Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Paradex+0.097%52s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.097% dearer against Paradex than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	786.58	0.0100	pay 0.0100% / 8h	7h 41m	$78K	$17K	50x
Short	edgeX BNBUSDC	787.34	0.0100	get 0.0050% / 4h	3h 41m	$4.1M	$76.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$0.01
Price spread: +0.097% → 0.000%: $9.69
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$3.32
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 2 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 edgeX live order book, 2 min ago	1.91 bp	6.4 bp −$6	6.4 bp −$64	9.9 bp −$993	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 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 −0.0168% / S +0.0337%	1h	786.16	−0.053%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.29	+0.090%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	786.04	−0.068%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.44	+0.109%	$3.0M	$27.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	787.05	+0.060%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.22	−0.046%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0025%	8h	786.34	−0.030%	$6.0M	$18.5M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.353%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0035%	8h	785.86	−0.091%	—	$22.1M	—	as long as short
Binance BNBUSDT	+0.0041%	8h	786.21	−0.047%	$489.2M	$812.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0042%	8h	787.60	+0.130%	$82.5M	$12.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	786.13	−0.057%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.85	−0.093%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.28	−0.038%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.26	−0.041%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.60	−0.124%	$138.4M	$73.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.60	−0.124%	$53.4M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.30	−0.035%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.80	−0.099%	$39.2M	$55.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.52	−0.135%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.50	−0.137%	$75.4M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.39	−0.024%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.82	+0.031%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	787.34	+0.097%	$4.1M	$76.9M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	787.16	+0.074%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.45	−0.016%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.23	−0.044%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.51	−0.008%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.55	−0.003%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.30	−0.035%	$387K	$946K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.13	−0.056%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0100%	8h	786.58	long leg	$78K	$17K	50x
Extended BNB-USD	+0.0104%	1h	785.55	−0.131%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.13	−0.058%	$378K	$110K	10x	as long as short
dYdX BNB-USD	+0.0106%	1h	786.39	−0.024%	$157K	$64K	10x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	786.70	+0.015%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	786.59	+0.001%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	787.48	+0.115%	$158K	$38K	10x	as long as short
Phemex BNBUSDT	+0.0153%	8h	786.83	+0.032%	$68.6M	$51.2M	50x	as long as short
BloFin BNB-USDT	+0.0163%	8h	786.56	−0.002%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.64	+0.007%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0215%	1h	787.68	+0.140%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	786.77	+0.024%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	785.96	−0.079%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	786.38	−0.025%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	786.70	+0.016%	$67K	$39K	12x	as long as short