Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Paradex−0.058%47s7-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 KuCoin

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.058% cheaper against Paradex than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 47 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	787.89	0.0100	pay 0.0100% / 8h	3h 15m	$77K	$17K	50x
Short	KuCoin BNBUSDTM	787.43	0.0100	get 0.0100% / 8h	3h 15m	$27.6M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → 0.000%: −$5.82
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$21.82
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	0.44 bp	12.4 bp −$12	21.9 bp −$219	45.6 bp −$4,565	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 −0.0192% / S +0.0356%	1h	787.50	−0.050%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.55	−0.042%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.97	+0.010%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.00	+0.014%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.39	+0.064%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.50	−0.049%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	788.17	+0.036%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.183%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0034%	8h	787.72	−0.021%	—	$22.3M	—	as long as short
Binance BNBUSDT	+0.0042%	8h	788.06	+0.022%	$491.3M	$801.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0042%	8h	788.15	+0.033%	$68.9M	$50.7M	50x	as long as short
MEXC BNB_USDT	+0.0042%	8h	788.60	+0.090%	$80.0M	$12.0M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.19	−0.089%	$588K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0087%	1h	787.24	−0.082%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.84	−0.006%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.74	−0.018%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.62	−0.034%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.40	−0.062%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.11	+0.028%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.71	−0.022%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.50	−0.049%	$138.6M	$73.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	−0.049%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	−0.037%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	−0.056%	$36.0M	$58.0M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	787.43	−0.058%	$27.6M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	787.33	−0.071%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.08	+0.024%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.31	−0.073%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.05	+0.020%	$4.1M	$74.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.89	0.000%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.42	−0.059%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.66	−0.029%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.20	+0.040%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.80	−0.011%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.58	−0.039%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0100%	8h	787.89	long leg	$77K	$17K	50x
Extended BNB-USD	+0.0104%	1h	787.23	−0.084%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.65	−0.030%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0162%	8h	788.00	+0.014%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0175%	8h	788.39	+0.064%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	+0.050%	$638K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.10	+0.027%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.08	+0.024%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.30	−0.074%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	787.87	−0.003%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.85	−0.005%	$1.1M	$893K	20x	as long as short