Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against OKX−0.021%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.021%, 7d avg −0.032%

Together, before fees+0.076%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	786.40	0.0100	pay 0.0100% / 8h	1h 48m	$53.5M	$113.1M	50x
Short	Extended BNB-USD	786.24	0.0104	get 0.0013% / 1h	48m 22s	$1.8M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0.84
Price spread: −0.021% → −0.032%: $1.15
Slippage, 4 orders: −$2.61
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$15.63
Costs to cover: 0.176%
Break-even: 137.2 days

Slippage from OKX: live order book, 6 min ago; Extended: live order book, 6 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, 6 min ago	0.64 bp	5.6 bp −$6	6.6 bp −$66	20.8 bp −$2,084	doesn't fit
Sell Extended live order book, 6 min ago	0.06 bp	3.8 bp −$4	6.0 bp −$60	doesn't fit	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 −0.0170% / S +0.0337%	1h	786.42	+0.002%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.06	+0.084%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.44	+0.132%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.46	+0.007%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.377%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0048%	8h	787.16	+0.097%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	786.63	+0.029%	—	$13.4M	—	as long as short
dYdX BNB-USD	+0.0060%	1h	787.12	+0.092%	$159K	$62K	10x	as long as short
Binance BNBUSDT	+0.0067%	8h	787.08	+0.086%	$490.3M	$816.7M	75x	as long as short
MEXC BNB_USDT	+0.0067%	8h	787.50	+0.140%	$81.0M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	787.07	+0.085%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.56	+0.020%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.68	+0.036%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.54	+0.018%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.65	+0.032%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.91	+0.065%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.50	+0.013%	$138.4M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	786.40	long leg	$53.5M	$113.1M	50x
Arcus BNB-USD	+0.0100%	1h	786.80	+0.051%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.55	+0.019%	$37.1M	$58.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.25	−0.019%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.41	+0.001%	$76.1M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	786.52	+0.015%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.76	+0.045%	$4.1M	$75.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.43	+0.004%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.45	+0.006%	$131K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.73	+0.042%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.05	+0.083%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.60	+0.025%	$387K	$985K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.78	+0.049%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	787.06	+0.084%	$76K	$17K	50x	as long as short
Extended BNB-USDshort	+0.0104%	1h	786.24	−0.021%	$1.8M	$6.2M	50x
Aevo BNB-PERP	+0.0104%	1h	786.56	+0.020%	$378K	$110K	10x	as long as short
Hyperliquid BNB	+0.0129%	1h	787.14	+0.094%	$51.5M	$17.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0134%	8h	787.40	+0.127%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.01	+0.078%	$169K	$35K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0172%	1h	787.13	+0.093%	$2.2M	$6.1M	40x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.17	+0.098%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.95	+0.070%	$1.5M	$143K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.37	−0.004%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.27	+0.111%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	787.05	+0.083%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.31	−0.012%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0328%	1h	787.20	+0.102%	$638K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.87	+0.060%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0552%	1h	787.52	+0.142%	$67K	$39K	12x	as long as short