Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Extended+0.115%7-day average +0.129% · 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−$54as in the Price arb table

costs, in and out, $10k−$520.524% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.115%, 7d avg +0.129%

Together, before fees−0.034%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BNB-USD	784.46	0.0104	pay 0.0013% / 1h	0m 42s	$1.8M	$5.8M	50x
Short	SunX BNB-USDT	785.36	0.0100	get 0.0100% / 8h	0m 42s	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$0.84
Price spread: +0.115% → +0.129%: −$1.48
Slippage, 4 orders: −$39.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$54.76
Costs to cover: 0.524%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; SunX: live order book, 4 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 Extended live order book, 3 min ago	0.06 bp	2.9 bp −$3	4.2 bp −$42	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	15.06 bp	23.6 bp −$24	30.8 bp −$308	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 −0.0168% / S +0.0337%	1h	784.88	+0.054%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.82	+0.046%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.79	+0.042%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	785.25	+0.100%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.84	+0.048%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0030%	8h	785.31	+0.109%	$5.9M	$18.6M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.630%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0038%	8h	784.87	+0.052%	—	$22.1M	—	as long as short
MEXC BNB_USDT	+0.0046%	8h	786.10	+0.209%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0046%	8h	785.29	+0.106%	$488.5M	$813.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0082%	8h	785.59	+0.144%	$68.5M	$51.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.92	+0.058%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	784.80	+0.043%	$158K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.40	−0.008%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.33	+0.111%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.02	+0.071%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.70	+0.030%	$138.1M	$73.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.60	+0.018%	$53.4M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.70	+0.030%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.75	+0.037%	$38.6M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.55	+0.011%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.33	−0.017%	$75.3M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.34	+0.112%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.64	+0.023%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.86	+0.051%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.47	+0.001%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.71	+0.032%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.88	+0.053%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.53	+0.009%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	785.36	+0.115%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	785.00	+0.069%	$386K	$956K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.96	+0.063%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.28	+0.104%	$78K	$17K	50x	as long as short
Kalshi KXBNBPERP	+0.0104%	8h	785.20	+0.094%	$170K	$2.6M	4.8x	as long as short
Extended BNB-USDlong	+0.0104%	1h	784.46	long leg	$1.8M	$5.8M	50x
Aevo BNB-PERP	+0.0104%	1h	784.89	+0.055%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.97	+0.065%	$548K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0127%	1h	784.99	+0.067%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0166%	8h	785.59	+0.144%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0215%	8h	785.06	+0.076%	$2.9M	$27.5M	10x	as long as short
Bulk BNB-USD	+0.0237%	1h	785.14	+0.086%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.16	+0.089%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.31	+0.109%	$1.5M	$141K	25x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.58	+0.015%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	784.87	+0.052%	$1.1M	$921K	20x	as long as short
Hibachi BNB/USDT-P	+0.0440%	1h	784.71	+0.031%	$67K	$39K	12x	as long as short