Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against edgeX−0.085%113s7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as 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−$320.324% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.085%, 7d avg −0.065%

Together, before fees−0.007%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.020% cheaper against edgeX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.065%. The two prices were read 113 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	803.19	0.0100	pay 0.0050% / 4h	43m 47s	$4.2M	$77.8M	30x
Short	KuCoin BNBUSDTM	802.50	0.0100	get 0.0100% / 8h	43m 47s	$28.1M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.065%: −$2.05
Slippage, 4 orders: −$11.35
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$34.4
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	2.49 bp	7.0 bp −$7	7.0 bp −$70	10.7 bp −$1,067	doesn't fit
Sell KuCoin live order book, 5 min ago	0.81 bp	8.4 bp −$8	21.4 bp −$214	doesn't fit	doesn't fit

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 −0.0201% / S +0.0372%	1h	803.14	−0.006%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.95	−0.029%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.99	−0.025%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.05	−0.017%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.92	+0.092%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.16	−0.003%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0027%	8h	802.45	−0.092%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	802.63	−0.069%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0060%	8h	802.30	−0.110%	$139.3M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.307%	$607K	$995K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	803.01	−0.022%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.79	−0.049%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.98	−0.025%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.30	−0.110%	$54.7M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.90	−0.035%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.75	−0.054%	$36.0M	$57.8M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	802.50	−0.085%	$28.1M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	802.28	−0.113%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDClong	+0.0100%	4h	803.19	long leg	$4.2M	$77.8M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	803.25	+0.008%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.96	−0.028%	$119K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.19	+0.001%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.39	+0.026%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.24	+0.007%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.78	−0.050%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.22	+0.005%	$78K	$19K	50x	as long as short
SoDEX BNB-USD	+0.0102%	1h	803.30	+0.014%	$395K	$1.0M	10x	as long as short
Aster BNBUSDT	+0.0103%	8h	803.44	+0.032%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.06	−0.141%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.22	+0.005%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	803.69	+0.063%	$70.2M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0114%	8h	803.40	+0.027%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0125%	8h	803.33	+0.019%	$502.4M	$817.2M	75x	as long as short
MEXC BNB_USDT	+0.0125%	8h	803.50	+0.039%	$83.6M	$13.5M	200x	as long as short
Phoenix BNB	+0.0127%	1h	803.09	−0.012%	$173K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	803.63	+0.055%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0231%	1h	803.55	+0.045%	$52.1M	$21.4M	10x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	803.31	+0.016%	$71K	$43K	12x	as long as short
BloFin BNB-USDT	+0.0245%	8h	803.67	+0.060%	$18.2M	$2.6M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.88	−0.038%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.237%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.049%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.71	−0.059%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0366%	1h	804.03	+0.105%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0368%	1h	803.37	+0.023%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0448%	1h	802.89	−0.037%	$162K	$62K	10x	as long as short