Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0328%/8h= −36.0% APRnext payment $0.41 per $10,000 · paid last 24h −0.028%
Price spread now: Extended against RISEx−0.080%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$150.147% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.133%−$13 on $10k
Price spread, last 7 days+0.040%+$4 · spread now −0.080%, 7d avg −0.057%
Together, before fees−0.094%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Extended is 0.023% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.057%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BNB/USDC788.250.0432pay 0.0054% / 1h1m 53s$1.1M$910K20x
ShortExtended BNB-USD787.620.0104get 0.0013% / 1h1m 53s$1.8M$6.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against RISEx. 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

Funding earned
−$68.96
Price spread: −0.080% → −0.057%
−$2.31
Slippage, 4 orders
−$3.69
Fee RISEx: 3 bp × 2 orders
−$6
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$85.96
Costs to cover
0.147%
Break-even
never at this rate
Slippage from RISEx: live order book, 2 min ago; Extended: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 2 min ago0.82 bp3.8 bp −$48.1 bp −$81doesn't fitdoesn't fit
Sell Extended live order book, 2 min ago0.06 bp4.0 bp −$46.2 bp −$62doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0192% / S +0.0356%1h787.82−0.054%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.88+0.081%$4K$4225xas long as short
StandX BNB-USD0.0000%1h789.04+0.101%$851K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.87−0.048%$9.5M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.137%$19K$789K30xas long as short
Aster BNBUSDT+0.0045%8h788.59+0.044%$6.1M$19.0M200xas long as short
BingX BNB-USDT+0.0053%8h788.09−0.020%$22.2Mas long as short
Phemex BNBUSDT+0.0065%8h788.54+0.037%$69.0M$50.9M50xas long as short
Binance BNBUSDT+0.0067%8h788.59+0.044%$490.9M$816.5M75xas long as short
MEXC BNB_USDT+0.0067%8h788.90+0.083%$81.0M$12.1M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BNBUSD+0.0069%1h787.82−0.053%$2.5M$1.2M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h788.38+0.017%$569K$1.9M50xas long as short
Lighter BNB+0.0096%1h788.14−0.013%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.88−0.046%$265K$471K50xas long as short
Nado BNB-PERP+0.0100%1h787.85−0.050%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h788.66+0.053%$51.6M$17.6M10xas long as short
Pacifica BNB+0.0100%1h788.20−0.006%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.95−0.037%$138.6M$75.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.90−0.044%$53.6M$113.2M50xas long as short
Arcus BNB-USD+0.0100%1h788.20−0.006%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h788.00−0.031%$36.9M$59.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.68−0.072%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h787.64−0.077%$76.2M$31.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.30+0.007%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h788.41+0.021%$4.0M$4.8Mas long as short
edgeX BNBUSDC+0.0100%4h789.04+0.101%$4.1M$76.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.84+0.075%$159K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.86−0.049%$132K$951K10xas long as short
Derive BNB-PERP+0.0100%1h788.08−0.020%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.48+0.030%$12K$1.5M50xas long as short
HTX BNB-USDT+0.0100%8h788.14−0.013%$8.0M$10.1M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h788.21−0.005%$77K$17K50xas long as short
Extended BNB-USDshort+0.0104%1h787.62−0.080%$1.8M$6.2M50x
Aevo BNB-PERP+0.0104%1h787.98−0.033%$379K$110K10xas long as short
Phoenix BNB+0.0107%1h788.92+0.086%$170K$35K10xas long as short
SoDEX BNB-USD+0.0110%1h788.00−0.031%$387K$988K10xas long as short
dYdX BNB-USD+0.0129%1h787.75−0.062%$160K$62K10xas long as short
Kalshi KXBNBPERP+0.0145%8h788.40+0.020%$164K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0187%8h788.60+0.045%$17.7M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0224%8h788.87+0.079%$2.9M$29.5M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.35+0.013%$1.5M$143K25xas long as short
01 Exchange BNBUSD+0.0312%1h788.60+0.045%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0323%1h787.78−0.059%$6K$3K40xas long as short
Bulk BNB-USD+0.0339%1h788.57+0.041%$639K$4K10xas long as short
RISEx BNB/USDClong+0.0432%1h788.25long leg$1.1M$910K20x
Hibachi BNB/USDT-P+0.0560%1h788.28+0.005%$67K$39K12xas long as short