Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0154%/8h= −16.8% APRnext payment $0.19 per $10,000 · paid last 24h −0.013%
Price spread now: Extended against RISEx−0.099%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$160.156% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.119%−$12 on $10k
Price spread, last 7 days+0.069%+$7 · spread now −0.099%, 7d avg −0.055%
Together, before fees−0.049%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Extended is 0.044% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.055%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BNB/USDC801.350.0258pay 0.0032% / 1h40m 18s$1.1M$1.4M20x
ShortExtended BNB-USD800.560.0104get 0.0013% / 1h40m 18s$1.8M$6.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against RISEx. 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
−$32.29
Price spread: −0.099% → −0.055%
−$4.39
Slippage, 4 orders
−$4.56
Fee RISEx: 3 bp × 2 orders
−$6
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$52.24
Costs to cover
0.156%
Break-even
never at this rate
Slippage from RISEx: live order book, 3 min ago; Extended: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 3 min ago1.12 bp4.1 bp −$48.3 bp −$83doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago0.06 bp3.1 bp −$34.3 bp −$4330.5 bp −$3,051doesn't fit

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 −0.0201% / S +0.0372%1h801.05−0.037%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h801.50+0.019%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h800.95−0.050%$2.6M$970K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h802.87+0.190%$3.0M$28.0M10xas long as short
StandX BNB-USD0.0000%1h802.64+0.161%$867K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h801.11−0.030%$9.8M150xas long as short
Variational Omni BNB+0.0025%8h801.45+0.012%$4.1M$5.4Mas long as short
BingX BNB-USDC+0.0048%8h801.63+0.035%$13.3Mas long as short
Bybit BNBUSDT+0.0058%8h800.70−0.081%$139.0M$78.6M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h800.72−0.079%$607K$994K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h801.32−0.004%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h800.74−0.076%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h801.47+0.015%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h800.80−0.069%$54.6M$113.3M50xas long as short
Arcus BNB-USD+0.0100%1h801.60+0.031%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h800.85−0.062%$35.9M$57.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h800.96−0.049%$28.0M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h801.04−0.039%$79.5M$27.4M75xas long as short
edgeX BNBUSDC+0.0100%4h803.59+0.280%$4.2M$77.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.34+0.248%$162K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h800.95−0.050%$117K$875K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h801.00−0.044%$387K$497K50xas long as short
Derive BNB-PERP+0.0100%1h801.30−0.006%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h801.79+0.055%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h801.20−0.019%$394K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h801.47+0.015%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h801.80+0.056%$8.2M$8.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h801.80+0.056%$78K$19K50xas long as short
Aster BNBUSDT+0.0100%8h801.69+0.042%$6.3M$19.0M200xas long as short
Extended BNB-USDshort+0.0104%1h800.56−0.099%$1.8M$6.4M50x
Aevo BNB-PERP+0.0104%1h801.22−0.016%$385K$40K10xas long as short
Kalshi KXBNBPERP+0.0114%8h802.40+0.131%$110K$2.9M4.8xas long as short
Phemex BNBUSDT+0.0114%8h801.72+0.046%$70.1M$50.9M50xas long as short
Binance BNBUSDT+0.0122%8h801.57+0.028%$501.3M$817.1M75xas long as short
MEXC BNB_USDT+0.0123%8h801.90+0.069%$83.4M$13.5M200xas long as short
Phoenix BNB+0.0127%1h802.03+0.085%$172K$36K10xas long as short
Hyperliquid BNB+0.0211%1h801.71+0.045%$51.9M$21.4M10xas long as short
Hibachi BNB/USDT-P+0.0224%1h802.11+0.095%$70K$44K12xas long as short
BloFin BNB-USDT+0.0243%8h802.44+0.136%$18.3M$2.5M75xas long as short
RISEx BNB/USDClong+0.0258%1h801.35long leg$1.1M$1.4M20x
Bulk BNB-USD+0.0305%1h801.82+0.059%$651K$20K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.467%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0332%1h800.63−0.090%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h801.83+0.060%$28K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0366%1h802.53+0.147%$2.7M$5.7M40xas long as short
dYdX BNB-USD+0.0428%1h801.50+0.018%$162K$62K10xas long as short