Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.068%

Price spread now: Bybit against 01 Exchange−0.080%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 Bybit

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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.080% cheaper against 01 Exchange than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BNBUSD	789.63	0.0232	pay 0.0029% / 1h	21m 28s	$28K	$4K	10x
Short	Bybit BNBUSDT	789.00	0.0100	get 0.0100% / 8h	4h 21m	$138.8M	$74.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$27.72
Price spread: −0.080% → 0.000%: −$7.98
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.7
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.63 bp	6.5 bp −$7	9.8 bp −$98	28.1 bp −$2,808	109.6 bp −$54.8K

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 −0.0187% / S +0.0351%	1h	789.31	−0.040%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.71	+0.010%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.55	−0.010%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.31	−0.041%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.958%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0039%	8h	789.72	+0.011%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0052%	8h	789.20	−0.054%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0063%	8h	790.10	+0.060%	$80.2M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	789.68	+0.006%	$492.8M	$790.2M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.023%	$582K	$1.9M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0065%	8h	789.78	+0.019%	$69.1M	$50.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.27	−0.045%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.40	−0.029%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.20	−0.054%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.76	+0.016%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.39	−0.030%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDTshort	+0.0100%	8h	789.00	−0.080%	$138.8M	$74.6M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	788.90	−0.092%	$53.4M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.30	−0.042%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.15	−0.061%	$35.5M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.15	−0.061%	$27.9M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.84	−0.100%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.44	−0.024%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.00	−0.079%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.71	+0.010%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.13	+0.063%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.97	−0.084%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.55	−0.010%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.97	+0.043%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.50	−0.016%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.38	−0.032%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.83	+0.025%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.69	−0.118%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.32	−0.040%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.49	−0.018%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0128%	1h	789.35	−0.035%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0148%	8h	789.97	+0.043%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0178%	8h	789.80	+0.022%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0184%	8h	789.74	+0.014%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0222%	1h	790.13	+0.063%	$640K	$9K	10x	as long as short
01 Exchange BNBUSDlong	+0.0232%	1h	789.63	long leg	$28K	$4K	10x
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.04	−0.075%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.80	+0.021%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.90	−0.093%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	789.50	−0.016%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.42	−0.027%	$1.1M	$967K	20x	as long as short