K50xas long as short
Extended BNB-USD+0.0104%1h784.96+0.018%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h785.25+0.055%$377K$110K10xas long as short
Coinbase International BNB-PERP-INTXshort+0.0104%1h785.03+0.027%$545K$1.9M50x
dYdX BNB-USD+0.0123%1h784.99+0.022%$159K$62K10xas long as short
BloFin BNB-USDT+0.0169%8h785.51+0.088%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h785.76+0.120%$1.5M$141K25xas long as short
GRVT BNB_USDT_Perp+0.0216%8h785.88+0.135%$2.9M$27.9M10xas long as short
Bulk BNB-USD+0.0231%1h784.93+0.014%$636K$83110xas long as short
01 Exchange BNBUSD+0.0248%1h785.78+0.122%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0320%1h785.03+0.027%$6K$3K40xas long as short
RISEx BNB/USDC+0.0350%1h785.47+0.083%$1.1M$902K20xas long as short
Hibachi BNB/USDT-P+0.0448%1h785.37+0.070%$67K$39K12xas long as short