Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.056%

Price spread now: 01 Exchange against Paradex+0.013%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on 01 Exchange

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 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	788.60	0.0101	pay 0.0101% / 8h	2h 03m	$77K	$17K	50x
Short	01 Exchange BNBUSD	788.71	0.0312	get 0.0039% / 1h	3m 14s	$28K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.013%Rate

Funding earned: $44.32
Price spread: +0.013% → 0.000%: $1.34
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $34.66
Costs to cover: 0.110%
Break-even: 1.5 days

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Paradex and 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 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 −0.0192% / S +0.0356%	1h	787.71	−0.114%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.88	+0.035%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	+0.055%	$851K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.85	−0.096%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.090%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0045%	8h	788.63	+0.003%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0050%	8h	788.35	−0.032%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0064%	8h	788.66	+0.007%	$69.0M	$50.9M	50x	as long as short
MEXC BNB_USDT	+0.0067%	8h	788.90	+0.037%	$81.0M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	788.57	−0.005%	$490.9M	$816.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	788.05	−0.071%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	−0.028%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.22	−0.049%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.06	−0.069%	$265K	$472K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.15	−0.058%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.83	+0.029%	$51.7M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.49	−0.015%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.00	−0.077%	$138.7M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.00	−0.077%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.50	−0.013%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.10	−0.064%	$36.9M	$59.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.83	−0.098%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.74	−0.110%	$76.3M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.41	−0.025%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.41	−0.024%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.04	+0.056%	$4.1M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.84	+0.030%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.88	−0.092%	$132K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.25	−0.045%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.82	+0.028%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.14	−0.059%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0101%	8h	788.60	long leg	$77K	$17K	50x
Extended BNB-USD	+0.0104%	1h	787.76	−0.107%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.09	−0.065%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.92	+0.040%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0112%	1h	788.10	−0.064%	$387K	$989K	10x	as long as short
dYdX BNB-USD	+0.0131%	1h	788.46	−0.019%	$160K	$62K	10x	as long as short
Kalshi KXBNBPERP	+0.0145%	8h	788.60	−0.001%	$164K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	788.60	−0.001%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0224%	8h	788.87	+0.034%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.49	−0.014%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSDshort	+0.0312%	1h	788.71	+0.013%	$28K	$4K	10x
Reya BNBRUSDPERP	+0.0323%	1h	787.79	−0.104%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0378%	1h	788.15	−0.058%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	788.42	−0.024%	$1.1M	$902K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	788.85	+0.031%	$68K	$39K	12x	as long as short