Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Bitget against SoDEX−0.074%7-day average −0.061% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on SoDEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.074%, 7d avg −0.061%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	793.10	0.0100	pay 0.0013% / 1h	45m 43s	$390K	$995K	10x
Short	Bitget BNBUSDT	792.51	0.0100	get 0.0100% / 8h	6h 45m	$77.4M	$28.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → −0.061%: −$1.33
Slippage, 4 orders: −$4.79
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$26.12
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from SoDEX: live order book, 38 min ago; Bitget: live order book, 3 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, 38 min ago	0.63 bp	5.1 bp −$5	9.7 bp −$97	77.6 bp −$7,761	doesn't fit
Sell Bitget live order book, 3 min ago	0.06 bp	7.1 bp −$7	10.9 bp −$109	23.5 bp −$2,347	doesn't fit

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 −0.0161% / S +0.0334%	1h	792.73	−0.046%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.99	−0.014%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.07	−0.004%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0017%	8h	792.65	−0.057%	$35.4M	$55.4M	75x	as long as short
StandX BNB-USD	0.0000%	1h	793.57	+0.059%	$858K	$3.0M	30x	as long as short
GRVT BNB_USDT_Perp	+0.0002%	8h	793.91	+0.102%	$3.0M	$28.4M	10x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.91	−0.024%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	792.53	−0.072%	$4.1M	$5.0M	—	as long as short
Aster BNBUSDT	+0.0033%	8h	793.35	+0.032%	$6.1M	$19.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.512%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0033%	8h	793.54	+0.055%	$69.3M	$50.3M	50x	as long as short
BingX BNB-USDC	+0.0036%	8h	793.01	−0.011%	—	$13.4M	—	as long as short
dYdX BNB-USD	+0.0039%	1h	793.14	+0.005%	$160K	$63K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	792.52	−0.073%	$608K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.50	+0.050%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	793.21	+0.014%	$493.5M	$815.2M	75x	as long as short
Phoenix BNB	+0.0088%	1h	792.08	−0.129%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	792.92	−0.023%	$2.8M	$3.9M	20x	as long as short
Bybit BNBUSDT	+0.0098%	8h	792.90	−0.025%	$138.2M	$77.0M	75x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	792.95	−0.019%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.75	−0.044%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	793.06	−0.005%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	792.80	−0.038%	$53.2M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.00	−0.013%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	792.63	−0.059%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	792.51	−0.074%	$77.4M	$28.3M	75x
edgeX BNBUSDC	+0.0100%	4h	793.14	+0.005%	$4.1M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.99	+0.112%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	792.66	−0.055%	$112K	$887K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.19	+0.011%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.39	+0.036%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	793.10	long leg	$390K	$995K	10x
HTX BNB-USDT	+0.0100%	8h	792.75	−0.044%	$8.1M	$8.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.22	+0.015%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.49	−0.076%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.08	−0.003%	$381K	$110K	10x	as long as short
Hyperliquid BNB	+0.0124%	1h	793.42	+0.040%	$52.6M	$19.8M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	792.98	−0.016%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0160%	8h	793.40	+0.038%	$112K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0167%	1h	793.21	+0.014%	$644K	$10K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.121%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	793.21	+0.014%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	792.51	−0.074%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0371%	1h	793.78	+0.086%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	793.57	+0.060%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0472%	1h	793.05	−0.006%	$68K	$38K	12x	as long as short