Settings8H · net · $10k
Funding arb · Price arb /

BNB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0296%/8h= −32.4% APRnext payment $0.37 per $10,000 · paid last 24h −0.013%
Price spread now: 01 Exchange against Hibachi+0.074%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · farm boardneeds both histories
The price spread pays, funding is against you. 01 Exchange is 0.074% dearer against Hibachi than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 20 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi BNB/USDT-P790.230.0576pay 0.0072% / 1h2m 05s$67K$38K12x
Short01 Exchange BNBUSD790.810.0280get 0.0035% / 1h2m 05s$28K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
−$62.16
Price spread: +0.074% → 0.000%
$7.35
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$70.81
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample
Sell 01 Exchange no order-book sample
Hibachi and 01 Exchange: 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 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0181% / S +0.0347%1h790.10−0.017%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h790.60+0.047%$4K$23925xas long as short
StandX BNB-USD0.0000%1h791.07+0.106%$855K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h790.10−0.016%$9.6M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.881%$19K$789K30xas long as short
Aster BNBUSDT+0.0047%8h790.58+0.044%$6.2M$18.7M200xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h790.10−0.016%$590K$1.9M50xas long as short
BingX BNB-USDT+0.0057%8h790.24+0.001%$34.3Mas long as short
Phemex BNBUSDT+0.0064%8h790.74+0.065%$69.3M$50.3M50xas long as short
MEXC BNB_USDT+0.0071%8h791.20+0.123%$80.4M$12.5M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0071%8h790.64+0.052%$493.5M$791.3M75xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h790.08−0.019%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h790.42+0.024%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h790.25+0.003%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h790.10−0.016%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h790.79+0.071%$51.9M$17.5M10xas long as short
Pacifica BNB+0.0100%1h790.55+0.040%$1.2M$914K20xas long as short
Bybit BNBUSDT+0.0100%8h789.80−0.054%$139.0M$75.8M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h789.80−0.054%$53.4M$111.7M50xas long as short
Arcus BNB-USD+0.0100%1h790.50+0.034%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h790.05−0.023%$35.4M$57.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h789.94−0.037%$27.7M$10.4M75xas long as short
Bitget BNBUSDT+0.0100%8h789.70−0.067%$76.5M$30.3M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h790.49+0.033%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h789.30−0.118%$4.1M$4.6Mas long as short
edgeX BNBUSDC+0.0100%4h790.24+0.001%$4.1M$74.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h790.01−0.028%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h789.99−0.030%$133K$949K10xas long as short
Derive BNB-PERP+0.0100%1h790.39+0.020%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h790.90+0.085%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h790.30+0.009%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h790.10−0.016%$8.1M$9.3M75xas long as short
Paradex BNB-USD-PERP+0.0102%8h790.95+0.091%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h789.65−0.073%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h789.95−0.036%$379K$110K10xas long as short
Phoenix BNB+0.0107%1h790.39+0.020%$170K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0138%8h790.45+0.028%$2.9M$28.0M10xas long as short
Kalshi KXBNBPERP+0.0183%8h791.20+0.123%$105K$2.7M4.8xas long as short
dYdX BNB-USD+0.0191%1h789.65−0.073%$160K$64K10xas long as short
BloFin BNB-USDT+0.0191%8h790.74+0.065%$18.2M$2.2M75xas long as short
01 Exchange BNBUSDshort+0.0280%1h790.81+0.074%$28K$4K10x
Deribit BNB_USDC-PERPETUAL+0.0300%1h790.67+0.056%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0327%1h789.65−0.074%$6K$3K40xas long as short
Bulk BNB-USD+0.0338%1h790.78+0.070%$640K$9K10xas long as short
RISEx BNB/USDC+0.0361%1h790.59+0.046%$1.1M$979K20xas long as short
Hibachi BNB/USDT-Plong+0.0576%1h790.23long leg$67K$38K12x