Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.038%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$170.167% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.119%−$12 · spread now −0.038%, 7d avg −0.108%

Together, before fees−0.118%−$12 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: Binance is 0.070% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	800.90	0.0081	pay 0.0081% / 8h	7h 25m	$83.3M	$13.6M	200x
Short	Binance BNBUSDT	800.59	0.0081	get 0.0081% / 8h	7h 25m	$496.8M	$810.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now −0.038%Rate

Funding earned: $0.07
Price spread: −0.038% → −0.108%: $7
Slippage, 4 orders: −$2.69
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$9.62
Costs to cover: 0.167%
Break-even: 1009.0 days

Slippage from MEXC: live order book, 3 min ago; Binance: 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 MEXC live order book, 3 min ago	1.25 bp	3.2 bp −$3	7.4 bp −$74	23.9 bp −$2,389	41.3 bp −$20.7K
Sell Binance live order book, 3 min ago	0.06 bp	5.1 bp −$5	7.2 bp −$72	20.4 bp −$2,042	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 −0.0159% / S +0.0335%	1h	800.16	−0.093%	$48K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0120%	1h	800.13	−0.096%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.06	−0.230%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0024%	8h	800.21	−0.086%	—	$35.0M	—	as long as short
Bybit BNBUSDT	−0.0009%	8h	799.80	−0.137%	$139.0M	$75.6M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.48	−0.177%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.70	−0.150%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	800.48	−0.052%	$69.9M	$50.1M	50x	as long as short
Variational Omni BNB	+0.0003%	8h	799.72	−0.148%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.14	−0.095%	$9.8M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0023%	8h	799.80	−0.137%	$35.8M	$56.5M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.523%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	800.35	−0.069%	$616K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0060%	8h	800.66	−0.029%	$6.2M	$19.3M	200x	as long as short
MEXC BNB_USDTlong	+0.0081%	8h	800.90	long leg	$83.3M	$13.6M	200x
Binance BNBUSDTshort	+0.0081%	8h	800.59	−0.038%	$496.8M	$810.4M	75x
Lighter BNB	+0.0096%	1h	800.46	−0.055%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.91	−0.248%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.30	−0.200%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.65	−0.156%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.80	−0.137%	$54.3M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.70	−0.150%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.90	−0.125%	$27.9M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.12	−0.097%	$78.9M	$27.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.99	−0.238%	$4.2M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.82	−0.260%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.01	−0.111%	$117K	$878K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.09	−0.101%	$387K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.36	−0.067%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.78	−0.015%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.40	−0.062%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.40	−0.187%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.29	−0.077%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.62	−0.159%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.14	−0.094%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	−0.203%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.74	−0.145%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	800.40	−0.062%	$90K	$2.8M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0200%	1h	799.61	−0.161%	$69K	$38K	12x	as long as short
BloFin BNB-USDT	+0.0201%	8h	799.28	−0.202%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	800.19	−0.089%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0225%	1h	799.33	−0.196%	$161K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	800.74	−0.020%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0306%	1h	801.24	+0.042%	$53.2M	$20.7M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	799.76	−0.142%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0393%	1h	800.89	−0.001%	$2.7M	$5.7M	40x	as long as short