Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0176%/8hpaid last 24h −0.057%

Price spread now: MEXC against 01 Exchange+0.065%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. MEXC is 0.065% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BNBUSD	800.48	0.0280	pay 0.0035% / 1h	27m 53s	$28K	$1K	10x
Short	MEXC BNB_USDT	801.00	0.0104	get 0.0104% / 8h	4h 27m	$83.9M	$15.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against 01 Exchange. 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 01 ExchangebpFee MEXCbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$36.96
Price spread: +0.065% → 0.000%: $6.5
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$41.46
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	0.62 bp	2.6 bp −$3	4.6 bp −$46	20.1 bp −$2,005	35.6 bp −$17.8K

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0197% / S +0.0371%	1h	799.85	−0.078%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.51	−0.121%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.00	−0.060%	$3.0M	$30.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	800.10	−0.047%	$108K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	799.62	−0.107%	$865K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	799.85	−0.078%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	800.43	−0.006%	$19K	$407K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	800.37	−0.014%	$601K	$904K	50x	as long as short
Variational Omni BNB	+0.0073%	8h	799.45	−0.129%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDC	+0.0080%	8h	800.04	−0.055%	—	$13.2M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	799.97	−0.064%	$2.9M	$3.9M	20x	as long as short
Aster BNBUSDT	+0.0097%	8h	799.96	−0.065%	$6.3M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.90	−0.197%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.52	−0.120%	$1.2M	$916K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	799.46	−0.127%	$138.4M	$87.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.60	−0.110%	$55.0M	$116.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.80	−0.085%	$53K	$221K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.60	−0.110%	$35.9M	$59.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.49	−0.124%	$27.9M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.45	−0.129%	$78.4M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.01	−0.059%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.68	−0.100%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.69	−0.099%	$118K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.57	−0.114%	$386K	$627K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.76	−0.091%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.08	−0.050%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	−0.097%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.64	−0.105%	$8.2M	$6.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.07	−0.051%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.21	−0.159%	$1.9M	$6.3M	50x	as long as short
MEXC BNB_USDTshort	+0.0104%	8h	801.00	+0.065%	$83.9M	$15.1M	200x
Aevo BNB-PERP	+0.0104%	1h	799.75	−0.091%	$384K	$40K	10x	as long as short
Binance BNBUSDT	+0.0104%	8h	800.39	−0.011%	$516.3M	$801.0M	75x	as long as short
Phemex BNBUSDT	+0.0107%	8h	800.19	−0.036%	$70.0M	$51.7M	50x	as long as short
Bulk BNB-USD	+0.0120%	1h	799.94	−0.067%	$651K	$15K	10x	as long as short
Phoenix BNB	+0.0151%	1h	799.99	−0.061%	$170K	$28K	10x	as long as short
RISEx BNB/USDC	+0.0165%	1h	799.96	−0.065%	$1.1M	$1.4M	20x	as long as short
Kraken Futures PF_BNBUSD	+0.0185%	1h	799.68	−0.100%	$2.5M	$919K	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.10	−0.048%	$1.6M	$159K	25x	as long as short
BloFin BNB-USDT	+0.0225%	8h	800.12	−0.045%	$19.0M	$3.0M	75x	as long as short
Hyperliquid BNB	+0.0242%	1h	800.41	−0.009%	$51.3M	$21.4M	10x	as long as short
01 Exchange BNBUSDlong	+0.0280%	1h	800.48	long leg	$28K	$1K	10x
Reya BNBRUSDPERP	+0.0334%	1h	799.46	−0.128%	$9K	—	40x	as long as short
Hibachi BNB/USDT-P	+0.0336%	1h	799.70	−0.097%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0372%	1h	799.59	−0.111%	$173K	$51K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0702%	1h	800.63	+0.019%	$3.0M	$5.3M	40x	as long as short