Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against edgeX−0.107%61s7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as 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−$250.245% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.107%, 7d avg −0.073%

Together, before fees−0.024%+ Points / potential airdropedgeX: Active · farm board−$2 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: OKX is 0.035% cheaper against edgeX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.073%. The two prices were read 61 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	789.65	0.0100	pay 0.0050% / 4h	16m 28s	$4.1M	$73.3M	30x
Short	OKX BNB-USDT-SWAP	788.80	0.0100	get 0.0100% / 8h	4h 16m	$53.4M	$111.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.073%: −$3.46
Slippage, 4 orders: −$5.54
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; OKX: 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, 3 min ago	1.90 bp	6.4 bp −$6	6.4 bp −$64	9.4 bp −$939	doesn't fit
Sell OKX live order book, 2 min ago	0.63 bp	5.6 bp −$6	7.8 bp −$78	21.1 bp −$2,108	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 −0.0188% / S +0.0352%	1h	789.26	−0.049%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.26	−0.049%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.11	−0.068%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.61	−0.131%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.955%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	789.51	−0.018%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0050%	8h	789.04	−0.077%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0056%	8h	789.92	+0.034%	$69.1M	$50.0M	50x	as long as short
MEXC BNB_USDT	+0.0060%	8h	789.60	−0.006%	$80.1M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0061%	8h	789.37	−0.036%	$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	−0.025%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.13	−0.066%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.35	−0.038%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.90	−0.095%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.40	−0.032%	$51.8M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.12	−0.068%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.70	−0.120%	$138.7M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	788.80	−0.107%	$53.4M	$111.2M	50x
Arcus BNB-USD	+0.0100%	1h	789.10	−0.069%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.80	−0.107%	$35.5M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.82	−0.105%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.52	−0.143%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.82	+0.022%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.80	−0.107%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDClong	+0.0100%	4h	789.65	long leg	$4.1M	$73.3M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	789.43	−0.028%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.72	−0.118%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.48	−0.022%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.89	+0.031%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.50	−0.019%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.11	−0.068%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.28	−0.047%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.54	−0.141%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.40	−0.031%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.49	−0.020%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	789.35	−0.038%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0150%	8h	790.01	+0.046%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	789.80	+0.019%	$125K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0181%	8h	789.84	+0.024%	$18.2M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0222%	1h	790.13	+0.061%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.37	−0.035%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.32	−0.042%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.79	+0.018%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.60	−0.132%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0392%	1h	789.26	−0.049%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.26	−0.050%	$1.1M	$967K	20x	as long as short