Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.056%

Price spread now: Paradex against 01 Exchange+0.010%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds 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: −$4 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	788.28	0.0248	pay 0.0031% / 1h	21m 10s	$28K	$4K	10x
Short	Paradex BNB-USD-PERP	788.36	0.0101	get 0.0101% / 8h	1h 21m	$78K	$18K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$30.97
Price spread: +0.010% → 0.000%: $0.98
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$40.98
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

01 Exchange and Paradex: 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 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 −0.0170% / S +0.0337%	1h	787.60	−0.086%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.81	−0.060%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.06	−0.028%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.72	−0.071%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.132%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0051%	8h	788.23	−0.006%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	787.85	−0.055%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0063%	8h	788.20	−0.010%	$490.9M	$818.8M	75x	as long as short
MEXC BNB_USDT	+0.0063%	8h	788.80	+0.066%	$81.1M	$12.1M	200x	as long as short
dYdX BNB-USD	+0.0066%	1h	787.95	−0.041%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0074%	8h	788.26	−0.003%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.124%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.83	−0.057%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.65	−0.080%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.29	+0.001%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.04	−0.031%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.60	−0.086%	$138.6M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	−0.099%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.00	−0.036%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.65	−0.080%	$37.6M	$59.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.42	−0.109%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.40	−0.112%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.09	−0.024%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.072%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.00	−0.035%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.70	−0.074%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.62	−0.084%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.68	−0.076%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.26	−0.003%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.80	−0.061%	$387K	$980K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.76	−0.065%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0101%	8h	788.36	+0.010%	$78K	$18K	50x
Extended BNB-USD	+0.0104%	1h	787.36	−0.117%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.66	−0.078%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0129%	8h	788.50	+0.028%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.70	−0.074%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0183%	8h	788.19	−0.011%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.09	−0.024%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.59	−0.087%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0230%	8h	788.19	−0.011%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSDlong	+0.0248%	1h	788.28	long leg	$28K	$4K	10x
Bulk BNB-USD	+0.0262%	1h	788.32	+0.005%	$639K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	787.40	−0.112%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	788.02	−0.034%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0512%	1h	787.65	−0.079%	$67K	$39K	12x	as long as short