Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.005%

Price spread now: KuCoin against SoDEX−0.039%7-day average −0.032% · 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−$31as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.039%, 7d avg −0.032%

Together, before fees+0.035%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	788.40	0.0124	pay 0.0016% / 1h	47m 45s	$388K	$1.0M	10x
Short	KuCoin BNBUSDTM	788.09	0.0100	get 0.0100% / 8h	5h 47m	$27.7M	$10.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$5.04
Price spread: −0.039% → −0.032%: −$0.68
Slippage, 4 orders: −$10.49
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$36.21
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 min ago; KuCoin: live order book, 6 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, 1 min ago	0.63 bp	4.6 bp −$5	8.2 bp −$82	79.2 bp −$7,924	doesn't fit
Sell KuCoin live order book, 6 min ago	0.32 bp	10.6 bp −$11	23.2 bp −$232	49.6 bp −$4,959	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	788.10	−0.038%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.48	+0.010%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.39	+0.126%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.14	−0.033%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.117%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	788.83	+0.054%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	790.27	+0.237%	$618K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0055%	8h	788.32	−0.010%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0071%	8h	788.82	+0.053%	$69.1M	$51.1M	50x	as long as short
MEXC BNB_USDT	+0.0071%	8h	788.90	+0.063%	$80.3M	$12.4M	200x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0071%	8h	788.76	+0.046%	$493.5M	$807.7M	75x	as long as short
Variational Omni BNB	+0.0073%	8h	789.70	+0.164%	$4.1M	$4.8M	—	as long as short
Gate BNB_USDT	+0.0086%	8h	787.95	−0.057%	$35.2M	$56.7M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.28	−0.015%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.54	+0.018%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.19	−0.027%	$265K	$380K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.30	−0.013%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.77	+0.047%	$51.7M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.35	−0.006%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.10	−0.038%	$138.5M	$77.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.10	−0.038%	$53.4M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.40	0.000%	$52K	$130K	10x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	788.09	−0.039%	$27.7M	$10.4M	75x
Bitget BNBUSDT	+0.0100%	8h	787.97	−0.055%	$76.8M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.58	+0.023%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.77	+0.173%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.95	+0.197%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.06	−0.043%	$137K	$945K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.35	−0.006%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.76	+0.046%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.22	−0.022%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	788.88	+0.060%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.88	−0.066%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.24	−0.020%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.19	+0.227%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0120%	8h	790.69	+0.290%	$2.9M	$28.1M	10x	as long as short
SoDEX BNB-USDlong	+0.0124%	1h	788.40	long leg	$388K	$1.0M	10x
Kalshi KXBNBPERP	+0.0181%	8h	788.40	0.000%	$89K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0235%	1h	788.35	−0.006%	$159K	$64K	10x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	788.80	+0.051%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	787.94	−0.059%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0340%	1h	789.39	+0.126%	$639K	$13K	10x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.50	+0.012%	$1.1M	$1.0M	20x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	788.64	+0.031%	$1.5M	$152K	25x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	788.97	+0.072%	$67K	$39K	12x	as long as short