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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Paradex against KuCoin+0.050%47s7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$340.343% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.006%+$1 on $10k
Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.050%, 7d avg +0.079%
Together, before fees+0.030%+ Points / potential airdropParadex: Active · farm board+$3 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: Paradex is 0.029% 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 +0.079%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BNBUSDTM786.350.0100pay 0.0100% / 8h5h 26m$28.2M$9.6M75x
ShortParadex BNB-USD-PERP786.750.0100get 0.0100% / 8h5h 26m$78K$899K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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: +0.050% → +0.079%
−$2.89
Slippage, 4 orders
−$18.33
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$37.22
Costs to cover
0.343%
Break-even
1994209.3 days
Slippage from KuCoin: live order book, 5 min ago; Paradex: live order book, 20 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, 5 min ago0.32 bp9.3 bp −$917.1 bp −$171doesn't fitdoesn't fit
Sell Paradex live order book, 20 min ago4.70 bp6.7 bp −$7135.5 bp −$1,355doesn't fitdoesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%1h786.36+0.002%$43K200xas long as short
Kraken Futures PF_BNBUSD−0.0086%1h786.29−0.008%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h787.94+0.202%$4K25xas long as short
Aster BNBUSDT0.0000%8h787.06+0.090%$6.0M$16.9M200xas long as short
GRVT BNB_USDT_Perp0.0000%8h786.44+0.011%$2.9M$26.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h786.80+0.057%$155K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h787.54+0.151%$849K$3.0M30xas long as short
Deribit BNB_USDC-PERPETUAL0.0000%1h786.60+0.032%$1.5M$144K25xas long as short
Bybit BNBUSDT+0.0002%8h786.09−0.033%$138.5M$65.8M75xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.56+0.026%$9.5M150xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BNB-USDC+0.0011%8h786.45+0.013%$13.4Mas long as short
MEXC BNB_USDT+0.0012%8h788.10+0.223%$83.3M$11.8M200xas long as short
Binance BNBUSDT+0.0012%8h787.07+0.092%$480.6M$759.8M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.383%$19K$789K30xas long as short
BloFin BNB-USDT+0.0050%8h787.10+0.095%$18.5M$2.2M75xas long as short
Phemex BNBUSDT+0.0088%8h787.01+0.084%$68.3M$50.9M50xas long as short
Lighter BNB+0.0096%1h786.59+0.031%$2.7M$3.3M20xas long as short
Nado BNB-PERP+0.0100%1h786.14−0.027%$1.4M$2.3M20xas long as short
Hyperliquid BNB+0.0100%1h786.95+0.076%$51.9M$16.9M10xas long as short
Pacifica BNB+0.0100%1h786.56+0.026%$1.2M$930K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.30−0.006%$53.3M$101.2M50xas long as short
Arcus BNB-USD+0.0100%1h786.80+0.057%$57K$122K10xas long as short
Gate BNB_USDT+0.0100%8h786.45+0.013%$41.7M$54.2M75xas long as short
KuCoin BNBUSDTMlong+0.0100%8h786.35long leg$28.2M$9.6M75x
Bitget BNBUSDT+0.0100%8h786.13−0.028%$75.7M$31.0M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.99+0.081%$2.2M$6.0M40xas long as short
Variational Omni BNB+0.0100%8h785.47−0.112%$4.3M$4.4Mas long as short
edgeX BNBUSDC+0.0100%4h787.00+0.083%$4.1M$72.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h786.93+0.074%$158K$460K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.37+0.003%$128K$905K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.44+0.011%$264K$297K50xas long as short
SunX BNB-USDT+0.0100%8h786.98+0.080%$12K$1.3M50xas long as short
SoDEX BNB-USD+0.0100%1h786.60+0.032%$387K$926K10xas long as short
HTX BNB-USDT+0.0100%8h786.54+0.024%$8.0M$9.9M75xas long as short
Paradex BNB-USD-PERPshort+0.0100%8h786.75+0.050%$78K$899K50x
Extended BNB-USD+0.0104%1h785.99−0.046%$1.8M$5.6M50xas long as short
Aevo BNB-PERP+0.0104%1h786.17−0.023%$378K$110K10xas long as short
Phoenix BNB+0.0120%1h786.99+0.081%$158K$45K10xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h787.08+0.093%$548K$1.9M50xas long as short
01 Exchange BNBUSD+0.0208%1h787.05+0.089%$28K$3K10xas long as short
Bulk BNB-USD+0.0305%1h787.61+0.160%$638K$81110xas long as short
Reya BNBRUSDPERP+0.0316%1h786.05−0.038%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0336%1h786.64+0.037%$67K$37K12xas long as short
RISEx BNB/USDC+0.0393%1h786.78+0.055%$1.1M$904K20xas long as short
dYdX BNB-USD+0.1175%1h786.11−0.030%$158K$34K10xas long as short