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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h −0.002%
Price spread now: edgeX against MEXC−0.041%68s7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$210.215% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 7 days−0.135%−$14 · spread now −0.041%, 7d avg −0.140%
Together, before fees−0.074%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.100% dearer against MEXC than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.140%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BNB_USDT790.500.0066pay 0.0066% / 8h4h 38m$80.2M$12.3M200x
ShortedgeX BNBUSDC790.180.0100get 0.0050% / 4h38m 22s$4.1M$73.5M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$7.14
Price spread: −0.041% → −0.140%
$9.97
Slippage, 4 orders
−$8.49
Fee MEXC: 2 bp × 2 orders
−$4
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$4.38
Costs to cover
0.215%
Break-even
11.3 days
Slippage from MEXC: live order book, 6 min ago; edgeX: live order book, 1 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, 6 min ago1.26 bp4.2 bp −$48.8 bp −$8825.8 bp −$2,57742.9 bp −$21.4K
Sell edgeX live order book, 1 min ago2.53 bp7.0 bp −$77.0 bp −$7010.7 bp −$1,066doesn'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 −0.0185% / S +0.0350%1h789.65−0.107%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h789.40−0.139%$4K$4225xas long as short
StandX BNB-USD0.0000%1h789.98−0.066%$854K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h789.61−0.113%$9.5M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.846%$19K$789K30xas long as short
Aster BNBUSDT+0.0040%8h789.70−0.101%$6.1M$18.7M200xas long as short
BingX BNB-USDT+0.0054%8h789.66−0.106%$34.4Mas long as short
Coinbase International BNB-PERP-INTX+0.0064%1h789.45−0.133%$582K$1.9M50xas long as short
Binance BNBUSDT+0.0066%8h790.26−0.030%$493.2M$788.9M75xas long as short
MEXC BNB_USDTlong+0.0066%8h790.50long leg$80.2M$12.3M200x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0066%8h789.48−0.129%$69.1M$49.9M50xas long as short
Lighter BNB+0.0096%1h789.25−0.159%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h789.81−0.087%$266K$492K50xas long as short
Nado BNB-PERP+0.0100%1h788.80−0.215%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h790.28−0.028%$51.9M$17.5M10xas long as short
Pacifica BNB+0.0100%1h789.29−0.153%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h789.50−0.127%$138.8M$74.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h789.40−0.139%$53.4M$111.1M50xas long as short
Arcus BNB-USD+0.0100%1h789.50−0.127%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h789.55−0.120%$35.4M$56.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h789.11−0.176%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h789.24−0.159%$76.4M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.25−0.158%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h788.90−0.202%$4.1M$4.6Mas long as short
edgeX BNBUSDCshort+0.0100%4h790.18−0.041%$4.1M$73.5M30x
ApeX Omni BNBUSDT+0.0100%1h789.91−0.075%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h789.60−0.114%$133K$950K10xas long as short
Derive BNB-PERP+0.0100%1h789.90−0.076%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h789.66−0.107%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h789.60−0.114%$388K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h789.71−0.100%$8.1M$9.4M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h789.79−0.090%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h789.10−0.177%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h789.84−0.083%$379K$110K10xas long as short
Phoenix BNB+0.0117%1h789.39−0.140%$170K$35K10xas long as short
dYdX BNB-USD+0.0124%1h788.93−0.198%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0137%8h789.99−0.065%$2.9M$28.2M10xas long as short
Kalshi KXBNBPERP+0.0180%8h790.10−0.051%$124K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0187%8h789.44−0.134%$18.1M$2.2M75xas long as short
01 Exchange BNBUSD+0.0224%1h790.09−0.052%$28K$4K10xas long as short
Kraken Futures PF_BNBUSD+0.0263%1h789.24−0.160%$2.5M$1.2M50xas long as short
Bulk BNB-USD+0.0272%1h789.78−0.091%$640K$9K10xas long as short
Reya BNBRUSDPERP+0.0326%1h789.30−0.151%$6K$3K40xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h790.26−0.030%$1.5M$143K25xas long as short
RISEx BNB/USDC+0.0461%1h789.64−0.108%$1.1M$973K20xas long as short
Hibachi BNB/USDT-P+0.0472%1h789.36−0.145%$67K$38K12xas long as short