Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.047%

Price spread now: edgeX against Hyperliquid−0.207%46s7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as 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−$260.256% of the position

Long on Hyperliquid Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days+0.272%+$27 · spread now −0.207%, 7d avg +0.024%

Together, before fees+0.252%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board+$25 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: edgeX is 0.231% cheaper against Hyperliquid than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.024%. The two prices were read 46 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	Hyperliquid BNB	786.94	0.0100	pay 0.0013% / 1h	56m 45s	$51.6M	$17.6M	10x
Short	edgeX BNBUSDC	785.31	0.0100	get 0.0050% / 4h	3h 56m	$4.1M	$76.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Hyperliquid. 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 HyperliquidbpFee edgeXbpOrdersPrice spread, now −0.207%Rate

Funding earned: $0
Price spread: −0.207% → +0.024%: −$23.15
Slippage, 4 orders: −$7.62
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$48.77
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; edgeX: 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 Hyperliquid live order book, 7 min ago	0.06 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	2.55 bp	7.0 bp −$7	7.0 bp −$70	10.9 bp −$1,086	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 −0.0168% / S +0.0337%	1h	786.14	−0.101%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.77	−0.149%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	786.23	−0.090%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	786.22	−0.091%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.19	−0.095%	$9.5M	—	150x	as long as short
dYdX BNB-USD	+0.0008%	1h	786.34	−0.076%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0024%	8h	786.84	−0.013%	$68.6M	$51.1M	50x	as long as short
Aster BNBUSDT	+0.0030%	8h	787.01	+0.009%	$6.0M	$18.6M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.306%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0038%	8h	786.08	−0.109%	—	$13.4M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0045%	8h	787.90	+0.122%	$81.3M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0046%	8h	786.96	+0.003%	$489.5M	$812.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	786.56	−0.048%	$2.7M	$3.6M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.66	−0.163%	$158K	$38K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.65	−0.164%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNBlong	+0.0100%	1h	786.94	long leg	$51.6M	$17.6M	10x
Pacifica BNB	+0.0100%	1h	786.65	−0.037%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.30	−0.081%	$138.5M	$73.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.30	−0.081%	$53.5M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.00	−0.119%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.40	−0.069%	$38.7M	$55.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.97	−0.123%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.14	−0.102%	$75.4M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.68	−0.033%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.64	−0.292%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	785.31	−0.207%	$4.1M	$76.5M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	785.42	−0.193%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.21	−0.093%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.37	−0.072%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.49	−0.057%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.81	−0.017%	$13K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.40	−0.069%	$387K	$954K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.12	−0.104%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.31	−0.080%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.15	−0.101%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.31	−0.080%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0106%	8h	786.90	−0.005%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.84	−0.140%	$547K	$1.9M	50x	as long as short
BloFin BNB-USDT	+0.0166%	8h	786.83	−0.014%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0185%	8h	785.57	−0.174%	$2.9M	$27.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.75	−0.024%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0208%	1h	785.85	−0.138%	$637K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	786.52	−0.053%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	785.82	−0.142%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	786.48	−0.058%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	785.19	−0.222%	$67K	$39K	12x	as long as short