Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Derive against KuCoin+0.013%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	798.31	0.0100	pay 0.0100% / 8h	7h 52m	$27.9M	$10.2M	75x
Short	Derive BNB-PERP	798.42	0.0100	get 0.0013% / 1h	52m 45s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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

Position, each leg$Hold fordaysFee KuCoinbpFee DerivebpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → 0.000%: $1.34
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: −$16.66
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	0.44 bp	6.9 bp −$7	18.2 bp −$182	54.7 bp −$5,465	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	798.31	0.000%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.01	−0.037%	$2.5M	$975K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.67	+0.045%	$4K	$239	25x	as long as short
Bybit BNBUSDT	−0.0059%	8h	797.70	−0.076%	$138.5M	$77.0M	75x	as long as short
Gate BNB_USDT	−0.0052%	8h	798.00	−0.039%	$35.7M	$55.7M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.17	+0.108%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.85	+0.068%	$863K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.36	+0.006%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	798.14	−0.021%	$4.1M	$5.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.849%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0041%	8h	798.82	+0.064%	$69.8M	$50.7M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.68	+0.046%	$602K	$985K	50x	as long as short
Aster BNBUSDT	+0.0072%	8h	798.72	+0.051%	$6.2M	$19.3M	200x	as long as short
BingX BNB-USDT	+0.0077%	8h	798.21	−0.013%	—	$35.2M	—	as long as short
MEXC BNB_USDT	+0.0093%	8h	799.10	+0.099%	$83.1M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0093%	8h	798.45	+0.018%	$496.3M	$818.5M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.50	+0.024%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.71	+0.050%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.11	−0.025%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.63	+0.040%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.70	−0.076%	$54.2M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.50	+0.024%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	798.31	long leg	$27.9M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	797.55	−0.095%	$78.7M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.16	+0.106%	$4.2M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.127%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.38	+0.009%	$118K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.28	−0.004%	$386K	$481K	50x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	798.42	+0.013%	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	798.78	+0.058%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.40	+0.011%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.40	+0.011%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.33	+0.128%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.67	−0.080%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.04	+0.091%	$384K	$102K	10x	as long as short
Hibachi BNB/USDT-P	+0.0144%	1h	798.22	−0.011%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0152%	8h	799.00	+0.086%	$90K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.41	+0.013%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0158%	1h	799.24	+0.116%	$649K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.74	+0.054%	$1.6M	$160K	25x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	798.93	+0.078%	$28K	$1K	10x	as long as short
BloFin BNB-USDT	+0.0213%	8h	798.86	+0.069%	$18.1M	$2.5M	75x	as long as short
dYdX BNB-USD	+0.0254%	1h	798.21	−0.012%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0325%	1h	799.03	+0.090%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.96	−0.044%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0372%	1h	798.82	+0.064%	$53.0M	$20.6M	10x	as long as short