Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: KuCoin against Arcus−0.072%7-day average −0.108% · 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−$33as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.072%, 7d avg −0.108%

Together, before fees−0.122%−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.036% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	788.20	0.0100	pay 0.0013% / 1h	1m 28s	$52K	$129K	10x
Short	KuCoin BNBUSDTM	787.63	0.0100	get 0.0100% / 8h	2h 01m	$27.7M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. 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 ArcusbpFee KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.108%: $3.58
Slippage, 4 orders: −$19.93
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$32.86
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from Arcus: live order book, 47 min ago; KuCoin: live order book, 7 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 Arcus live order book, 47 min ago	3.17 bp	8.0 bp −$8	24.9 bp −$249	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	0.06 bp	9.8 bp −$10	26.3 bp −$263	doesn't fit	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 −0.0192% / S +0.0356%	1h	787.86	−0.043%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.88	+0.086%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.80	+0.076%	$851K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.86	−0.044%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.143%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0045%	8h	788.47	+0.034%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0050%	8h	788.16	−0.005%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0065%	8h	788.54	+0.043%	$69.0M	$50.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	788.90	+0.089%	$81.0M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	788.56	+0.046%	$490.8M	$816.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	787.82	−0.048%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	+0.023%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.19	−0.001%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.04	−0.020%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.90	−0.038%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.70	+0.063%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.15	−0.006%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.92	−0.036%	$138.6M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.00	−0.025%	$53.6M	$113.2M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	788.20	long leg	$52K	$129K	10x
Gate BNB_USDT	+0.0100%	8h	788.05	−0.019%	$36.9M	$59.7M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	787.63	−0.072%	$27.7M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	787.71	−0.062%	$76.3M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.30	+0.013%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.41	+0.027%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.57	+0.047%	$4.1M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.84	+0.081%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.76	−0.056%	$132K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.23	+0.004%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.48	+0.036%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.14	−0.008%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.23	+0.004%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.56	−0.081%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.05	−0.019%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.39	+0.024%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0110%	1h	788.00	−0.025%	$387K	$988K	10x	as long as short
dYdX BNB-USD	+0.0126%	1h	787.75	−0.057%	$160K	$62K	10x	as long as short
Kalshi KXBNBPERP	+0.0145%	8h	788.40	+0.025%	$164K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	788.60	+0.051%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0224%	8h	788.73	+0.068%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.35	+0.019%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	788.46	+0.033%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	787.70	−0.064%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0339%	1h	788.57	+0.047%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	788.21	+0.001%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	788.28	+0.010%	$67K	$39K	12x	as long as short