Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.032%

Price spread now: StandX against BingX+0.054%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on BingX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 7 days+0.039%+$4 · spread now +0.054%, 7d avg +0.071%

Together, before fees−0.131%+ Points / potential airdropStandX: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDT	803.13	0.0068	pay 0.0068% / 8h	2h 43m	—	$34.5M	—
Short	StandX BNB-USD	803.56	0	get 0.0000% / 1h	43m 29s	$868K	$3.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against BingX. 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 BingXbpFee StandXbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$14.28
Price spread: +0.054% → +0.071%: −$1.77
Slippage, 4 orders: −$14.23
Fee BingX: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$48.28
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; StandX: live order book, just now.

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 BingX live order book, 10 min ago	0.12 bp	6.0 bp −$6	6.7 bp −$67	11.6 bp −$1,163	25.7 bp −$12.9K
Sell StandX live order book, just now	5.22 bp	11.1 bp −$11	13.5 bp −$135	55.0 bp −$5,503	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	802.78	−0.043%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.54	+0.051%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.09	−0.005%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.20	+0.009%	$122K	$2.5M	4.8x	as long as short
StandX BNB-USDshort	0.0000%	1h	803.56	+0.054%	$868K	$3.0M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.91	−0.027%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.76	−0.046%	$2.5M	$910K	50x	as long as short
Variational Omni BNB	+0.0059%	8h	802.25	−0.109%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDTlong	+0.0068%	8h	803.13	long leg	—	$34.5M	—
Aster BNBUSDT	+0.0086%	8h	803.63	+0.062%	$6.4M	$18.8M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BNBUSDT	+0.0086%	8h	802.70	−0.054%	$138.8M	$82.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.107%	$608K	$888K	50x	as long as short
Lighter BNB	+0.0096%	1h	803.19	+0.008%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.92	−0.026%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.25	+0.014%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.10	−0.004%	$55.1M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.40	+0.034%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.85	−0.035%	$36.0M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.76	−0.046%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.87	−0.032%	$79.0M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.30	+0.021%	$4.2M	$77.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.22	+0.011%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.11	−0.002%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.91	−0.027%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.02	−0.013%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.58	+0.056%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.34	+0.027%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.00	−0.016%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.87	+0.092%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.90	+0.096%	$84.5M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0103%	8h	803.85	+0.090%	$518.5M	$803.5M	75x	as long as short
SoDEX BNB-USD	+0.0104%	1h	802.90	−0.029%	$395K	$1.0M	10x	as long as short
Extended BNB-USD	+0.0104%	1h	802.83	−0.038%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.98	−0.019%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0119%	8h	803.41	+0.035%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	802.98	−0.019%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0155%	1h	803.60	+0.059%	$51.6M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.040%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.48	+0.043%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.39	+0.032%	$18.8M	$3.0M	75x	as long as short
dYdX BNB-USD	+0.0232%	1h	803.00	−0.016%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	802.80	−0.041%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	804.04	+0.113%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.85	−0.035%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.223%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0699%	1h	803.89	+0.095%	$3.0M	$5.3M	40x	as long as short