Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0298%/8h= +32.6% APRpaid last 24h +0.018%

Price spread now: Deribit against Paradex−0.010%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Deribit

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	789.99	0.0102	pay 0.0102% / 8h	5h 53m	$77K	$17K	50x
Short	Deribit BNB_USDC-PERPETUAL	789.92	0.0400	get 0.0050% / 1h	53m 29s	$1.5M	$160K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now −0.010%Rate

Funding earned: $62.57
Price spread: −0.010% → 0.000%: −$0.97
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $50.6
Costs to cover: 0.110%
Break-even: 1.3 days

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 1 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit live order book, 1 min ago	3.17 bp	8.7 bp −$9	14.1 bp −$141	doesn't fit	doesn't fit

Paradex: 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 45 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 −0.0167% / S +0.0335%	1h	788.93	−0.134%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.63	−0.172%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.27	−0.091%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.12	−0.110%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.911%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	789.62	−0.047%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.66	−0.042%	$619K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.33	−0.084%	—	$34.5M	—	as long as short
Phemex BNBUSDT	+0.0066%	8h	789.75	−0.031%	$69.1M	$50.9M	50x	as long as short
Variational Omni BNB	+0.0066%	8h	789.32	−0.085%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0069%	8h	789.90	−0.012%	$80.5M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0070%	8h	789.93	−0.008%	$494.2M	$808.6M	75x	as long as short
Gate BNB_USDT	+0.0080%	8h	789.15	−0.107%	$35.4M	$56.3M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.07	−0.117%	$170K	$35K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.29	−0.089%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.21	−0.099%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.33	−0.084%	$381K	$380K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.90	−0.138%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.60	−0.050%	$51.8M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.34	−0.083%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.20	−0.100%	$138.7M	$77.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.100%	$53.4M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.50	−0.062%	$52K	$130K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.96	−0.131%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.96	−0.131%	$77.0M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.51	−0.061%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.90	−0.138%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.22	−0.224%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.60	−0.176%	$137K	$945K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.57	−0.054%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.77	−0.155%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.35	−0.081%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0102%	8h	789.99	long leg	$77K	$17K	50x
Extended BNB-USD	+0.0104%	1h	788.91	−0.137%	$1.8M	$5.9M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0104%	8h	788.27	−0.217%	$2.9M	$27.9M	10x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.43	−0.071%	$379K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0142%	1h	789.50	−0.062%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	788.90	−0.138%	$90K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0222%	1h	788.95	−0.133%	$160K	$64K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	789.99	0.000%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.60	−0.177%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0340%	1h	789.39	−0.076%	$639K	$13K	10x	as long as short
RISEx BNB/USDC	+0.0361%	1h	789.66	−0.042%	$1.1M	$1.1M	20x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0400%	1h	789.92	−0.010%	$1.5M	$160K	25x
Hibachi BNB/USDT-P	+0.0544%	1h	789.41	−0.074%	$67K	$39K	12x	as long as short