Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.065%

Price spread now: Paradex against 01 Exchange−0.005%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BNBUSD	800.83	0.0320	pay 0.0040% / 1h	3m 30s	$28K	$1K	10x
Short	Paradex BNB-USD-PERP	800.79	0.0100	get 0.0100% / 8h	1h 03m	$78K	$19K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$46.2
Price spread: −0.005% → 0.000%: −$0.46
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$57.66
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

01 Exchange and Paradex: 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 −0.0201% / S +0.0372%	1h	799.85	−0.122%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.40	−0.054%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.22	−0.076%	$3.0M	$28.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.91	+0.010%	$866K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.94	−0.111%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0028%	8h	798.74	−0.261%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0052%	8h	799.97	−0.107%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	799.52	−0.164%	$139.0M	$78.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.46	−0.046%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	799.17	−0.207%	$605K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0097%	8h	800.61	−0.027%	$6.3M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.63	−0.150%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.41	−0.052%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.60	−0.154%	$54.7M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.60	−0.029%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.90	−0.116%	$35.7M	$59.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.08	−0.094%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.86	−0.121%	$80.7M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.20	−0.079%	$4.2M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.21	−0.077%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.80	−0.129%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.90	−0.116%	$387K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.14	−0.086%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.52	−0.038%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.10	−0.091%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.27	−0.070%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0100%	8h	800.79	−0.005%	$78K	$19K	50x
Extended BNB-USD	+0.0104%	1h	799.85	−0.122%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.08	−0.094%	$384K	$40K	10x	as long as short
Kalshi KXBNBPERP	+0.0107%	8h	800.50	−0.041%	$110K	$2.9M	4.8x	as long as short
Phemex BNBUSDT	+0.0116%	8h	800.50	−0.041%	$70.0M	$51.1M	50x	as long as short
MEXC BNB_USDT	+0.0117%	8h	801.10	+0.034%	$83.2M	$13.9M	200x	as long as short
Binance BNBUSDT	+0.0118%	8h	800.65	−0.022%	$500.8M	$818.1M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.03	−0.100%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.39	−0.056%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.91	−0.115%	$2.6M	$965K	50x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	799.87	−0.120%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0237%	8h	800.44	−0.049%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	−0.078%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.532%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0316%	1h	800.57	−0.032%	$51.8M	$21.6M	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	800.38	−0.056%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSDlong	+0.0320%	1h	800.83	long leg	$28K	$1K	10x
Reya BNBRUSDPERP	+0.0332%	1h	799.45	−0.172%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0361%	1h	799.99	−0.105%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0561%	1h	800.88	+0.006%	$2.7M	$5.7M	40x	as long as short