Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h +0.004%

Price spread now: MEXC against Derive+0.049%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 MEXC

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 pays, funding is against you. MEXC is 0.049% dearer against Derive than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	789.31	0.0100	pay 0.0013% / 1h	18m 56s	$31K	$12K	10x
Short	MEXC BNB_USDT	789.70	0.0062	get 0.0062% / 8h	4h 18m	$80.1M	$12.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$7.98
Price spread: +0.049% → 0.000%: $4.89
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$13.09
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.63 bp	2.6 bp −$3	5.5 bp −$55	16.3 bp −$1,634	31.3 bp −$15.7K

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 −0.0187% / S +0.0352%	1h	789.21	−0.013%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.60	+0.036%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.38	+0.008%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.23	−0.011%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.999%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	789.82	+0.064%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	789.18	−0.017%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0058%	8h	789.76	+0.057%	$69.1M	$50.0M	50x	as long as short
MEXC BNB_USDTshort	+0.0062%	8h	789.70	+0.049%	$80.1M	$12.4M	200x
Binance BNBUSDT	+0.0063%	8h	789.40	+0.011%	$492.6M	$789.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.017%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.25	−0.008%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.20	−0.014%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.10	−0.027%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.64	+0.041%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.40	+0.011%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.80	−0.065%	$138.8M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.60	−0.090%	$53.4M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.40	+0.011%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.00	−0.040%	$35.5M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.73	−0.074%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.57	−0.094%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.43	+0.015%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.80	−0.065%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.71	+0.050%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.71	+0.050%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.05	−0.033%	$133K	$950K	10x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	789.31	long leg	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	789.82	+0.064%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.40	+0.011%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.11	−0.026%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.78	+0.059%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.49	−0.104%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.33	+0.002%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.49	+0.022%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0124%	1h	789.35	+0.005%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0148%	8h	789.97	+0.083%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0176%	8h	789.80	+0.062%	$125K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0183%	8h	789.85	+0.068%	$18.2M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.61	+0.037%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0222%	1h	790.13	+0.103%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.76	+0.057%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.01	−0.038%	$2.5M	$1.2M	50x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.89	−0.053%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0400%	1h	789.48	+0.021%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.50	+0.023%	$1.1M	$967K	20x	as long as short