Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.012%

Price spread now: BingX against Derive+0.017%7-day average — · you sell dearer than you buy

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

Long on Derive Short on BingX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	791.00	0.0100	pay 0.0013% / 1h	31m 03s	$31K	$12K	10x
Short	BingX BNB-USDC	791.13	0.0058	get 0.0058% / 8h	5h 31m	—	$13.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Derive. 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 DerivebpFee BingXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$8.82
Price spread: +0.017% → 0.000%: $1.66
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$23.16
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; BingX: live order book, 7 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell BingX live order book, 7 min ago	0.32 bp	7.3 bp −$7	11.3 bp −$113	22.6 bp −$2,255	65.7 bp −$32.9K

Derive: 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 −0.0167% / S +0.0335%	1h	790.58	−0.053%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.79	−0.026%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.72	−0.035%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	790.56	−0.055%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.781%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	791.61	+0.077%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.79	−0.153%	$617K	$1.8M	50x	as long as short
BingX BNB-USDCshort	+0.0058%	8h	791.13	+0.017%	—	$13.4M	—
Phemex BNBUSDT	+0.0071%	8h	791.34	+0.043%	$69.3M	$51.1M	50x	as long as short
MEXC BNB_USDT	+0.0075%	8h	792.00	+0.127%	$80.5M	$12.4M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0075%	8h	791.65	+0.082%	$494.9M	$803.8M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	790.85	−0.018%	$2.5M	$1.2M	50x	as long as short
Variational Omni BNB	+0.0096%	8h	790.49	−0.065%	$4.1M	$4.6M	—	as long as short
Lighter BNB	+0.0096%	1h	791.16	+0.020%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.83	−0.021%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.75	−0.031%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.56	+0.071%	$51.9M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.69	−0.039%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	790.89	−0.014%	$139.1M	$77.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	790.90	−0.012%	$53.6M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.90	−0.012%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	790.85	−0.019%	$35.4M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	790.85	−0.019%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	790.70	−0.038%	$77.0M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	791.12	+0.015%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.40	−0.076%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.01	−0.125%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.67	−0.042%	$136K	$948K	10x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	791.00	long leg	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	791.45	+0.057%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.21	−0.100%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	791.21	+0.026%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	790.42	−0.073%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.83	−0.021%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.19	−0.102%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0138%	1h	790.90	−0.012%	$389K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0140%	8h	790.55	−0.057%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0193%	8h	791.20	+0.025%	$91K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	791.32	+0.041%	$18.1M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0232%	1h	790.32	−0.086%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	791.37	+0.047%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	790.49	−0.064%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	791.04	+0.005%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0383%	1h	789.79	−0.153%	$640K	$6K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	791.24	+0.031%	$1.5M	$147K	25x	as long as short
Hibachi BNB/USDT-P	+0.0592%	1h	790.51	−0.062%	$68K	$38K	12x	as long as short