Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: OKX against BingX−0.036%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$220.215% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.036%, 7d avg −0.041%

Together, before fees+0.005%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDT	787.58	0.0100	pay 0.0100% / 8h	5h 56m	—	$50.2M	—
Short	OKX BNB-USDT-SWAP	787.30	0.0100	get 0.0100% / 8h	5h 56m	$53.3M	$102.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BingX. 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 BingXbpFee OKXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.041%: $0.52
Slippage, 4 orders: −$1.52
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.01
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; OKX: live order book, 5 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 BingX live order book, 10 min ago	0.13 bp	5.1 bp −$5	5.4 bp −$54	9.3 bp −$933	23.1 bp −$11.6K
Sell OKX live order book, 5 min ago	0.63 bp	5.6 bp −$6	7.1 bp −$71	19.6 bp −$1,958	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	787.51	−0.009%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.51	−0.009%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	+0.065%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	788.16	+0.073%	$6.0M	$17.1M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.97	+0.050%	$2.9M	$26.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.90	+0.041%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.38	+0.102%	$850K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.45	−0.017%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0016%	8h	789.20	+0.206%	$83.4M	$11.7M	200x	as long as short
Binance BNBUSDT	+0.0016%	8h	788.19	+0.078%	$481.8M	$767.3M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.223%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0050%	8h	787.30	−0.036%	$138.6M	$67.2M	75x	as long as short
BloFin BNB-USDT	+0.0067%	8h	788.01	+0.055%	$18.4M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0090%	8h	788.18	+0.076%	$68.5M	$51.1M	50x	as long as short
Phoenix BNB	+0.0094%	1h	787.95	+0.047%	$158K	$45K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.71	+0.017%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.15	−0.055%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.16	+0.074%	$51.9M	$16.9M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.87	+0.036%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	787.30	−0.036%	$53.3M	$102.2M	50x
Arcus BNB-USD	+0.0100%	1h	787.70	+0.015%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	−0.017%	$41.1M	$53.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.42	−0.020%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.28	−0.038%	$75.7M	$30.7M	75x	as long as short
BingX BNB-USDTlong	+0.0100%	8h	787.58	long leg	—	$50.2M	—
Backpack BNB_USDC_PERP	+0.0100%	1h	787.96	+0.048%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.17	−0.053%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.96	+0.049%	$4.1M	$75.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.98	+0.051%	$159K	$444K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.39	−0.024%	$130K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.59	+0.001%	$265K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.90	+0.041%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.70	+0.015%	$387K	$926K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	787.91	+0.042%	$1.5M	$157K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.86	+0.036%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.06	+0.061%	$78K	$356K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.01	−0.072%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.52	−0.008%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	788.03	+0.057%	$545K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.88	+0.038%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0282%	1h	788.09	+0.065%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.90	−0.086%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0320%	1h	787.75	+0.021%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.81	+0.030%	$1.1M	$901K	20x	as long as short
dYdX BNB-USD	+0.1122%	1h	787.47	−0.013%	$158K	$34K	10x	as long as short