Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget+0.103%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$590.585% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.103%, 7d avg +0.116%

Together, before fees−0.193%−$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	791.52	0.0100	pay 0.0100% / 8h	5h 16m	$77.0M	$29.9M	75x
Short	SunX BNB-USDT	792.34	0.0100	get 0.0100% / 8h	5h 16m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.116%: −$1.3
Slippage, 4 orders: −$38.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$59.84
Costs to cover: 0.585%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 8 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, 2 min ago	0.06 bp	6.6 bp −$7	8.9 bp −$89	17.3 bp −$1,732	doesn't fit
Sell SunX live order book, 8 min ago	15.07 bp	23.6 bp −$24	30.4 bp −$304	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 −0.0167% / S +0.0335%	1h	791.79	+0.034%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	792.23	+0.090%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	792.12	+0.076%	$856K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	791.81	+0.036%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.714%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	792.03	+0.064%	$615K	$1.8M	50x	as long as short
Aster BNBUSDT	+0.0052%	8h	792.44	+0.116%	$6.2M	$18.7M	200x	as long as short
Phemex BNBUSDT	+0.0052%	8h	792.37	+0.107%	$69.4M	$50.6M	50x	as long as short
BingX BNB-USDC	+0.0061%	8h	791.77	+0.032%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0075%	8h	792.80	+0.162%	$80.5M	$12.5M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0075%	8h	792.42	+0.114%	$495.1M	$792.7M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	791.63	+0.014%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	792.06	+0.069%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.86	+0.043%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.70	+0.023%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	792.47	+0.120%	$52.0M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	792.11	+0.075%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	791.71	+0.024%	$139.3M	$77.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	791.70	+0.023%	$53.8M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	792.00	+0.061%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	791.75	+0.029%	$35.5M	$57.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.69	+0.021%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	791.52	long leg	$77.0M	$29.9M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	792.17	+0.082%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	791.30	−0.027%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.82	+0.038%	$4.1M	$75.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	792.28	+0.096%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.68	+0.020%	$134K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	792.07	+0.070%	$32K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	792.34	+0.103%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	792.00	+0.061%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.71	+0.023%	$8.1M	$9.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	792.51	+0.125%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	791.44	−0.010%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.77	+0.032%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	792.03	+0.064%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0145%	8h	792.09	+0.072%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0187%	8h	792.30	+0.099%	$83K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0196%	8h	792.46	+0.119%	$18.2M	$2.2M	75x	as long as short
dYdX BNB-USD	+0.0212%	1h	791.84	+0.041%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	792.28	+0.096%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	792.30	+0.098%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	791.49	−0.004%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	792.09	+0.072%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0403%	1h	790.49	−0.130%	$640K	$6K	10x	as long as short
Hibachi BNB/USDT-P	+0.0592%	1h	791.77	+0.032%	$68K	$38K	12x	as long as short