Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: KuCoin against SoDEX−0.032%7-day average −0.031% · 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−$30as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.115%+$11 · spread now −0.032%, 7d avg −0.031%

Together, before fees+0.100%+$10 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	787.50	0.0100	pay 0.0013% / 1h	16m 46s	$387K	$928K	10x
Short	KuCoin BNBUSDTM	787.25	0.0100	get 0.0100% / 8h	6h 16m	$28.2M	$9.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.031%: −$0.07
Slippage, 4 orders: −$9.76
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.82
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from SoDEX: live order book, 35 min ago; KuCoin: 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	0.64 bp	4.6 bp −$5	8.3 bp −$83	81.2 bp −$8,123	doesn't fit
Sell KuCoin live order book, 5 min ago	0.38 bp	10.9 bp −$11	28.0 bp −$280	doesn't fit	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	786.58	−0.117%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.83	+0.042%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	788.00	+0.064%	$5.9M	$17.3M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.28	−0.028%	$2.9M	$26.6M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.70	+0.025%	$149K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.43	−0.009%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.27	−0.029%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0020%	8h	789.20	+0.216%	$83.4M	$12.2M	200x	as long as short
Binance BNBUSDT	+0.0021%	8h	788.02	+0.066%	$482.2M	$777.5M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.234%	$19K	$789K	30x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0035%	1h	787.30	−0.026%	$2.5M	$1.3M	50x	as long as short
Bybit BNBUSDT	+0.0069%	8h	787.16	−0.043%	$138.7M	$68.3M	75x	as long as short
BloFin BNB-USDT	+0.0082%	8h	787.96	+0.058%	$17.6M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0091%	8h	788.03	+0.067%	$68.5M	$51.2M	50x	as long as short
Phoenix BNB	+0.0094%	1h	787.28	−0.028%	$158K	$45K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.57	+0.009%	$2.7M	$3.4M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.10	−0.051%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.03	+0.067%	$51.8M	$17.0M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.65	+0.020%	$1.2M	$933K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.038%	$53.3M	$103.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	+0.013%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.40	−0.013%	$40.8M	$55.3M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	787.25	−0.032%	$28.2M	$9.7M	75x
Bitget BNBUSDT	+0.0100%	8h	787.18	−0.041%	$75.6M	$32.0M	75x	as long as short
BingX BNB-USDC	+0.0100%	8h	787.40	−0.013%	—	$13.4M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.43	−0.009%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.49	−0.128%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.15	−0.045%	$4.1M	$75.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.82	+0.041%	$159K	$445K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.46	−0.005%	$130K	$911K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.37	−0.017%	$264K	$299K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.98	+0.061%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	787.50	long leg	$387K	$928K	10x
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	787.69	+0.025%	$1.5M	$158K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.48	−0.003%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.98	+0.061%	$78K	$337K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.97	−0.067%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.26	−0.030%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	786.42	−0.137%	$544K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.98	+0.061%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0263%	1h	787.91	+0.052%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.92	−0.074%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0345%	1h	787.70	+0.025%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0352%	1h	787.33	−0.021%	$67K	$37K	12x	as long as short
dYdX BNB-USD	+0.0371%	1h	787.28	−0.027%	$158K	$36K	10x	as long as short