Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0478%/8h= −52.3% APRpaid last 24h −0.086%

Price spread now: BingX against Hibachi−0.163%7-day average — · you buy dearer than you sell

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

Long on Hibachi Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.485%−$49 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and BingX is 0.163% cheaper against Hibachi than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi BNB/USDT-P	794.78	0.0528	pay 0.0066% / 1h	18m 56s	$68K	$38K	12x
Short	BingX BNB-USDC	793.49	0.0050	get 0.0050% / 8h	6h 18m	—	$13.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hibachi. 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 HibachibpFee BingXbpOrdersPrice spread, now −0.163%Rate

Funding earned: −$100.38
Price spread: −0.163% → 0.000%: −$16.26
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$135.64
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; BingX: live order book, 4 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 Hibachi no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	0.25 bp	7.2 bp −$7	9.7 bp −$97	20.0 bp −$2,004	65.2 bp −$32.6K

Hibachi: 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 −0.0167% / S +0.0335%	1h	793.03	−0.221%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	793.42	−0.171%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.56	−0.154%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	794.40	−0.048%	$858K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.16	−0.205%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.297%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	794.01	−0.097%	$6.1M	$19.7M	200x	as long as short
Variational Omni BNB	+0.0038%	8h	794.10	−0.085%	$4.1M	$4.9M	—	as long as short
BingX BNB-USDCshort	+0.0050%	8h	793.49	−0.163%	—	$13.4M	—
Gate BNB_USDT	+0.0053%	8h	793.65	−0.143%	$35.4M	$56.6M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.094%	$610K	$1.1M	50x	as long as short
Phemex BNBUSDT	+0.0059%	8h	793.80	−0.124%	$69.4M	$50.7M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	794.60	−0.023%	$82.5M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	794.41	−0.047%	$494.1M	$810.1M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0070%	8h	795.62	+0.106%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0075%	1h	792.94	−0.232%	$160K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	794.99	+0.026%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.52	−0.159%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.20	−0.199%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.05	−0.218%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	794.16	−0.078%	$52.0M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	793.40	−0.174%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	793.70	−0.136%	$138.7M	$75.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.60	−0.149%	$53.2M	$110.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.40	−0.174%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.48	−0.164%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.46	−0.166%	$77.3M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	794.91	+0.016%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.60	−0.023%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.27	−0.190%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.37	−0.177%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.91	−0.110%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.40	−0.174%	$390K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	793.07	−0.216%	$8.1M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.91	−0.109%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.44	−0.169%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.43	−0.171%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.55	−0.155%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	793.80	−0.124%	$113K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.144%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	793.83	−0.120%	$28K	$3K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	793.80	−0.124%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	793.04	−0.219%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0385%	1h	794.37	−0.052%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-Plong	+0.0528%	1h	794.78	long leg	$68K	$38K	12x