Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.061%

Price spread now: 01 Exchange against OKX+0.492%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and 01 Exchange is 0.492% dearer against OKX than usual: you sell high and buy low: +$49 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	790.20	0.0100	pay 0.0100% / 8h	6h 16m	$53.4M	$110.9M	50x
Short	01 Exchange BNBUSD	794.09	0.0256	get 0.0032% / 1h	16m 24s	$28K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.492%Rate

Funding earned: $32.76
Price spread: +0.492% → 0.000%: $49.23
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $64.99
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: OKX: live order book, 3 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 3 min ago	0.63 bp	6.8 bp −$7	9.1 bp −$91	21.8 bp −$2,175	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	793.12	+0.369%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	793.36	+0.400%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.71	+0.444%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	793.94	+0.473%	$858K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	790.70	+0.063%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.884%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	793.50	+0.417%	$6.1M	$19.8M	200x	as long as short
Variational Omni BNB	+0.0038%	8h	794.10	+0.494%	$4.1M	$4.9M	—	as long as short
Phemex BNBUSDT	+0.0049%	8h	793.89	+0.467%	$69.4M	$50.7M	50x	as long as short
BingX BNB-USDC	+0.0050%	8h	790.77	+0.072%	—	$13.4M	—	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	+0.675%	$610K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.40	+0.405%	$82.4M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	791.10	+0.114%	$492.1M	$811.3M	75x	as long as short
Gate BNB_USDT	+0.0068%	8h	792.30	+0.266%	$35.3M	$56.6M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0069%	8h	793.89	+0.467%	$3.0M	$28.4M	10x	as long as short
dYdX BNB-USD	+0.0081%	1h	792.96	+0.349%	$160K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	794.20	+0.506%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.56	+0.425%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.43	+0.029%	$382K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.30	+0.392%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	793.40	+0.405%	$52.0M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	793.66	+0.438%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	790.46	+0.033%	$138.7M	$77.0M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	790.20	long leg	$53.4M	$110.9M	50x
Arcus BNB-USD	+0.0100%	1h	793.60	+0.430%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	792.66	+0.311%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.60	+0.304%	$77.2M	$28.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.72	+0.445%	$4.1M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.68	+0.440%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.35	+0.399%	$141K	$917K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.37	+0.401%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.80	+0.456%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.40	+0.405%	$390K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.97	+0.350%	$8.1M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.95	+0.475%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.00	+0.354%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.42	+0.408%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.79	+0.454%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0155%	8h	793.50	+0.418%	$113K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0244%	1h	794.01	+0.483%	$643K	$13K	10x	as long as short
01 Exchange BNBUSDshort	+0.0256%	1h	794.09	+0.492%	$28K	$3K	10x
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	793.73	+0.447%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	792.52	+0.294%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0390%	1h	794.06	+0.488%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	793.63	+0.434%	$68K	$38K	12x	as long as short