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% APRpaid last 24h 0.000%

Price spread now: edgeX against OKX+0.078%111s7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.249% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.078%, 7d avg +0.073%

Together, before fees+0.051%+ Points / potential airdropedgeX: 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	OKX BNB-USDT-SWAP	787.60	0.0100	pay 0.0100% / 8h	3h 21m	$53.5M	$111.6M	50x
Short	edgeX BNBUSDC	788.21	0.0100	get 0.0050% / 4h	3h 21m	$4.1M	$73.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → +0.073%: $0.49
Slippage, 4 orders: −$5.89
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$24.4
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; edgeX: live order book, 2 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, 2 min ago	0.63 bp	5.6 bp −$6	7.3 bp −$73	20.3 bp −$2,034	doesn't fit
Sell edgeX live order book, 2 min ago	1.90 bp	6.4 bp −$6	6.4 bp −$64	9.6 bp −$962	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 −0.0192% / S +0.0356%	1h	787.11	−0.063%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.06	−0.069%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.42	−0.023%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.90	+0.038%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.54	+0.119%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.15	−0.057%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0024%	8h	788.16	+0.071%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.221%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0036%	8h	787.92	+0.041%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0043%	8h	788.70	+0.140%	$80.0M	$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
Binance BNBUSDT	+0.0043%	8h	788.32	+0.091%	$491.5M	$800.5M	75x	as long as short
Phemex BNBUSDT	+0.0051%	8h	787.62	+0.003%	$68.9M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.23	−0.047%	$589K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.22	+0.079%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0096%	1h	787.16	−0.056%	$159K	$63K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.77	+0.021%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.20	−0.051%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.25	−0.044%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.23	+0.080%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.98	+0.048%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.58	−0.003%	$138.6M	$73.9M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	787.60	long leg	$53.5M	$111.6M	50x
Arcus BNB-USD	+0.0100%	1h	787.90	+0.038%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.60	0.000%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.25	−0.044%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.42	−0.023%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.46	−0.018%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.50	−0.012%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	788.21	+0.078%	$4.1M	$73.8M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	788.40	+0.102%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.12	−0.061%	$132K	$953K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.25	−0.045%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.66	+0.008%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.30	−0.038%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.21	−0.049%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.10	+0.063%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.33	−0.034%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.16	−0.056%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0164%	8h	788.37	+0.098%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0174%	8h	788.49	+0.113%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	+0.087%	$638K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.42	−0.023%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.63	+0.003%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.75	−0.107%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	788.11	+0.064%	$68K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.09	+0.062%	$1.1M	$893K	20x	as long as short