data as of
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Price arb /

BNB

all BNB markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.068%7d average−0.089%fees + slippage, in and out−$35spread needed0.349%
Long on ParadexShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex BNB-USD-PERP805.650.0100pay 0.0100% / 8h48m 00s$82K$637K50x
ShortBybit BNBUSDT805.100.0051get 0.0051% / 8h48m 00s$140.3M$85.7M75x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$6.85
Funding while held
−$1.49
Slippage, 4 orders
−$19.87
Fee Paradex: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$43.21
Spread needed to break even
0.349%
Slippage from Paradex: live order book, 3 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0050%
Per $10,000 a day
−$1.49
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex live order book, 3 min ago8.63 bp10.6 bp −$11122.2 bp −$1,222doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.62 bp7.5 bp −$710.3 bp −$10327.9 bp −$2,791138.3 bp −$69.1K

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Injective798.65cheapestVariational Omni800.35+0.213%Bulk801.10+0.307%ApeX Omni801.85+0.401%edgeX802.15+0.439%Phoenix803.22+0.572%Derive803.92+0.660%StandX804.65+0.751%Coinbase International804.69+0.756%Extended804.84+0.775%Bitget804.88+0.780%Reya804.93+0.787%dYdX804.95+0.788%OKX805.00+0.795%Polymarket Perps805.07+0.804%Kraken Futures805.09+0.806%
Bybit805.10+0.808%
gTrade (Gains Network)805.14+0.813%GMX805.16+0.815%KuCoin805.24+0.825%SoDEX805.30+0.833%BingX805.31+0.834%Lighter805.34+0.838%HTX805.36+0.841%Arcus805.40+0.845%Gate805.40+0.845%Orderly805.41+0.846%Nado805.45+0.851%Pacifica805.45+0.852%RISEx805.47+0.854%Deribit805.59+0.869%Aevo805.63+0.875%
Paradex805.65+0.877%
Hotstuff805.66+0.878%Hibachi805.68+0.880%SunX805.83+0.899%Binance805.85+0.902%Phemex805.86+0.903%Kalshi805.90+0.908%01 Exchange805.95+0.914%Aster805.96+0.915%Hyperliquid806.02+0.923%Backpack806.17+0.942%BloFin806.51+0.984%MEXC806.80+1.020%

BNB on 45 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BNB/USDC PERP−0.869%+0.0306%1h$19K$620K30xas long as short
Variational Omni BNB−0.658%+0.0022%8h$4.2M$6.3M—as long as short
Bulk BNB-USD−0.565%+0.0441%1h$637K$94K10xas long as short
ApeX Omni BNBUSDT−0.472%+0.0100%1h$169K$423K50xas long as short
edgeX BNBUSDC−0.434%+0.0100%4h$4.2M$70.2M30xas long as short
Phoenix BNB−0.302%+0.0172%1h$171K$30K10xas long as short
Derive BNB-PERP−0.215%+0.0100%1h$32K$5K10xas long as short
StandX BNB-USD−0.124%0.0000%1h$870K$3.4M30xas long as short
Coinbase International BNB-PERP-INTX−0.119%+0.0072%1h$606K$873K50xas long as short
Extended BNB-USD−0.100%+0.0104%1h$1.9M$6.1M50xas long as short
Show all 45 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget BNBUSDT−0.096%+0.0100%8h$77.6M$22.6M75xas long as short
Reya BNBRUSDPERP−0.089%+0.0326%1h$9K—40xas long as short
dYdX BNB-USD−0.087%+0.0641%1h$174K$54K10xas long as short
OKX BNB-USDT-SWAP−0.081%+0.0100%8h$54.7M$108.1M50xas long as short
Polymarket Perps BNB-USD−0.072%+0.0100%1h$105K$853K10xas long as short
Kraken Futures PF_BNBUSD−0.070%+0.0586%1h$2.5M$803K50xas long as short
Bybit BNBUSDTshort−0.068%+0.0051%8h$140.3M$85.7M75x
gTrade (Gains Network) BNB/USD−0.063%L +0.0008% / S −0.0008%1h$9.8M—150xas long as short
GMX BNB/USD [WBTC.b-USDC]−0.061%L +0.0034% / S +0.0173%1h$54K—200xas long as short
KuCoin BNBUSDTM−0.051%+0.0100%8h$28.2M$10.3M75xas long as short
SoDEX BNB-USD−0.044%+0.0280%1h$397K$1.0M10xas long as short
BingX BNB-USDT−0.042%+0.0034%8h—$33.0M—as long as short
Lighter BNB−0.038%+0.0096%1h$2.7M$3.1M20xas long as short
HTX BNB-USDT−0.036%+0.0100%8h$8.2M$4.7M75xas long as short
Arcus BNB-USD−0.031%+0.0100%1h$52K$238K10xas long as short
Gate BNB_USDT−0.031%+0.0100%8h$36.5M$55.9M75xas long as short
Orderly PERP_BNB_USDC−0.030%+0.0100%8h$301K$644K50xas long as short
Nado BNB-PERP−0.025%+0.0100%1h$1.5M$2.9M20xas long as short
Pacifica BNB−0.025%+0.0100%1h$1.2M$896K20xas long as short
RISEx BNB/USDC−0.023%+0.0202%1h$1.2M$1.5M20xas long as short
Deribit BNB_USDC-PERPETUAL−0.008%+0.0300%1h$1.6M$155K25xas long as short
Aevo BNB-PERP−0.002%+0.0104%1h$387K$37K10xas long as short
Paradex BNB-USD-PERPlong0.000%+0.0100%8h$82K$637K50x
Hotstuff BNB-PERP+0.001%−0.0080%1h$4K$1K25xas long as short
Hibachi BNB/USDT-P+0.003%+0.0472%1h$72K$44K12xas long as short
SunX BNB-USDT+0.022%+0.0100%8h$13K$1.7M50xas long as short
Binance BNBUSDT+0.025%+0.0109%8h$522.2M$760.1M75xas long as short
Phemex BNBUSDT+0.026%+0.0096%8h$71.0M$52.3M50xas long as short
Kalshi KXBNBPERP+0.031%0.0000%8h$166K$2.5M4.8xas long as short
01 Exchange BNBUSD+0.037%+0.0352%1h$29K$1K10xas long as short
Aster BNBUSDT+0.038%+0.0123%8h$6.2M$19.1M200xas long as short
Hyperliquid BNB+0.046%+0.0437%1h$51.0M$20.2M10xas long as short
Backpack BNB_USDC_PERP+0.064%+0.0560%1h$2.7M$2.4M40xas long as short
BloFin BNB-USDT+0.107%+0.0229%8h$19.4M$2.9M75xas long as short
MEXC BNB_USDT+0.143%+0.0108%8h$84.7M$15.5M200xas long as short