Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: StandX against Bitget+0.081%7-day average +0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$340.345% of the position

Long on Bitget Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 7 days+0.035%+$4 · spread now +0.081%, 7d avg +0.133%

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and StandX is 0.052% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.133%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	788.80	0.0100	pay 0.0100% / 8h	6h 07m	$77.7M	$29.9M	75x
Short	StandX BNB-USD	789.44	0	get 0.0000% / 1h	7m 47s	$853K	$3.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Bitget. 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 BitgetbpFee StandXbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$21
Price spread: +0.081% → +0.133%: −$5.17
Slippage, 4 orders: −$14.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$60.63
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; StandX: live order book, 1 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 Bitget live order book, 1 min ago	0.06 bp	6.7 bp −$7	10.4 bp −$104	21.7 bp −$2,169	doesn't fit
Sell StandX live order book, 1 min ago	4.37 bp	9.7 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	788.55	−0.032%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	788.70	−0.013%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.33	−0.060%	$4K	$239	25x	as long as short
StandX BNB-USDshort	0.0000%	1h	789.44	+0.081%	$853K	$3.2M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.62	−0.023%	$9.6M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	789.17	+0.047%	$6.2M	$20.1M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.065%	$19K	$789K	30x	as long as short
Gate BNB_USDT	+0.0048%	8h	788.85	+0.006%	$35.1M	$57.7M	75x	as long as short
BingX BNB-USDT	+0.0049%	8h	789.14	+0.043%	—	$34.6M	—	as long as short
Variational Omni BNB	+0.0050%	8h	788.61	−0.024%	$4.1M	$4.9M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	788.82	+0.003%	$619K	$1.8M	50x	as long as short
MEXC BNB_USDT	+0.0064%	8h	789.80	+0.127%	$80.3M	$13.2M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	789.61	+0.103%	$494.5M	$823.6M	75x	as long as short
Phemex BNBUSDT	+0.0066%	8h	788.85	+0.006%	$69.0M	$50.5M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0080%	8h	789.44	+0.081%	$2.9M	$28.5M	10x	as long as short
Phoenix BNB	+0.0088%	1h	788.56	−0.030%	$169K	$36K	10x	as long as short
dYdX BNB-USD	+0.0091%	1h	788.17	−0.080%	$159K	$63K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.84	+0.005%	$2.8M	$4.1M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.68	−0.015%	$381K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.75	−0.133%	$1.5M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.59	+0.100%	$51.7M	$18.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.12	−0.086%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.90	+0.013%	$138.9M	$79.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.90	+0.013%	$53.5M	$113.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.30	−0.063%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.70	−0.013%	$27.8M	$10.5M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	788.80	long leg	$77.7M	$29.9M	75x
edgeX BNBUSDC	+0.0100%	4h	789.23	+0.055%	$4.1M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.87	+0.009%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.18	−0.079%	$137K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.86	+0.008%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.38	−0.053%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.70	−0.013%	$388K	$999K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.22	−0.074%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.68	−0.015%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.67	−0.017%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.84	+0.005%	$379K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	788.40	−0.050%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0165%	8h	788.60	−0.025%	$92K	$2.9M	4.8x	as long as short
Bulk BNB-USD	+0.0244%	1h	794.01	+0.661%	$643K	$13K	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	788.73	−0.009%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.15	−0.083%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0387%	1h	789.68	+0.112%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	789.25	+0.057%	$1.5M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	788.80	−0.001%	$68K	$39K	12x	as long as short