Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against OKX+0.019%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

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

costs, in and out, $10k−$320.317% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days+0.007%+$1 · spread now +0.019%, 7d avg +0.007%

Together, before fees+0.028%+$3 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	800.50	0.0100	pay 0.0100% / 8h	37m 56s	$54.5M	$113.3M	50x
Short	KuCoin BNBUSDTM	800.65	0.0100	get 0.0100% / 8h	37m 56s	$28.0M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.007%: $1.18
Slippage, 4 orders: −$9.7
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.52
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 6 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, 1 min ago	0.62 bp	5.6 bp −$6	8.2 bp −$82	18.9 bp −$1,894	doesn't fit
Sell KuCoin live order book, 6 min ago	0.87 bp	10.1 bp −$10	16.8 bp −$168	44.8 bp −$4,484	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	800.71	+0.026%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.45	+0.119%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	800.79	+0.036%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.40	+0.237%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	801.98	+0.185%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.76	+0.033%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	801.45	+0.119%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0048%	8h	800.98	+0.060%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0055%	8h	800.50	0.000%	$138.9M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	+0.027%	$607K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	801.06	+0.069%	$2.8M	$4.1M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	801.32	+0.102%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.82	+0.040%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.03	+0.067%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	800.50	long leg	$54.5M	$113.3M	50x
Arcus BNB-USD	+0.0100%	1h	801.30	+0.100%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.70	+0.025%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	800.65	+0.019%	$28.0M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	800.39	−0.014%	$79.4M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.33	+0.229%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.26	+0.220%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.97	+0.059%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.68	+0.022%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.93	+0.054%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.51	+0.127%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.90	+0.050%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.90	+0.051%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.50	+0.125%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.31	−0.023%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.87	+0.046%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0112%	8h	801.43	+0.116%	$70.0M	$50.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	801.40	+0.112%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0120%	8h	801.29	+0.099%	$500.5M	$817.3M	75x	as long as short
MEXC BNB_USDT	+0.0120%	8h	801.40	+0.112%	$83.3M	$13.5M	200x	as long as short
Phoenix BNB	+0.0127%	1h	802.03	+0.191%	$172K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.12	+0.078%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0202%	1h	801.52	+0.127%	$51.9M	$21.0M	10x	as long as short
Hibachi BNB/USDT-P	+0.0216%	1h	800.91	+0.052%	$70K	$44K	12x	as long as short
BloFin BNB-USDT	+0.0241%	8h	801.36	+0.107%	$18.3M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	801.14	+0.081%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0305%	1h	801.82	+0.165%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.573%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	800.53	+0.004%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	801.69	+0.149%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0395%	1h	801.76	+0.157%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0417%	1h	800.76	+0.033%	$161K	$62K	10x	as long as short