Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0120%/8h= −13.2% APRpaid last 24h −0.015%

Price spread now: Bybit against SoDEX−0.063%7-day average −0.050% · 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−$24as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.056%−$6 on $10k

Price spread, last 3 days (all we have)+0.055%+$6 · spread now −0.063%, 7d avg −0.050%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$4 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	799.50	0.0100	pay 0.0013% / 1h	28m 16s	$393K	$1.0M	10x
Short	Bybit BNBUSDT	799.00	−0.0021	pay 0.0021% / 8h	7h 28m	$138.8M	$75.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$25.3
Price spread: −0.063% → −0.050%: −$1.24
Slippage, 4 orders: −$3.57
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.11
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from SoDEX: live order book, just now; Bybit: live order book, 1 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, just now	0.63 bp	4.7 bp −$5	8.7 bp −$87	79.1 bp −$7,913	doesn't fit
Sell Bybit live order book, 1 min ago	0.63 bp	6.3 bp −$6	9.1 bp −$91	24.0 bp −$2,401	128.3 bp −$64.2K

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 −0.0159% / S +0.0335%	1h	799.19	−0.039%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0120%	1h	799.34	−0.020%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.19	+0.086%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0028%	8h	799.07	−0.054%	—	$35.0M	—	as long as short
Bybit BNBUSDTshort	−0.0021%	8h	799.00	−0.063%	$138.8M	$75.6M	75x
GRVT BNB_USDT_Perp	0.0000%	8h	799.48	−0.003%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.24	−0.033%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0003%	8h	798.43	−0.134%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.15	−0.044%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0019%	8h	799.07	−0.054%	$69.8M	$50.3M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0025%	8h	798.75	−0.094%	$35.8M	$56.4M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.699%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.73	−0.096%	$602K	$972K	50x	as long as short
Aster BNBUSDT	+0.0060%	8h	799.80	+0.038%	$6.2M	$19.2M	200x	as long as short
MEXC BNB_USDT	+0.0082%	8h	799.60	+0.013%	$83.1M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0082%	8h	799.68	+0.023%	$496.2M	$809.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.20	+0.088%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.91	−0.074%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.15	−0.044%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.13	+0.079%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.20	−0.038%	$54.3M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.60	+0.013%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.60	−0.113%	$27.8M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.96	−0.068%	$78.9M	$27.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.33	−0.021%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.10	−0.050%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.07	−0.054%	$117K	$878K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.29	−0.026%	$386K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.50	0.000%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.90	+0.050%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	799.50	long leg	$393K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	798.75	−0.094%	$8.2M	$8.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.63	+0.141%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.98	−0.065%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.41	−0.012%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	−0.028%	$649K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	799.00	−0.063%	$91K	$2.8M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.31	−0.024%	$1.1M	$1.4M	20x	as long as short
Hibachi BNB/USDT-P	+0.0192%	1h	798.65	−0.107%	$69K	$38K	12x	as long as short
BloFin BNB-USDT	+0.0203%	8h	799.12	−0.048%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	798.29	−0.151%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0231%	1h	799.67	+0.022%	$161K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.84	+0.043%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0307%	1h	799.82	+0.040%	$53.2M	$20.7M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.65	−0.107%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0391%	1h	799.31	−0.024%	$2.7M	$5.6M	40x	as long as short