Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: Deribit against Paradex−0.028%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on Paradex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.028%, 7d avg −0.023%

Together, before fees−0.021%+ Points / potential airdropParadex: Active · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	786.42	0.0100	pay 0.0100% / 8h	4h 47m	$78K	$1.3M	50x
Short	Deribit BNB_USDC-PERPETUAL	786.20	0.0100	get 0.0013% / 1h	47m 00s	$1.5M	$126K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.023%: −$0.49
Slippage, 4 orders: −$16.52
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$28.01
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from Paradex: live order book, just now; Deribit: 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 Paradex live order book, just now	4.64 bp	6.6 bp −$7	131.5 bp −$1,315	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	2.73 bp	6.2 bp −$6	12.6 bp −$126	doesn't fit	doesn't fit

BNB on 46 exchanges

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 −0.0166% / S +0.0336%	1h	785.81	−0.077%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0138%	1h	785.71	−0.090%	$2.6M	$1.4M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.45	+0.004%	$4K	—	25x	as long as short
Bybit BNBUSDT	−0.0064%	8h	785.20	−0.155%	$138.5M	$65.9M	75x	as long as short
BingX BNB-USDC	−0.0050%	8h	785.33	−0.138%	—	$13.4M	—	as long as short
Aster BNBUSDT	0.0000%	8h	786.15	−0.034%	$5.9M	$16.7M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	785.65	−0.098%	$2.9M	$26.8M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.30	−0.015%	$160K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.23	−0.024%	$848K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.78	−0.081%	$9.5M	—	150x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0008%	8h	787.30	+0.112%	$83.4M	$11.5M	200x	as long as short
Binance BNBUSDT	+0.0008%	8h	786.14	−0.035%	$480.0M	$751.7M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.374%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0034%	8h	786.33	−0.011%	$17.2M	$2.3M	75x	as long as short
Phemex BNBUSDT	+0.0078%	8h	786.36	−0.007%	$68.2M	$50.3M	50x	as long as short
Variational Omni BNB	+0.0087%	8h	785.24	−0.150%	$4.3M	$4.3M	—	as long as short
Lighter BNB	+0.0096%	1h	785.86	−0.071%	$2.7M	$2.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.15	−0.161%	$1.3M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.21	−0.027%	$52.1M	$16.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.76	−0.083%	$1.2M	$927K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.30	−0.142%	$53.3M	$99.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.10	−0.041%	$57K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.60	−0.104%	$42.2M	$51.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.61	−0.103%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.20	−0.155%	$75.5M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.11	−0.039%	$2.2M	$6.0M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.61	−0.103%	$4.1M	$71.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.88	−0.069%	$158K	$459K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.86	−0.071%	$126K	$911K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.92	−0.063%	$264K	$258K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.01	−0.052%	$31K	$10K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.55	+0.016%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.10	−0.041%	$386K	$921K	10x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0100%	1h	786.20	−0.028%	$1.5M	$126K	25x
HTX BNB-USDT	+0.0100%	8h	785.88	−0.069%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0100%	8h	786.42	long leg	$78K	$1.3M	50x
Extended BNB-USD	+0.0104%	1h	784.98	−0.183%	$1.8M	$5.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.79	−0.080%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0116%	1h	786.56	+0.018%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	785.93	−0.062%	$537K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	786.62	+0.026%	$28K	$3K	10x	as long as short
Hibachi BNB/USDT-P	+0.0264%	1h	785.56	−0.109%	$67K	$34K	12x	as long as short
Bulk BNB-USD	+0.0274%	1h	787.88	+0.186%	$638K	$10K	10x	as long as short
dYdX BNB-USD	+0.0310%	1h	785.84	−0.073%	$158K	$34K	10x	as long as short
Reya BNBRUSDPERP	+0.0315%	1h	785.46	−0.122%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0391%	1h	786.20	−0.028%	$1.1M	$939K	20x	as long as short