Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.079%

Price spread now: SunX against Hibachi−0.001%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hibachi Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.431%−$43 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	Hibachi BNB/USDT-P	798.93	0.0176	pay 0.0022% / 1h	26m 14s	$70K	$43K	12x
Short	SunX BNB-USDT	798.92	0.0100	get 0.0100% / 8h	26m 14s	$13K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Hibachi. 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 HibachibpFee SunXbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$15.96
Price spread: −0.001% → 0.000%: −$0.13
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$33.09
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; SunX: live order book, 9 min ago. Net counts fees only.

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 Hibachi no order-book sample	—	—	—	—	—
Sell SunX live order book, 9 min ago	15.06 bp	23.5 bp −$24	35.8 bp −$358	doesn't fit	doesn't fit

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	798.27	−0.083%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.81	−0.015%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	797.76	−0.146%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.28	+0.170%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.62	+0.087%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.36	−0.071%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0013%	8h	798.06	−0.109%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0040%	8h	798.47	−0.057%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0045%	8h	797.80	−0.141%	$138.4M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.121%	$606K	$986K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0091%	8h	798.83	−0.012%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.67	−0.032%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.04	−0.111%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.78	−0.019%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.70	−0.154%	$54.3M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.80	−0.016%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.10	−0.104%	$35.7M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.18	−0.094%	$27.9M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.56	−0.171%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.89	+0.121%	$4.2M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.17	+0.156%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.27	−0.082%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.91	−0.127%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.01	−0.115%	$32K	$5K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	798.92	−0.001%	$13K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	798.10	−0.104%	$392K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.32	−0.076%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.52	−0.051%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.00	+0.009%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.50	−0.179%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.14	−0.098%	$383K	$40K	10x	as long as short
Binance BNBUSDT	+0.0112%	8h	798.82	−0.013%	$498.8M	$816.4M	75x	as long as short
Phemex BNBUSDT	+0.0112%	8h	798.48	−0.056%	$69.8M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0113%	8h	799.30	+0.047%	$83.0M	$13.5M	200x	as long as short
Kalshi KXBNBPERP	+0.0122%	8h	799.70	+0.097%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.12	+0.149%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-Plong	+0.0176%	1h	798.93	long leg	$70K	$43K	12x
Hyperliquid BNB	+0.0178%	1h	799.04	+0.014%	$51.7M	$21.1M	10x	as long as short
BloFin BNB-USDT	+0.0233%	8h	799.57	+0.080%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.138%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.57	−0.045%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	799.02	+0.012%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.771%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.89	−0.130%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0384%	1h	798.50	−0.053%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0403%	1h	799.97	+0.131%	$2.7M	$5.7M	40x	as long as short