Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h −0.017%

Price spread now: BingX against SoDEX+0.006%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on SoDEX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.006%, 7d avg 0.000%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	785.20	0.0100	pay 0.0013% / 1h	13m 45s	$386K	$964K	10x
Short	BingX BNB-USDT	785.25	0.0038	get 0.0038% / 8h	13m 45s	—	$22.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SoDEX. 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 SoDEXbpFee BingXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$13.02
Price spread: +0.006% → 0.000%: $0.64
Slippage, 4 orders: −$2.41
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$32.8
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from SoDEX: live order book, 35 min ago; BingX: live order book, 5 min ago.

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 SoDEX live order book, 35 min ago	0.63 bp	4.6 bp −$5	8.4 bp −$84	75.2 bp −$7,525	doesn't fit
Sell BingX live order book, 5 min ago	0.13 bp	6.0 bp −$6	6.4 bp −$64	12.2 bp −$1,217	26.4 bp −$13.2K

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	784.52	−0.087%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.94	−0.033%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	785.01	−0.024%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	785.30	+0.013%	$170K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	785.34	+0.018%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.95	−0.032%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	785.75	+0.070%	$6.0M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.533%	$19K	$789K	30x	as long as short
BingX BNB-USDTshort	+0.0038%	8h	785.25	+0.006%	—	$22.2M	—
MEXC BNB_USDT	+0.0048%	8h	786.40	+0.153%	$80.9M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0048%	8h	785.69	+0.062%	$488.4M	$814.7M	75x	as long as short
Phemex BNBUSDT	+0.0075%	8h	785.68	+0.061%	$68.6M	$51.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.31	+0.014%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.13	−0.009%	$159K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.75	−0.057%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.65	+0.057%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.13	−0.009%	$1.2M	$938K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.00	−0.025%	$138.1M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.10	−0.013%	$53.4M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.00	−0.025%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.15	−0.006%	$38.3M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.95	−0.032%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.91	−0.037%	$75.3M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.52	+0.041%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.43	−0.098%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.96	−0.030%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.42	+0.028%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.73	−0.060%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.16	−0.005%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.17	−0.004%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.37	+0.022%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	785.20	long leg	$386K	$964K	10x
HTX BNB-USDT	+0.0100%	8h	785.18	−0.003%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.47	+0.034%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.91	−0.037%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.21	+0.001%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	785.03	−0.022%	$545K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0117%	1h	784.99	−0.027%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0168%	8h	785.06	−0.018%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.54	+0.043%	$1.5M	$141K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	785.43	+0.029%	$2.9M	$28.3M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	−0.034%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.41	+0.027%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.22	−0.125%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.14	−0.007%	$1.1M	$904K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	784.80	−0.050%	$67K	$39K	12x	as long as short