Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: SunX against Arcus+0.035%7-day average −0.025% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$640.635% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.065%−$6 on $10k

Price spread, last 3 days (all we have)−0.274%−$27 · spread now +0.035%, 7d avg −0.025%

Together, before fees−0.339%−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.060% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	804.30	0.0100	pay 0.0013% / 1h	34m 01s	$52K	$162K	10x
Short	SunX BNB-USDT	804.58	0.0100	get 0.0100% / 8h	2h 34m	$13K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.025%: $5.96
Slippage, 4 orders: −$51.04
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$57.58
Costs to cover: 0.635%
Break-even: never at this rate

Slippage from Arcus: live order book, 54 min ago; SunX: live order book, 11 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 Arcus live order book, 54 min ago	5.59 bp	8.8 bp −$9	26.5 bp −$265	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	15.06 bp	23.4 bp −$23	30.5 bp −$305	doesn't fit	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 −0.0195% / S +0.0371%	1h	803.89	−0.051%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.57	+0.034%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.19	−0.014%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.50	+0.025%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.92	−0.047%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.01	−0.036%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.97	−0.041%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0051%	8h	802.62	−0.209%	$4.0M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0057%	8h	803.77	−0.066%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0077%	8h	803.50	−0.099%	$139.4M	$82.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0087%	8h	804.56	+0.032%	$6.4M	$18.8M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	804.19	−0.014%	$609K	$878K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.20	−0.012%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.14	−0.020%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.47	+0.021%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.90	−0.050%	$55.1M	$115.5M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	804.30	long leg	$52K	$162K	10x
Gate BNB_USDT	+0.0100%	8h	803.85	−0.056%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.84	−0.057%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.56	−0.092%	$79.1M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.02	−0.159%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.17	−0.016%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.93	−0.046%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.99	−0.039%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.10	−0.025%	$32K	$5K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	804.58	+0.035%	$13K	$1.7M	50x
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	804.44	+0.017%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.72	−0.072%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.00	+0.087%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	803.61	−0.085%	$1.9M	$6.1M	50x	as long as short
MEXC BNB_USDT	+0.0104%	8h	804.90	+0.075%	$84.4M	$13.6M	200x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.17	−0.016%	$386K	$40K	10x	as long as short
Binance BNBUSDT	+0.0105%	8h	804.52	+0.028%	$518.9M	$803.1M	75x	as long as short
Phemex BNBUSDT	+0.0123%	8h	804.60	+0.037%	$70.2M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.30	−0.124%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0148%	1h	804.00	−0.037%	$395K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0154%	1h	804.61	+0.039%	$51.7M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0194%	1h	803.61	−0.086%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.54	+0.030%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0225%	8h	804.34	+0.005%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.30	−0.124%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0269%	1h	804.28	−0.003%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	805.08	+0.097%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.72	−0.072%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.077%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0668%	1h	804.90	+0.075%	$3.0M	$5.4M	40x	as long as short