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 Orderly−0.047%7-day average −0.040% · you buy dearer than you sell

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

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.047%, 7d avg −0.040%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BNB_USDC	786.61	0.0100	pay 0.0100% / 8h	1h 43m	$265K	$470K	50x
Short	KuCoin BNBUSDTM	786.24	0.0100	get 0.0100% / 8h	1h 43m	$27.7M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.040%: −$0.69
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.69
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: 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 KuCoin live order book, 5 min ago	0.57 bp	11.9 bp −$12	20.0 bp −$200	doesn't fit	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 −0.0170% / S +0.0337%	1h	786.64	+0.004%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.54	−0.009%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	786.82	+0.027%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.74	+0.017%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.349%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0049%	8h	787.06	+0.057%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	786.75	+0.018%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0066%	8h	787.40	+0.100%	$81.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	787.01	+0.051%	$490.3M	$816.5M	75x	as long as short
dYdX BNB-USD	+0.0071%	1h	786.47	−0.018%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	787.11	+0.064%	$68.9M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.88	+0.034%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.67	+0.008%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.50	−0.014%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	787.04	+0.055%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.40	−0.027%	$138.4M	$75.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.40	−0.027%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.10	+0.062%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.60	−0.001%	$37.1M	$58.8M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	786.24	−0.047%	$27.7M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	786.49	−0.015%	$76.1M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−0.089%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.94	+0.041%	$4.1M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.08	+0.060%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.67	+0.008%	$131K	$949K	10x	as long as short
Orderly PERP_BNB_USDClong	+0.0100%	8h	786.61	long leg	$265K	$470K	50x
Derive BNB-PERP	+0.0100%	1h	786.82	+0.027%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.22	+0.078%	$13K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.70	+0.011%	$387K	$984K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.97	+0.046%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	787.20	+0.075%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.18	−0.055%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.63	+0.002%	$378K	$110K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0116%	1h	786.92	+0.039%	$2.2M	$6.1M	40x	as long as short
Hyperliquid BNB	+0.0119%	1h	787.12	+0.064%	$51.5M	$17.6M	10x	as long as short
Phoenix BNB	+0.0135%	1h	786.68	+0.009%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0140%	8h	787.30	+0.088%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.52	+0.116%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.02	+0.052%	$1.5M	$143K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.50	−0.014%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0227%	8h	787.04	+0.055%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	787.40	+0.100%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.41	−0.026%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0328%	1h	787.20	+0.075%	$638K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.13	+0.065%	$1.1M	$914K	20x	as long as short
Hibachi BNB/USDT-P	+0.0552%	1h	787.31	+0.090%	$67K	$39K	12x	as long as short