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: Bitget against OKX−0.003%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.003%, 7d avg −0.022%

Together, before fees−0.025%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	786.40	0.0100	pay 0.0100% / 8h	1h 30m	$53.5M	$113.0M	50x
Short	Bitget BNBUSDT	786.38	0.0100	get 0.0100% / 8h	1h 30m	$76.1M	$31.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → −0.022%: $1.99
Slippage, 4 orders: −$3.16
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$23.17
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 3 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 OKX live order book, 3 min ago	0.64 bp	6.2 bp −$6	9.2 bp −$92	26.7 bp −$2,673	doesn't fit
Sell Bitget live order book, 3 min ago	0.06 bp	6.6 bp −$7	11.0 bp −$110	19.6 bp −$1,963	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 −0.0170% / S +0.0337%	1h	786.45	+0.006%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.78	+0.048%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.19	+0.100%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.52	+0.015%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.377%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0050%	8h	787.16	+0.097%	$6.1M	$18.9M	200x	as long as short
BingX BNB-USDT	+0.0051%	8h	786.78	+0.048%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0064%	8h	787.80	+0.178%	$81.1M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0065%	8h	787.16	+0.097%	$490.4M	$815.3M	75x	as long as short
dYdX BNB-USD	+0.0073%	1h	786.36	−0.005%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	787.12	+0.092%	$68.8M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.20	−0.025%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.72	+0.041%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.10	−0.038%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.12	+0.092%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.50	+0.013%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.39	−0.001%	$138.4M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	786.40	long leg	$53.5M	$113.0M	50x
Arcus BNB-USD	+0.0100%	1h	786.50	+0.013%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.65	+0.032%	$37.4M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.41	+0.001%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	786.38	−0.003%	$76.1M	$31.2M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	786.98	+0.074%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.11	−0.037%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.71	+0.040%	$4.1M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.63	+0.029%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.33	−0.009%	$131K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.55	+0.019%	$265K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.03	−0.047%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.08	+0.086%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.70	+0.038%	$387K	$982K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.45	+0.006%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.91	+0.065%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.26	−0.018%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.53	+0.016%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0135%	1h	786.26	−0.018%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0136%	8h	786.80	+0.051%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	787.15	+0.095%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.89	+0.062%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.37	−0.004%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	787.25	+0.108%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	786.97	+0.072%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0291%	1h	787.29	+0.114%	$638K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.16	−0.031%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.73	+0.041%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	786.65	+0.031%	$67K	$39K	12x	as long as short