Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: SoDEX against KuCoin+0.015%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.015%, 7d avg +0.032%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	797.78	0.0100	pay 0.0100% / 8h	7h 48m	$27.9M	$10.1M	75x
Short	SoDEX BNB-USD	797.90	0.0100	get 0.0013% / 1h	48m 00s	$392K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.032%: −$1.68
Slippage, 4 orders: −$9.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$30.9
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; SoDEX: live order book, 1 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, 11 min ago	0.44 bp	6.9 bp −$7	18.2 bp −$182	54.7 bp −$5,465	doesn't fit
Sell SoDEX live order book, 1 min ago	0.63 bp	4.6 bp −$5	8.4 bp −$84	82.2 bp −$8,217	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 −0.0201% / S +0.0372%	1h	797.69	−0.011%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.48	−0.037%	$2.5M	$979K	50x	as long as short
Bybit BNBUSDT	−0.0081%	8h	797.40	−0.048%	$138.4M	$77.0M	75x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.13	+0.044%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0030%	8h	797.89	+0.014%	—	$13.3M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.92	+0.143%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.40	+0.078%	$863K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.86	+0.010%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.13	−0.082%	$4.1M	$5.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.916%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0046%	8h	798.28	+0.063%	$69.7M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	+0.028%	$601K	$987K	50x	as long as short
Gate BNB_USDT	+0.0054%	8h	797.50	−0.035%	$35.7M	$55.8M	75x	as long as short
Aster BNBUSDT	+0.0069%	8h	798.18	+0.050%	$6.2M	$19.3M	200x	as long as short
MEXC BNB_USDT	+0.0091%	8h	798.90	+0.140%	$83.0M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0091%	8h	798.37	+0.073%	$496.3M	$816.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	797.88	+0.013%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.71	+0.117%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.71	−0.009%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.04	+0.033%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.80	+0.003%	$54.1M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.10	+0.040%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	797.78	long leg	$27.9M	$10.1M	75x
Bitget BNBUSDT	+0.0100%	8h	797.65	−0.016%	$78.7M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.80	+0.128%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.41	+0.079%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.78	0.000%	$118K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.79	+0.001%	$386K	$481K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.94	+0.020%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.51	+0.092%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	797.90	+0.015%	$392K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	797.53	−0.032%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.64	+0.108%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.57	−0.026%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.88	+0.012%	$383K	$108K	10x	as long as short
Bulk BNB-USD	+0.0118%	1h	798.39	+0.077%	$648K	$11K	10x	as long as short
Hibachi BNB/USDT-P	+0.0136%	1h	797.90	+0.015%	$70K	$35K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	798.40	+0.078%	$89K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.83	+0.007%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0211%	8h	798.50	+0.090%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	798.27	+0.061%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	798.27	+0.062%	$1.6M	$160K	25x	as long as short
dYdX BNB-USD	+0.0306%	1h	797.97	+0.024%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.38	−0.050%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0359%	1h	798.36	+0.073%	$53.2M	$20.8M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0387%	1h	798.52	+0.093%	$2.7M	$5.7M	40x	as long as short