Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.013%

Price spread now: BingX against edgeX−0.091%85s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.239% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.091%, 7d avg −0.032%

Together, before fees+0.004%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.059% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.032%). Swap the legs. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BNBUSDC	789.89	0.0100	pay 0.0050% / 4h	22m 02s	$4.1M	$73.2M	30x
Short	BingX BNB-USDT	789.17	0.0052	get 0.0052% / 8h	4h 22m	—	$34.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$10.08
Price spread: −0.091% → −0.032%: −$5.92
Slippage, 4 orders: −$4.95
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$39.94
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; BingX: live order book, 2 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 edgeX live order book, 2 min ago	1.90 bp	6.4 bp −$6	6.4 bp −$64	10.1 bp −$1,007	doesn't fit
Sell BingX live order book, 2 min ago	0.13 bp	5.1 bp −$5	5.8 bp −$58	11.5 bp −$1,153	23.2 bp −$11.6K

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 +0.0351%	1h	789.31	−0.073%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.67	−0.028%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.36	−0.067%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.31	−0.074%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.924%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0039%	8h	789.69	−0.025%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDTshort	+0.0052%	8h	789.17	−0.091%	—	$34.4M	—
Binance BNBUSDT	+0.0064%	8h	789.67	−0.028%	$492.8M	$790.2M	75x	as long as short
MEXC BNB_USDT	+0.0064%	8h	789.90	+0.001%	$80.1M	$12.4M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.056%	$582K	$1.9M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0065%	8h	789.78	−0.014%	$69.1M	$50.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.34	−0.070%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.40	−0.062%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.20	−0.087%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.61	−0.035%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.49	−0.050%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	−0.100%	$138.8M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.00	−0.113%	$53.4M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.50	−0.049%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.10	−0.100%	$35.5M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.98	−0.115%	$27.9M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.67	−0.154%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.44	−0.057%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.00	−0.112%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDClong	+0.0100%	4h	789.89	long leg	$4.1M	$73.2M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	790.13	+0.030%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.24	−0.082%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.55	−0.043%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.97	+0.010%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.50	−0.049%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.38	−0.065%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.94	+0.006%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.05	−0.106%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.32	−0.073%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.73	−0.020%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0130%	1h	789.35	−0.068%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0145%	8h	790.08	+0.024%	$2.9M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0178%	8h	789.80	−0.011%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0184%	8h	789.74	−0.019%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0222%	1h	790.13	+0.030%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.96	+0.009%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.04	−0.108%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.80	−0.011%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.15	−0.094%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	789.51	−0.048%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.63	−0.032%	$1.1M	$967K	20x	as long as short