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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.049%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.049%, 7d avg −0.007%

Together, before fees+0.002%$0 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: OKX is 0.042% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	800.39	0.0100	pay 0.0100% / 8h	35m 52s	$28.0M	$10.3M	75x
Short	OKX BNB-USDT-SWAP	800.00	0.0100	get 0.0100% / 8h	35m 52s	$54.5M	$113.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.007%: −$4.18
Slippage, 4 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$38.18
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 3 min ago.

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, 3 min ago	0.50 bp	11.0 bp −$11	20.2 bp −$202	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.62 bp	5.6 bp −$6	7.5 bp −$75	19.0 bp −$1,900	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 −0.0201% / S +0.0372%	1h	800.45	+0.007%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.78	+0.049%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	800.32	−0.009%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.40	+0.251%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	801.79	+0.175%	$866K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.47	+0.010%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0021%	8h	799.96	−0.054%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0045%	8h	800.46	+0.009%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0053%	8h	800.10	−0.036%	$138.9M	$78.5M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	+0.041%	$607K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	800.80	+0.052%	$2.8M	$4.1M	20x	as long as short
Aster BNBUSDT	+0.0096%	8h	801.02	+0.079%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.10	−0.036%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.61	+0.027%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	800.00	−0.049%	$54.5M	$113.2M	50x
Arcus BNB-USD	+0.0100%	1h	800.90	+0.064%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.20	−0.024%	$35.8M	$57.9M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	800.39	long leg	$28.0M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	800.09	−0.037%	$79.4M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.35	+0.120%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.29	+0.112%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.34	−0.006%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.43	+0.005%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.67	+0.035%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.00	+0.077%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.60	+0.026%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.61	+0.027%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.01	+0.078%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.99	−0.050%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.62	+0.029%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0113%	8h	801.05	+0.082%	$70.0M	$50.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	801.20	+0.101%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0119%	8h	801.02	+0.079%	$500.3M	$816.9M	75x	as long as short
MEXC BNB_USDT	+0.0119%	8h	801.30	+0.114%	$83.3M	$13.5M	200x	as long as short
Phoenix BNB	+0.0127%	1h	802.03	+0.205%	$172K	$36K	10x	as long as short
Hyperliquid BNB	+0.0196%	1h	801.11	+0.090%	$51.9M	$21.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.88	+0.061%	$1.6M	$165K	25x	as long as short
Hibachi BNB/USDT-P	+0.0208%	1h	800.65	+0.033%	$70K	$44K	12x	as long as short
BloFin BNB-USDT	+0.0240%	8h	801.06	+0.084%	$18.2M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	800.65	+0.032%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0305%	1h	801.82	+0.179%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.587%	$19K	$789K	30x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	801.10	+0.089%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.98	−0.051%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0410%	1h	801.57	+0.147%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0412%	1h	800.76	+0.047%	$161K	$62K	10x	as long as short