Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin−0.041%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.041%, 7d avg −0.039%

Together, before fees+0.051%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	785.42	0.0100	pay 0.0100% / 8h	4h 46m	$28.2M	$9.6M	75x
Short	Extended BNB-USD	785.10	0.0104	get 0.0013% / 1h	46m 30s	$1.8M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0.84
Price spread: −0.041% → −0.039%: −$0.19
Slippage, 4 orders: −$11.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$28.07
Costs to cover: 0.287%
Break-even: 240.9 days

Slippage from KuCoin: live order book, 5 min ago; Extended: 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 KuCoin live order book, 5 min ago	0.44 bp	11.9 bp −$12	19.3 bp −$193	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.06 bp	3.1 bp −$3	4.0 bp −$40	doesn't fit	doesn't fit

BNB on 46 exchanges

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 −0.0166% / S +0.0336%	1h	785.26	−0.021%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0138%	1h	785.71	+0.037%	$2.6M	$1.4M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.45	+0.131%	$4K	—	25x	as long as short
Bybit BNBUSDT	−0.0065%	8h	785.20	−0.028%	$138.5M	$65.9M	75x	as long as short
BingX BNB-USDT	−0.0061%	8h	785.25	−0.022%	—	$50.3M	—	as long as short
Aster BNBUSDT	0.0000%	8h	786.15	+0.093%	$5.9M	$16.7M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	785.65	+0.029%	$2.9M	$26.8M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.30	+0.112%	$160K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.23	+0.103%	$848K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.19	−0.029%	$9.5M	—	150x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0008%	8h	786.90	+0.188%	$83.3M	$11.5M	200x	as long as short
Binance BNBUSDT	+0.0008%	8h	786.22	+0.102%	$479.9M	$750.3M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.504%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0034%	8h	786.33	+0.116%	$17.2M	$2.3M	75x	as long as short
Phemex BNBUSDT	+0.0078%	8h	786.36	+0.120%	$68.2M	$50.3M	50x	as long as short
Variational Omni BNB	+0.0087%	8h	785.24	−0.023%	$4.3M	$4.3M	—	as long as short
Lighter BNB	+0.0096%	1h	785.64	+0.028%	$2.7M	$2.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.15	−0.034%	$1.3M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.21	+0.101%	$52.1M	$16.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.75	+0.043%	$1.2M	$927K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.50	+0.010%	$53.3M	$99.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.80	+0.048%	$57K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.55	+0.017%	$42.2M	$51.8M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	785.42	long leg	$28.2M	$9.6M	75x
Bitget BNBUSDT	+0.0100%	8h	785.14	−0.036%	$75.5M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.11	+0.088%	$2.2M	$6.0M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.61	+0.024%	$4.1M	$71.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.88	+0.059%	$158K	$459K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.45	+0.004%	$126K	$911K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.92	+0.064%	$264K	$258K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.01	+0.075%	$31K	$10K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.55	+0.143%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.10	+0.087%	$386K	$921K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	786.20	+0.099%	$1.5M	$126K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.88	+0.058%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.09	+0.085%	$78K	$1.3M	50x	as long as short
Extended BNB-USDshort	+0.0104%	1h	785.10	−0.041%	$1.8M	$5.5M	50x
Aevo BNB-PERP	+0.0104%	1h	785.79	+0.048%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0116%	1h	786.56	+0.145%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	785.93	+0.065%	$537K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	786.24	+0.104%	$28K	$3K	10x	as long as short
Hibachi BNB/USDT-P	+0.0264%	1h	785.99	+0.072%	$67K	$34K	12x	as long as short
Bulk BNB-USD	+0.0274%	1h	787.88	+0.313%	$638K	$10K	10x	as long as short
dYdX BNB-USD	+0.0304%	1h	785.84	+0.054%	$158K	$34K	10x	as long as short
Reya BNBRUSDPERP	+0.0315%	1h	784.98	−0.056%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0391%	1h	785.86	+0.056%	$1.1M	$939K	20x	as long as short