Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against OKX+0.177%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.177%, 7d avg +0.073%

Together, before fees−0.051%+ Points / potential airdropedgeX: Active · farm board−$5 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: edgeX is 0.104% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	793.50	0.0100	pay 0.0100% / 8h	6h 19m	$53.2M	$110.2M	50x
Short	edgeX BNBUSDC	794.91	0.0100	get 0.0050% / 4h	2h 19m	$4.1M	$76.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.177%Rate

Funding earned: $0
Price spread: +0.177% → +0.073%: $10.43
Slippage, 4 orders: −$6.85
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$15.42
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; edgeX: live order book, 5 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 OKX live order book, 5 min ago	0.63 bp	5.6 bp −$6	7.0 bp −$70	18.1 bp −$1,808	doesn't fit
Sell edgeX live order book, 5 min ago	2.51 bp	7.0 bp −$7	7.0 bp −$70	11.3 bp −$1,127	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	793.03	−0.059%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	793.42	−0.009%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.56	+0.008%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	794.40	+0.113%	$858K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.16	−0.043%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.461%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	793.70	+0.025%	$6.1M	$19.7M	200x	as long as short
Variational Omni BNB	+0.0038%	8h	794.10	+0.076%	$4.1M	$4.9M	—	as long as short
BingX BNB-USDT	+0.0050%	8h	793.54	+0.005%	—	$34.9M	—	as long as short
Gate BNB_USDT	+0.0053%	8h	793.50	0.000%	$35.4M	$56.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.256%	$610K	$1.1M	50x	as long as short
Phemex BNBUSDT	+0.0059%	8h	793.80	+0.038%	$69.4M	$50.7M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	794.30	+0.101%	$82.5M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	794.35	+0.107%	$494.1M	$810.1M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0070%	8h	795.62	+0.267%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0075%	1h	792.94	−0.070%	$160K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	794.99	+0.188%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.52	+0.002%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.20	−0.038%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.05	−0.057%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	794.16	+0.083%	$52.0M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	793.40	−0.012%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	793.70	+0.025%	$138.7M	$75.6M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	793.50	long leg	$53.2M	$110.2M	50x
Arcus BNB-USD	+0.0100%	1h	793.40	−0.013%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.20	−0.038%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.30	−0.025%	$77.3M	$28.1M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	794.91	+0.177%	$4.1M	$76.8M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	794.60	+0.139%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.27	−0.029%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.37	−0.016%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.91	+0.052%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.40	−0.013%	$390K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	793.07	−0.055%	$8.1M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.91	+0.052%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.99	−0.064%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.43	−0.009%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.55	+0.006%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	793.80	+0.038%	$113K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.306%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	793.83	+0.042%	$28K	$3K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	793.80	+0.038%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	793.04	−0.058%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0385%	1h	794.37	+0.110%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	794.78	+0.162%	$68K	$38K	12x	as long as short