Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0372%/8h= +40.7% APRpaid last 24h +0.083%

Price spread now: Hibachi against Bybit−0.018%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.572%+$57 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	789.50	0.0100	pay 0.0100% / 8h	4h 38m	$138.8M	$74.7M	75x
Short	Hibachi BNB/USDT-P	789.36	0.0472	get 0.0059% / 1h	38m 26s	$67K	$38K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Bybit. 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 BybitbpFee HibachibpOrdersPrice spread, now −0.018%Rate

Funding earned: $78.12
Price spread: −0.018% → 0.000%: −$1.82
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $56.3
Costs to cover: 0.200%
Break-even: 2.0 days

Slippage unknown: Bybit: live order book, 6 min ago; Hibachi: 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 Bybit live order book, 6 min ago	0.63 bp	7.3 bp −$7	10.1 bp −$101	27.1 bp −$2,707	168.4 bp −$84.2K
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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 −0.0185% / S +0.0350%	1h	789.65	+0.019%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.40	−0.013%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.98	+0.061%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.61	+0.014%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.975%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0040%	8h	789.70	+0.025%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.66	+0.020%	—	$34.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.006%	$582K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0066%	8h	790.26	+0.096%	$493.2M	$788.9M	75x	as long as short
MEXC BNB_USDT	+0.0066%	8h	790.50	+0.127%	$80.2M	$12.3M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0066%	8h	789.48	−0.003%	$69.1M	$49.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.25	−0.032%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.81	+0.039%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.80	−0.089%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.28	+0.099%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.29	−0.027%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDTlong	+0.0100%	8h	789.50	long leg	$138.8M	$74.7M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	789.40	−0.013%	$53.4M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.50	0.000%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.55	+0.006%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.11	−0.049%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.24	−0.033%	$76.4M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.25	−0.032%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.90	−0.075%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.18	+0.086%	$4.1M	$73.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.91	+0.052%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.60	+0.013%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.90	+0.050%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.66	+0.020%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.60	+0.013%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.71	+0.027%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.79	+0.037%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.10	−0.050%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.84	+0.043%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.39	−0.014%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0124%	1h	788.93	−0.072%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0137%	8h	789.99	+0.062%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0180%	8h	790.10	+0.076%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	789.44	−0.008%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	790.09	+0.075%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.24	−0.033%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0272%	1h	789.78	+0.035%	$640K	$9K	10x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.30	−0.025%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	790.26	+0.096%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.64	+0.018%	$1.1M	$973K	20x	as long as short
Hibachi BNB/USDT-Pshort	+0.0472%	1h	789.36	−0.018%	$67K	$38K	12x