Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.056%

Price spread now: 01 Exchange against KuCoin+0.094%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on 01 Exchange

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and 01 Exchange is 0.094% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	786.23	0.0100	pay 0.0100% / 8h	1h 41m	$27.6M	$10.2M	75x
Short	01 Exchange BNBUSD	786.97	0.0256	get 0.0032% / 1h	41m 33s	$28K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.094%Rate

Funding earned: $32.76
Price spread: +0.094% → 0.000%: $9.41
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $23.17
Costs to cover: 0.190%
Break-even: 2.0 days

Slippage unknown: KuCoin: live order book, 7 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 7 min ago	0.57 bp	8.3 bp −$8	18.6 bp −$186	55.6 bp −$5,556	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0170% / S +0.0337%	1h	786.32	+0.011%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.70	+0.060%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.13	+0.114%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.34	+0.014%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.399%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0049%	8h	787.08	+0.108%	$6.1M	$18.9M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	786.51	+0.036%	—	$13.4M	—	as long as short
dYdX BNB-USD	+0.0063%	1h	786.47	+0.030%	$159K	$62K	10x	as long as short
Binance BNBUSDT	+0.0066%	8h	787.01	+0.099%	$490.3M	$816.4M	75x	as long as short
MEXC BNB_USDT	+0.0066%	8h	787.50	+0.162%	$81.0M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0078%	8h	786.89	+0.084%	$68.8M	$50.9M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.88	+0.083%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.60	+0.047%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.20	−0.004%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.64	+0.052%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.29	+0.008%	$138.4M	$75.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.40	+0.022%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	+0.060%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.45	+0.028%	$37.2M	$58.9M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	786.23	long leg	$27.6M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	786.25	+0.003%	$76.1M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−0.040%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.84	+0.078%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.27	+0.005%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.32	+0.011%	$131K	$949K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.36	+0.017%	$264K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.58	+0.044%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.07	+0.107%	$13K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.40	+0.022%	$387K	$984K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.38	+0.019%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.97	+0.094%	$76K	$17K	50x	as long as short
Backpack BNB_USDC_PERP	+0.0102%	1h	786.72	+0.062%	$2.2M	$6.1M	40x	as long as short
Extended BNB-USD	+0.0104%	1h	786.18	−0.007%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.40	+0.022%	$378K	$110K	10x	as long as short
Hyperliquid BNB	+0.0109%	1h	786.99	+0.097%	$51.5M	$17.7M	10x	as long as short
Phoenix BNB	+0.0135%	1h	786.77	+0.069%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0140%	8h	786.90	+0.085%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.15	+0.117%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.80	+0.072%	$1.5M	$143K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.25	+0.003%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	787.39	+0.147%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSDshort	+0.0256%	1h	786.97	+0.094%	$28K	$4K	10x
Bulk BNB-USD	+0.0305%	1h	787.08	+0.109%	$638K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.16	−0.009%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.75	+0.066%	$1.1M	$914K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	786.70	+0.059%	$67K	$39K	12x	as long as short