Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.004%

Price spread now: Binance against SoDEX+0.062%7-day average +0.062% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now +0.062%, 7d avg +0.062%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	797.40	0.0100	pay 0.0013% / 1h	51m 42s	$392K	$1.0M	10x
Short	Binance BNBUSDT	797.89	0.0092	get 0.0092% / 8h	7h 51m	$496.0M	$818.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.062%Rate

Funding earned: −$1.75
Price spread: +0.062% → +0.062%: $0.01
Slippage, 4 orders: −$2.08
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.82
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; Binance: live order book, 7 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 SoDEX live order book, 2 min ago	0.63 bp	4.6 bp −$5	8.0 bp −$80	77.4 bp −$7,741	doesn't fit
Sell Binance live order book, 7 min ago	0.06 bp	5.1 bp −$5	5.7 bp −$57	16.7 bp −$1,670	doesn't fit

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 −0.0201% / S +0.0372%	1h	798.20	+0.101%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.00	−0.051%	$2.5M	$976K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.48	+0.135%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0047%	8h	797.05	−0.044%	$35.7M	$55.8M	75x	as long as short
Bybit BNBUSDT	−0.0023%	8h	797.00	−0.050%	$138.3M	$77.1M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.17	+0.222%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.16	+0.221%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.22	+0.102%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	798.14	+0.093%	$4.1M	$5.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.964%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	+0.075%	$601K	$983K	50x	as long as short
Aster BNBUSDT	+0.0069%	8h	797.70	+0.038%	$6.2M	$19.3M	200x	as long as short
BingX BNB-USDC	+0.0077%	8h	797.38	−0.003%	—	$13.3M	—	as long as short
Binance BNBUSDTshort	+0.0092%	8h	797.89	+0.062%	$496.0M	$818.4M	75x
MEXC BNB_USDT	+0.0092%	8h	798.20	+0.100%	$83.0M	$13.5M	200x	as long as short
Lighter BNB	+0.0096%	1h	797.52	+0.015%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.71	+0.164%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.75	+0.044%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	797.50	+0.013%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.00	−0.050%	$54.0M	$112.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.60	+0.150%	$53K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.10	−0.038%	$27.9M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	796.91	−0.061%	$78.6M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.16	+0.221%	$4.2M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.241%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.98	+0.073%	$118K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.59	+0.024%	$385K	$481K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.89	+0.061%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.74	+0.168%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	797.40	long leg	$392K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	798.40	+0.125%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.38	+0.122%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	796.73	−0.084%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.39	+0.124%	$384K	$102K	10x	as long as short
Phemex BNBUSDT	+0.0131%	8h	797.88	+0.060%	$69.8M	$50.8M	50x	as long as short
Hibachi BNB/USDT-P	+0.0144%	1h	798.38	+0.123%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0152%	8h	798.00	+0.075%	$89K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.24	+0.105%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0158%	1h	799.24	+0.231%	$649K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	797.98	+0.072%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0213%	8h	798.86	+0.183%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	798.76	+0.171%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0271%	1h	797.28	−0.015%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0328%	1h	798.17	+0.097%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.73	+0.042%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0374%	1h	798.07	+0.084%	$53.2M	$20.7M	10x	as long as short