Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: edgeX against Orderly−0.037%71s7-day average +0.033% · you buy dearer than you sell

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.037%, 7d avg +0.033%

Together, before fees+0.139%+ Points / potential airdropedgeX: Active · farm board+$14 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 0.070% cheaper against Orderly than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.033%. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BNB_USDC	799.90	0.0100	pay 0.0100% / 8h	1h 04m	$387K	$489K	50x
Short	edgeX BNBUSDC	799.61	0.0100	get 0.0050% / 4h	1h 04m	$4.2M	$77.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → +0.033%: −$6.96
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$21.96
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 5 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 5 min ago	2.50 bp	7.0 bp −$7	7.0 bp −$70	10.8 bp −$1,077	doesn't fit

Orderly: 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 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 −0.0201% / S +0.0372%	1h	799.85	−0.006%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.40	+0.063%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.27	+0.047%	$3.0M	$29.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.47	+0.071%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.94	+0.005%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0028%	8h	798.74	−0.145%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	800.04	+0.018%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0065%	8h	799.73	−0.021%	$139.0M	$78.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.30	+0.050%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	799.17	−0.091%	$605K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0097%	8h	800.66	+0.094%	$6.3M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.64	−0.032%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.12	+0.028%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.80	−0.013%	$54.6M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.40	+0.063%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.60	−0.038%	$35.7M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.94	+0.005%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.84	−0.008%	$80.7M	$26.6M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	799.61	−0.037%	$4.2M	$77.5M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	800.21	+0.039%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.83	−0.009%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDClong	+0.0100%	8h	799.90	long leg	$387K	$489K	50x
Derive BNB-PERP	+0.0100%	1h	800.14	+0.030%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.52	+0.078%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.10	+0.025%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.27	+0.046%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.58	+0.084%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.55	−0.044%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.08	+0.023%	$384K	$40K	10x	as long as short
Kalshi KXBNBPERP	+0.0107%	8h	800.50	+0.075%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0116%	8h	801.00	+0.138%	$83.2M	$13.9M	200x	as long as short
Phemex BNBUSDT	+0.0116%	8h	800.50	+0.075%	$70.0M	$51.1M	50x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.71	+0.101%	$500.8M	$818.2M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.03	+0.016%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.39	+0.061%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.91	+0.001%	$2.6M	$965K	50x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	799.88	−0.003%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0237%	8h	800.44	+0.068%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	+0.038%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.649%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0316%	1h	800.62	+0.089%	$51.8M	$21.6M	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	800.14	+0.029%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.82	+0.115%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.52	−0.048%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0359%	1h	799.99	+0.011%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0561%	1h	800.88	+0.123%	$2.7M	$5.7M	40x	as long as short