Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.031%

Price spread now: StandX against Aster+0.090%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Aster Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.090%, 7d avg +0.002%

Together, before fees−0.209%+ Points / potential airdropAster: Stage 5 · StandX: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.088% dearer against Aster than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.002%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.131% in total) that is about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	785.37	0.0028	pay 0.0028% / 8h	2h 41m	$6.1M	$18.9M	200x
Short	StandX BNB-USD	786.08	0	get 0.0000% / 1h	41m 33s	$848K	$3.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Aster. 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 AsterbpFee StandXbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$5.88
Price spread: +0.090% → +0.002%: $8.81
Slippage, 4 orders: −$13.33
Fee Aster: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$26.41
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; StandX: live order book, 2 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 Aster live order book, 2 min ago	0.38 bp	4.5 bp −$4	5.3 bp −$53	18.0 bp −$1,798	doesn't fit
Sell StandX live order book, 2 min ago	4.19 bp	9.7 bp −$10	12.6 bp −$126	53.8 bp −$5,378	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 −0.0192% / S +0.0356%	1h	784.63	−0.094%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.77	+0.051%	$4K	$42	25x	as long as short
StandX BNB-USDshort	0.0000%	1h	786.08	+0.090%	$848K	$3.1M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.70	−0.086%	$9.5M	—	150x	as long as short
Aster BNBUSDTlong	+0.0028%	8h	785.37	long leg	$6.1M	$18.9M	200x
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.511%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0039%	8h	785.05	−0.041%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0051%	8h	785.60	+0.029%	$79.6M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0052%	8h	785.39	+0.003%	$489.2M	$805.1M	75x	as long as short
Phemex BNBUSDT	+0.0053%	8h	785.87	+0.064%	$68.8M	$50.6M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0058%	1h	785.04	−0.042%	$159K	$61K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0069%	1h	785.23	−0.018%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.46	+0.266%	$578K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.24	−0.017%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.52	+0.019%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.70	−0.085%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.34	−0.004%	$51.5M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.17	−0.025%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.80	−0.073%	$137.7M	$74.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.70	−0.085%	$53.3M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.10	−0.034%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.80	−0.073%	$36.1M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.58	−0.101%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.38	−0.126%	$75.9M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.82	+0.057%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.41	+0.133%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.49	+0.143%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.30	+0.118%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.65	−0.092%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.67	+0.038%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.73	+0.046%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.50	+0.017%	$386K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.28	−0.011%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.27	−0.013%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.50	−0.111%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.44	+0.009%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.15	+0.227%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0135%	8h	786.20	+0.106%	$122K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0172%	8h	786.34	+0.124%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.84	+0.059%	$1.5M	$143K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0202%	8h	787.62	+0.287%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	+0.110%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	785.40	+0.004%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.51	−0.109%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.23	−0.018%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	785.71	+0.043%	$67K	$39K	12x	as long as short