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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0443%/8h= +48.5% APRpaid last 24h +0.075%
Price spread now: Hibachi against Paradex−0.027%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Hibachi
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropParadex: Active · Hibachi: Active · farm boardneeds both histories
Funding pays, the price is against you. Hibachi is 0.027% cheaper against Paradex than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$13 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex BNB-USD-PERP786.780.0101pay 0.0101% / 8h1h 40m$76K$17K50x
ShortHibachi BNB/USDT-P786.570.0544get 0.0068% / 1h40m 17s$67K$39K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi 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

Funding earned
$93.07
Price spread: −0.027% → 0.000%
−$2.67
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$77.4
Costs to cover
0.130%
Break-even
1.2 days
Slippage unknown: Paradex: no order-book sample; Hibachi: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample—————
Sell Hibachi no order-book sample—————
Paradex and Hibachi: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0170% / S +0.0337%1h785.94−0.107%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h786.37−0.052%$4K$4225xas long as short
StandX BNB-USD0.0000%1h787.13+0.045%$849K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h785.98−0.101%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.327%$19K$789K30xas long as short
Aster BNBUSDT+0.0049%8h786.47−0.039%$6.0M$18.9M200xas long as short
BingX BNB-USDT+0.0053%8h786.13−0.082%—$22.3M—as long as short
dYdX BNB-USD+0.0062%1h786.47−0.040%$159K$62K10xas long as short
MEXC BNB_USDT+0.0065%8h787.00+0.028%$81.0M$12.0M200xas long as short
Binance BNBUSDT+0.0066%8h786.38−0.051%$489.9M$816.3M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0075%8h786.57−0.027%$68.8M$50.9M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h786.88+0.013%$568K$1.9M50xas long as short
Lighter BNB+0.0096%1h786.05−0.093%$2.7M$3.8M20xas long as short
Nado BNB-PERP+0.0100%1h786.05−0.093%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h786.30−0.061%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h785.73−0.133%$138.3M$75.3M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h785.80−0.124%$53.4M$112.9M50xas long as short
Arcus BNB-USD+0.0100%1h786.30−0.061%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h786.05−0.093%$37.2M$58.9M75xas long as short
KuCoin BNBUSDTM+0.0100%8h785.60−0.150%$27.6M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h785.65−0.143%$76.1M$31.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.63−0.019%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h785.91−0.110%$4.0M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h786.84+0.008%$4.1M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h786.27−0.065%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h785.92−0.109%$131K$949K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h785.91−0.110%$264K$470K50xas long as short
Derive BNB-PERP+0.0100%1h786.47−0.039%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h786.58−0.025%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.00−0.099%$386K$984K10xas long as short
HTX BNB-USDT+0.0100%8h786.38−0.051%$8.0M$10.1M75xas long as short
Hyperliquid BNB+0.0100%1h786.58−0.025%$51.5M$17.7M10xas long as short
Paradex BNB-USD-PERPlong+0.0101%8h786.78long leg$76K$17K50x
Extended BNB-USD+0.0104%1h785.58−0.153%$1.8M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h785.93−0.108%$378K$110K10xas long as short
Phoenix BNB+0.0135%1h786.77−0.001%$169K$35K10xas long as short
Kalshi KXBNBPERP+0.0139%8h786.70−0.010%$171K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0186%8h786.93+0.019%$17.8M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h786.29−0.062%$1.5M$143K25xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h785.73−0.133%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0229%8h787.39+0.077%$2.9M$29.5M10xas long as short
01 Exchange BNBUSD+0.0256%1h786.51−0.034%$28K$4K10xas long as short
Bulk BNB-USD+0.0305%1h787.08+0.039%$638K$4K10xas long as short
Reya BNBRUSDPERP+0.0322%1h785.71−0.136%$6K$3K40xas long as short
RISEx BNB/USDC+0.0438%1h786.32−0.058%$1.1M$914K20xas long as short
Hibachi BNB/USDT-Pshort+0.0544%1h786.57−0.027%$67K$39K12x