Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Bitget against SoDEX−0.041%7-day average −0.058% · 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−$21as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on SoDEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.041%, 7d avg −0.058%

Together, before fees+0.015%+$2 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	787.50	0.0100	pay 0.0013% / 1h	50m 19s	$387K	$986K	10x
Short	Bitget BNBUSDT	787.18	0.0100	get 0.0100% / 8h	1h 50m	$76.2M	$31.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.058%: $1.77
Slippage, 4 orders: −$3.16
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$21.39
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from SoDEX: live order book, 3 min ago; Bitget: live order book, 4 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, 3 min ago	0.63 bp	4.6 bp −$5	8.6 bp −$86	75.0 bp −$7,497	doesn't fit
Sell Bitget live order book, 4 min ago	0.06 bp	6.4 bp −$6	9.3 bp −$93	17.8 bp −$1,776	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 −0.0170% / S +0.0337%	1h	787.27	−0.029%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.57	−0.118%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.31	−0.024%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.40	−0.012%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.234%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0048%	8h	788.05	+0.069%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	787.59	+0.011%	—	$22.2M	—	as long as short
dYdX BNB-USD	+0.0060%	1h	787.12	−0.048%	$159K	$62K	10x	as long as short
MEXC BNB_USDT	+0.0066%	8h	788.50	+0.127%	$81.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	788.03	+0.067%	$490.9M	$816.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0072%	8h	788.06	+0.071%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.56	−0.119%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.58	+0.010%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.44	−0.008%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.15	−0.171%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	787.61	+0.014%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.34	−0.020%	$138.6M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.30	−0.025%	$53.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	+0.013%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	−0.006%	$37.1M	$58.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.18	−0.041%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	787.18	−0.041%	$76.2M	$31.1M	75x
Variational Omni BNB	+0.0100%	8h	786.52	−0.124%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.76	−0.094%	$4.1M	$75.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.43	−0.136%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.24	−0.033%	$132K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.57	+0.009%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.92	+0.053%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	787.50	long leg	$387K	$986K	10x
HTX BNB-USDT	+0.0100%	8h	787.13	−0.046%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	787.80	+0.039%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.14	−0.046%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.45	−0.006%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0134%	8h	787.90	+0.051%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.00	−0.063%	$169K	$35K	10x	as long as short
Hyperliquid BNB	+0.0138%	1h	788.08	+0.074%	$51.6M	$17.6M	10x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.31	−0.024%	$17.8M	$2.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0197%	1h	787.34	−0.020%	$2.2M	$6.1M	40x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.31	−0.024%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.01	−0.062%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	788.00	+0.063%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.79	+0.037%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	787.11	−0.050%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0328%	1h	787.20	−0.038%	$638K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.68	+0.023%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	786.62	−0.112%	$67K	$39K	12x	as long as short