Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.071%

Price spread now: 01 Exchange against BingX+0.066%7-day average — · you sell dearer than you buy

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

Long on BingX Short on 01 Exchange

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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and 01 Exchange is 0.066% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDC	787.32	0.0023	pay 0.0023% / 8h	6h 58m	—	$13.4M	—
Short	01 Exchange BNBUSD	787.84	0.0224	get 0.0028% / 1h	58m 15s	$28K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.066%Rate

Funding earned: $42.21
Price spread: +0.066% → 0.000%: $6.6
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $31.81
Costs to cover: 0.170%
Break-even: 1.7 days

Slippage unknown: BingX: live order book, 5 min ago; 01 Exchange: 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 BingX live order book, 5 min ago	0.25 bp	7.7 bp −$8	11.2 bp −$112	22.7 bp −$2,273	71.4 bp −$35.7K
Sell 01 Exchange no order-book sample	—	—	—	—	—

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 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 −0.0166% / S +0.0336%	1h	787.50	+0.023%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.87	+0.070%	$4K	—	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.33	+0.128%	$2.9M	$26.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	788.44	+0.142%	$850K	$2.8M	30x	as long as short
Aster BNBUSDT	+0.0007%	8h	787.47	+0.020%	$6.0M	$17.7M	200x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.53	+0.027%	$9.5M	—	150x	as long as short
BingX BNB-USDClong	+0.0023%	8h	787.32	long leg	—	$13.4M	—
Binance BNBUSDT	+0.0026%	8h	787.37	+0.006%	$482.5M	$796.6M	75x	as long as short
MEXC BNB_USDT	+0.0027%	8h	788.90	+0.201%	$83.0M	$11.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.257%	$19K	$789K	30x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0035%	1h	786.89	−0.055%	$2.5M	$1.2M	50x	as long as short
Phemex BNBUSDT	+0.0082%	8h	787.51	+0.024%	$68.5M	$51.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.13	−0.024%	$2.7M	$3.4M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.15	−0.022%	$1.4M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.78	+0.059%	$51.8M	$17.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.40	+0.010%	$1.2M	$940K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.80	−0.066%	$138.7M	$70.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.80	−0.066%	$53.6M	$107.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	+0.023%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.05	−0.034%	$39.9M	$53.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.85	−0.060%	$27.8M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.77	−0.070%	$75.6M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.91	+0.075%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.30	−0.002%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.05	+0.093%	$4.1M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.09	+0.098%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.21	−0.014%	$130K	$916K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.10	−0.028%	$264K	$304K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.64	+0.041%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.20	−0.015%	$387K	$939K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.33	+0.002%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.62	+0.038%	$78K	$267K	50x	as long as short
Kalshi KXBNBPERP	+0.0103%	8h	788.00	+0.086%	$161K	$2.5M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	786.69	−0.080%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.99	−0.042%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0109%	8h	788.43	+0.141%	$17.6M	$2.3M	75x	as long as short
Phoenix BNB	+0.0120%	1h	788.35	+0.131%	$158K	$37K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	787.77	+0.057%	$550K	$1.9M	50x	as long as short
Bulk BNB-USD	+0.0150%	1h	788.74	+0.180%	$639K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.46	+0.017%	$1.5M	$136K	25x	as long as short
01 Exchange BNBUSDshort	+0.0224%	1h	787.84	+0.066%	$28K	$3K	10x
Reya BNBRUSDPERP	+0.0318%	1h	787.19	−0.017%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0345%	1h	787.56	+0.030%	$1.1M	$895K	20x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	787.78	+0.058%	$67K	$38K	12x	as long as short
dYdX BNB-USD	+0.0542%	1h	787.36	+0.005%	$158K	$42K	10x	as long as short