Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Paradex against Bitget+0.105%52s7-day average — · you sell dearer than you buy

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

Long on Bitget 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.105% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	787.10	0.0100	pay 0.0100% / 8h	1h 04m	$76.8M	$31.6M	75x
Short	Paradex BNB-USD-PERP	787.93	0.0100	get 0.0100% / 8h	1h 04m	$78K	$18K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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 BitgetbpFee ParadexbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0.08
Price spread: +0.105% → 0.000%: $10.52
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.4
Costs to cover: 0.160%
Break-even: 494.0 days

Slippage unknown: Bitget: live order book, 4 min ago; 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 Bitget live order book, 4 min ago	0.06 bp	7.0 bp −$7	9.5 bp −$95	21.3 bp −$2,132	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 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 −0.0170% / S +0.0337%	1h	787.09	−0.002%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.02	+0.117%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.25	+0.146%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.17	+0.009%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.286%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0048%	8h	787.24	+0.018%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0050%	8h	787.66	+0.071%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0059%	8h	788.40	+0.165%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0059%	8h	787.64	+0.068%	$489.6M	$820.9M	75x	as long as short
dYdX BNB-USD	+0.0061%	1h	787.30	+0.026%	$160K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0074%	8h	787.76	+0.084%	$68.8M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.43	+0.042%	$564K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.21	+0.014%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.20	+0.013%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.76	+0.084%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.63	+0.068%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.00	−0.013%	$138.5M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.90	−0.025%	$53.6M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	+0.051%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.05	−0.006%	$37.9M	$59.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.81	−0.037%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	787.10	long leg	$76.8M	$31.6M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	787.52	+0.053%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.51	+0.052%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.68	+0.073%	$4.1M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.74	+0.081%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.10	0.000%	$132K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.19	+0.011%	$265K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.83	+0.092%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.74	+0.081%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.30	+0.025%	$387K	$978K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.46	+0.046%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0100%	8h	787.93	+0.105%	$78K	$18K	50x
Extended BNB-USD	+0.0104%	1h	786.73	−0.048%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.13	+0.004%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	787.80	+0.089%	$171K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.76	+0.084%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0179%	8h	787.77	+0.085%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.53	+0.055%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	787.07	−0.004%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0222%	1h	787.85	+0.095%	$639K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0228%	8h	787.96	+0.109%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.75	+0.083%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.93	−0.022%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.53	+0.055%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0472%	1h	787.88	+0.099%	$67K	$39K	12x	as long as short