Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.085%

Price spread now: Paradex against dYdX+0.091%7-day average — · you sell dearer than you buy

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

Long on dYdX 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.091% dearer against dYdX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	787.28	0.0065	pay 0.0008% / 1h	11m 40s	$160K	$62K	10x
Short	Paradex BNB-USD-PERP	788.00	0.0100	get 0.0100% / 8h	1h 11m	$78K	$18K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. 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 dYdXbpFee ParadexbpOrdersPrice spread, now +0.091%Rate

Funding earned: $7.46
Price spread: +0.091% → 0.000%: $9.13
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $2.59
Costs to cover: 0.140%
Break-even: 4.6 days

Slippage unknown: dYdX: live order book, 32 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 dYdX live order book, 32 min ago	11.56 bp	21.1 bp −$21	41.5 bp −$415	70.2 bp −$7,015	274.3 bp −$137.2K
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 45 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	787.24	−0.005%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.66	+0.048%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.21	+0.118%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.34	+0.007%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.262%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0050%	8h	787.49	+0.026%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0050%	8h	787.89	+0.077%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0060%	8h	788.40	+0.142%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0060%	8h	787.86	+0.074%	$490.4M	$819.5M	75x	as long as short
dYdX BNB-USDlong	+0.0065%	1h	787.28	long leg	$160K	$62K	10x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	787.94	+0.084%	$68.9M	$51.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	+0.002%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.44	+0.020%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.15	−0.017%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.99	+0.090%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.61	+0.041%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.18	−0.013%	$138.6M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−0.023%	$53.6M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	+0.028%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.40	+0.015%	$37.8M	$59.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.94	−0.044%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.21	−0.009%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.78	+0.063%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.11	−0.022%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	+0.068%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.50	+0.028%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.17	−0.014%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.32	+0.005%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.83	+0.070%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.50	+0.028%	$387K	$979K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.55	+0.034%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0100%	8h	788.00	+0.091%	$78K	$18K	50x
Extended BNB-USD	+0.0104%	1h	786.93	−0.045%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.35	+0.009%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0120%	8h	787.70	+0.053%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.80	+0.066%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0180%	8h	787.92	+0.081%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.76	+0.061%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.34	+0.007%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0222%	1h	787.85	+0.072%	$639K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0228%	8h	788.10	+0.103%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.94	+0.084%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	787.10	−0.023%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.58	+0.038%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0496%	1h	787.44	+0.020%	$67K	$39K	12x	as long as short