Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: StandX against GRVT−0.010%62s7-day average −0.004% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.304% of the position

Long on GRVT Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.010%, 7d avg −0.004%

Together, before fees−0.150%+ Points / potential airdropGRVT: Active · StandX: Active · farm board−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BNB_USDT_Perp	799.99	0	get 0.0000% / 8h	7h 40m	$3.0M	$27.6M	10x
Short	StandX BNB-USD	799.91	0	get 0.0000% / 1h	40m 16s	$864K	$2.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against GRVT. 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 GRVTbpFee StandXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → −0.004%: −$0.57
Slippage, 4 orders: −$13.41
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee StandX: 4 bp × 2 orders: −$8
Net: −$30.97
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; StandX: 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 GRVT live order book, 4 min ago	0.06 bp	5.4 bp −$5	7.2 bp −$72	20.5 bp −$2,053	doesn't fit
Sell StandX live order book, 4 min ago	4.44 bp	11.4 bp −$11	14.1 bp −$141	56.3 bp −$5,633	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 −0.0201% / S +0.0372%	1h	799.62	−0.046%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0120%	1h	799.51	−0.059%	$2.5M	$976K	50x	as long as short
BingX BNB-USDT	−0.0094%	8h	799.64	−0.043%	—	$35.2M	—	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.37	−0.077%	$4K	$239	25x	as long as short
Bybit BNBUSDT	−0.0061%	8h	799.33	−0.082%	$138.8M	$76.4M	75x	as long as short
GRVT BNB_USDT_Perplong	0.0000%	8h	799.99	long leg	$3.0M	$27.6M	10x
StandX BNB-USDshort	0.0000%	1h	799.91	−0.010%	$864K	$2.9M	30x
Phemex BNBUSDT	0.0000%	8h	799.73	−0.032%	$69.9M	$50.5M	50x	as long as short
Variational Omni BNB	+0.0005%	8h	798.83	−0.145%	$4.1M	$5.3M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.68	−0.039%	$9.7M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.638%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	−0.248%	$601K	$970K	50x	as long as short
Aster BNBUSDT	+0.0067%	8h	799.83	−0.020%	$6.2M	$19.2M	200x	as long as short
Gate BNB_USDT	+0.0084%	8h	799.40	−0.073%	$35.7M	$56.0M	75x	as long as short
MEXC BNB_USDT	+0.0088%	8h	800.50	+0.064%	$83.2M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0089%	8h	800.19	+0.026%	$496.8M	$810.8M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.46	−0.066%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.69	−0.162%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.87	−0.140%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.39	−0.075%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.30	−0.086%	$54.2M	$110.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.90	−0.011%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.47	−0.065%	$28.0M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.42	−0.071%	$78.9M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.75	−0.029%	$4.2M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.20	−0.098%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.50	−0.061%	$118K	$871K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.69	−0.037%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.83	−0.020%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.16	+0.022%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.80	−0.023%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.24	−0.094%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.44	+0.056%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.20	−0.098%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.64	−0.044%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0118%	1h	798.39	−0.199%	$648K	$11K	10x	as long as short
Hibachi BNB/USDT-P	+0.0136%	1h	799.97	−0.002%	$70K	$36K	12x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.80	−0.023%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0158%	8h	799.60	−0.048%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0209%	8h	799.68	−0.038%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	800.17	+0.023%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0283%	1h	799.47	−0.064%	$161K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	800.16	+0.022%	$1.6M	$160K	25x	as long as short
Hyperliquid BNB	+0.0319%	1h	800.30	+0.039%	$53.2M	$20.9M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	799.21	−0.097%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0401%	1h	799.82	−0.021%	$2.7M	$5.6M	40x	as long as short