Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.7% APRpaid last 24h −0.017%

Price spread now: BloFin against 01 Exchange−0.001%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on BloFin

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—needs 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: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BNBUSD	785.68	0.0248	pay 0.0031% / 1h	11m 51s	$28K	$4K	10x
Short	BloFin BNB-USDT	785.67	0.0168	get 0.0168% / 8h	11m 51s	$17.7M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against 01 Exchange. 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 01 ExchangebpFee BloFinbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$16.71
Price spread: −0.001% → 0.000%: −$0.13
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$35.84
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; BloFin: live order book, 2 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BloFin live order book, 2 min ago	0.13 bp	6.1 bp −$6	7.2 bp −$72	13.5 bp −$1,347	doesn't fit

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 −0.0168% / S +0.0337%	1h	785.10	−0.073%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.57	−0.014%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.98	−0.089%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	785.60	−0.010%	$170K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	785.98	+0.038%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.13	−0.069%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	785.48	−0.026%	$6.0M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.470%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0038%	8h	785.15	−0.067%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	786.10	+0.053%	$80.9M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0049%	8h	785.44	−0.031%	$488.3M	$813.9M	75x	as long as short
Phemex BNBUSDT	+0.0075%	8h	785.68	0.000%	$68.6M	$51.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.00	−0.087%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.66	−0.003%	$158K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.00	−0.087%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.47	−0.027%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.44	−0.031%	$1.2M	$938K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.77	−0.116%	$138.1M	$73.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.80	−0.112%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.30	−0.048%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.90	−0.099%	$38.3M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.78	−0.115%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.57	−0.141%	$75.3M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.31	−0.047%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.43	−0.159%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.04	−0.081%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.13	−0.070%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.96	−0.092%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.12	−0.071%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.14	−0.069%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.71	+0.004%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.20	−0.061%	$386K	$962K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.16	−0.066%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.57	−0.014%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.61	−0.136%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.17	−0.064%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	785.03	−0.083%	$545K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0121%	1h	784.99	−0.088%	$159K	$62K	10x	as long as short
BloFin BNB-USDTshort	+0.0168%	8h	785.67	−0.001%	$17.7M	$2.2M	75x
GRVT BNB_USDT_Perp	+0.0216%	8h	785.20	−0.062%	$2.9M	$28.2M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	−0.095%	$636K	$831	10x	as long as short
01 Exchange BNBUSDlong	+0.0248%	1h	785.68	long leg	$28K	$4K	10x
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.48	−0.026%	$1.5M	$141K	25x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.83	−0.109%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.41	−0.035%	$1.1M	$902K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	785.00	−0.087%	$67K	$39K	12x	as long as short