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+0.0041%/8h= +4.5% APRpaid last 24h +0.045%
Price spread now: Backpack against MEXC−0.099%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$180.177% of the position
Long on MEXCShort on Backpack
What this pair did over the last
the charts below follow
Funding, last 7 days+0.175%+$18 on $10k
Price spread, last 7 days+0.048%+$5 · spread now −0.099%, 7d avg −0.058%
Together, before fees+0.223%+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.041% cheaper against MEXC than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.058%). If the spread goes back, that is −$4 on $10k: about 3.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.175% in total) that is about 39 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BNB_USDT788.800.0059pay 0.0059% / 8h1h 05m$81.1M$12.1M200x
ShortBackpack BNB_USDC_PERP788.020.0100get 0.0013% / 1h5m 42s$2.2M$6.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against MEXC. 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
$8.61
Price spread: −0.099% → −0.058%
−$4.06
Slippage, 4 orders
−$3.72
Fee MEXC: 2 bp × 2 orders
−$4
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$13.17
Costs to cover
0.177%
Break-even
17.7 days
Slippage from MEXC: live order book, 3 min ago; Backpack: 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 MEXC live order book, 3 min ago0.63 bp2.6 bp −$37.9 bp −$7920.5 bp −$2,05238.0 bp −$19.0K
Sell Backpack live order book, 3 min ago0.06 bp5.7 bp −$67.5 bp −$75doesn'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 −0.0170% / S +0.0337%1h787.65−0.146%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.02−0.099%$4K$4225xas long as short
StandX BNB-USD0.0000%1h788.25−0.070%$850K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.67−0.143%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.065%$19K$789K30xas long as short
BingX BNB-USDC+0.0049%8h787.55−0.158%—$13.4M—as long as short
Aster BNBUSDT+0.0050%8h787.98−0.104%$6.1M$18.8M200xas long as short
MEXC BNB_USDTlong+0.0059%8h788.80long leg$81.1M$12.1M200x
Binance BNBUSDT+0.0059%8h787.87−0.118%$490.4M$820.9M75xas long as short
dYdX BNB-USD+0.0061%1h787.30−0.190%$160K$62K10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0072%8h788.21−0.075%$68.9M$51.1M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h787.43−0.174%$564K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.57−0.156%$2.7M$3.9M20xas long as short
Nado BNB-PERP+0.0100%1h787.75−0.133%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h788.03−0.098%$51.6M$17.7M10xas long as short
Pacifica BNB+0.0100%1h788.13−0.085%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.30−0.190%$138.5M$75.0M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.10−0.216%$53.6M$113.2M50xas long as short
Arcus BNB-USD+0.0100%1h787.90−0.114%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h787.50−0.165%$37.9M$59.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.23−0.199%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h787.20−0.203%$76.8M$31.6M75xas long as short
Backpack BNB_USDC_PERPshort+0.0100%1h788.02−0.099%$2.2M$6.1M40x
Variational Omni BNB+0.0100%8h787.51−0.163%$4.0M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h787.68−0.142%$4.1M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.74−0.134%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.76−0.132%$132K$953K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.77−0.131%$265K$470K50xas long as short
Derive BNB-PERP+0.0100%1h787.83−0.123%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.00−0.102%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.80−0.127%$387K$979K10xas long as short
HTX BNB-USDT+0.0100%8h788.16−0.081%$8.0M$10.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.79−0.002%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h787.23−0.200%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h787.48−0.167%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0117%8h788.40−0.051%$170K$2.7M4.8xas long as short
Phoenix BNB+0.0135%1h787.68−0.142%$169K$35K10xas long as short
BloFin BNB-USDT+0.0180%8h788.23−0.072%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h787.97−0.105%$1.5M$145K25xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h787.39−0.179%$2.5M$1.2M50xas long as short
Bulk BNB-USD+0.0222%1h787.85−0.121%$639K$83110xas long as short
GRVT BNB_USDT_Perp+0.0228%8h787.96−0.107%$2.9M$29.3M10xas long as short
01 Exchange BNBUSD+0.0248%1h788.44−0.046%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0321%1h787.60−0.152%$6K$3K40xas long as short
RISEx BNB/USDC+0.0438%1h788.09−0.091%$1.1M$915K20xas long as short
Hibachi BNB/USDT-P+0.0480%1h787.72−0.137%$67K$39K12xas long as short