Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.004%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days−0.022%−$2 · spread now −0.004%, 7d avg −0.007%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	800.43	0.0100	pay 0.0100% / 8h	7h 25m	$27.9M	$10.0M	75x
Short	OKX BNB-USDT-SWAP	800.40	0.0100	get 0.0100% / 8h	7h 25m	$54.3M	$111.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → −0.007%: $0.34
Slippage, 4 orders: −$14.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$36.35
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	1.06 bp	13.9 bp −$14	25.7 bp −$257	59.3 bp −$5,928	doesn't fit
Sell OKX live order book, 4 min ago	0.63 bp	5.9 bp −$6	8.6 bp −$86	21.2 bp −$2,121	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 −0.0159% / S +0.0334%	1h	800.55	+0.015%	$48K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0120%	1h	800.52	+0.011%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.30	−0.016%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0024%	8h	800.22	−0.026%	—	$13.4M	—	as long as short
Bybit BNBUSDT	−0.0005%	8h	800.30	−0.016%	$139.0M	$75.7M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.53	−0.112%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.70	−0.091%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	800.95	+0.065%	$70.0M	$50.1M	50x	as long as short
Variational Omni BNB	+0.0003%	8h	799.72	−0.089%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.56	+0.016%	$9.8M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.582%	$19K	$789K	30x	as long as short
Gate BNB_USDT	+0.0039%	8h	800.30	−0.016%	$35.8M	$56.5M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	800.80	+0.046%	$617K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0059%	8h	800.83	+0.050%	$6.2M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0081%	8h	801.00	+0.072%	$497.0M	$812.0M	75x	as long as short
MEXC BNB_USDT	+0.0081%	8h	801.40	+0.121%	$83.2M	$13.6M	200x	as long as short
Lighter BNB	+0.0096%	1h	800.90	+0.058%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	800.45	+0.002%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.00	−0.054%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.50	+0.009%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	800.40	−0.004%	$54.3M	$111.5M	50x
Arcus BNB-USD	+0.0100%	1h	800.40	−0.004%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	800.43	long leg	$27.9M	$10.0M	75x
Bitget BNBUSDT	+0.0100%	8h	799.98	−0.056%	$78.4M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.40	−0.129%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.54	−0.111%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.13	−0.037%	$115K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.52	+0.011%	$387K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.77	+0.042%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.26	+0.103%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.80	+0.046%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.35	−0.010%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.81	+0.048%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.32	−0.014%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.73	+0.037%	$385K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	−0.144%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	800.22	−0.026%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	801.30	+0.109%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0201%	8h	801.17	+0.092%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	800.60	+0.021%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0215%	1h	800.07	−0.045%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0216%	1h	800.70	+0.033%	$69K	$38K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	801.15	+0.090%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0305%	1h	801.23	+0.100%	$53.2M	$20.7M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	799.71	−0.090%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0395%	1h	801.30	+0.109%	$2.7M	$5.7M	40x	as long as short