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: KuCoin against OKX−0.009%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.009%, 7d avg +0.006%

Together, before fees+0.043%+$4 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	788.00	0.0100	pay 0.0100% / 8h	3h 43m	$53.4M	$111.7M	50x
Short	KuCoin BNBUSDTM	787.93	0.0100	get 0.0100% / 8h	3h 43m	$28.1M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.006%: −$1.53
Slippage, 4 orders: −$11.98
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$35.51
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; KuCoin: 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	6.9 bp −$7	9.1 bp −$91	21.3 bp −$2,131	doesn't fit
Sell KuCoin live order book, 5 min ago	0.82 bp	11.2 bp −$11	23.4 bp −$234	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 −0.0192% / S +0.0356%	1h	788.22	+0.028%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	788.14	+0.018%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.67	+0.085%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	789.10	+0.140%	$129K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	+0.132%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.20	+0.026%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.169%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0033%	8h	788.76	+0.096%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0044%	8h	788.51	+0.065%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0054%	8h	789.10	+0.140%	$80.0M	$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
Binance BNBUSDT	+0.0054%	8h	788.69	+0.088%	$492.1M	$796.4M	75x	as long as short
Phemex BNBUSDT	+0.0062%	8h	788.65	+0.082%	$69.0M	$50.4M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.287%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	789.11	+0.141%	$170K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.35	+0.044%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.23	+0.029%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.25	+0.032%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.78	+0.099%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.39	+0.049%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.10	+0.013%	$138.7M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	788.00	long leg	$53.4M	$111.7M	50x
Arcus BNB-USD	+0.0100%	1h	788.60	+0.076%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.25	+0.032%	$35.9M	$56.9M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	787.93	−0.009%	$28.1M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	787.78	−0.028%	$76.3M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.63	+0.080%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.41	+0.052%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.33	+0.169%	$4.1M	$73.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.44	+0.183%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.27	+0.034%	$130K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.36	+0.045%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.93	+0.118%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.30	+0.038%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.36	+0.046%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.52	+0.066%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.83	−0.021%	$1.9M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.23	+0.030%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0118%	1h	788.57	+0.072%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0169%	8h	789.53	+0.194%	$2.9M	$28.7M	10x	as long as short
BloFin BNB-USDT	+0.0175%	8h	789.06	+0.135%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0234%	1h	790.66	+0.338%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	789.00	+0.127%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.71	+0.090%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	788.00	0.000%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0400%	1h	788.76	+0.096%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.75	+0.096%	$1.1M	$892K	20x	as long as short