Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0273%/8h= −29.9% APRpaid last 24h −0.050%

Price spread now: Bitget against Bulk+0.003%7-day average −0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Bulk Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.231%−$23 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.003%, 7d avg −0.142%

Together, before fees−0.334%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.145% dearer against Bulk than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.142%): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk BNB-USD	788.05	0.0373	pay 0.0047% / 1h	38m 55s	$638K	$13K	10x
Short	Bitget BNBUSDT	788.08	0.0100	get 0.0100% / 8h	5h 38m	$76.8M	$30.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bulk. 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 BulkbpFee BitgetbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$57.42
Price spread: +0.003% → −0.142%: $14.49
Slippage, 4 orders: −$1.85
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.77
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Bulk: live order book, 25 min ago; Bitget: 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 Bulk live order book, 25 min ago	0.06 bp	3.6 bp −$4	3.8 bp −$38	6.6 bp −$659	15.4 bp −$7,688
Sell Bitget live order book, 5 min ago	0.06 bp	7.1 bp −$7	8.7 bp −$87	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 −0.0167% / S +0.0335%	1h	788.15	+0.013%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.81	+0.096%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.53	+0.187%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.21	+0.019%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.162%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0042%	8h	788.89	+0.106%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	+0.132%	$618K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0058%	8h	788.50	+0.057%	—	$34.4M	—	as long as short
MEXC BNB_USDT	+0.0074%	8h	789.40	+0.171%	$80.3M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0075%	8h	789.07	+0.129%	$493.4M	$805.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0078%	8h	788.85	+0.101%	$69.1M	$51.0M	50x	as long as short
Variational Omni BNB	+0.0086%	8h	787.60	−0.058%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.10	+0.006%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.51	+0.058%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.25	+0.025%	$265K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.30	+0.031%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.92	+0.110%	$51.7M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.59	+0.069%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.41	+0.045%	$138.6M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.60	+0.069%	$53.5M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.60	+0.069%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.35	+0.038%	$35.3M	$56.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.13	+0.010%	$27.7M	$10.4M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	788.08	+0.003%	$76.8M	$30.0M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	788.64	+0.074%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.57	+0.066%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.87	+0.104%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.26	+0.026%	$137K	$946K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.45	+0.050%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.90	+0.107%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.42	+0.047%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.01	+0.122%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.03	−0.003%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.32	+0.034%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	789.13	+0.137%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0132%	8h	789.50	+0.184%	$2.9M	$28.2M	10x	as long as short
SoDEX BNB-USD	+0.0145%	1h	788.40	+0.044%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0186%	8h	788.90	+0.107%	$95K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	788.79	+0.093%	$18.1M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0238%	1h	788.16	+0.013%	$159K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.68	+0.079%	$1.5M	$152K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	788.85	+0.101%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.15	+0.012%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.65	+0.076%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USDlong	+0.0373%	1h	788.05	long leg	$638K	$13K	10x
Hibachi BNB/USDT-P	+0.0584%	1h	789.00	+0.120%	$67K	$38K	12x	as long as short