Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.051%

Price spread now: SunX against Hyperliquid−0.004%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

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

costs, in and out, $10k−$570.569% of the position

Long on Hyperliquid 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)−0.092%−$9 · spread now −0.004%, 7d avg +0.029%

Together, before fees−0.111%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.033% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BNB	788.93	0.0100	pay 0.0013% / 1h	33m 19s	$51.8M	$17.5M	10x
Short	SunX BNB-USDT	788.90	0.0100	get 0.0100% / 8h	3h 33m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Hyperliquid. 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 HyperliquidbpFee SunXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.029%: −$3.3
Slippage, 4 orders: −$39.87
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$60.16
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; SunX: live order book, 12 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 Hyperliquid live order book, 10 min ago	0.06 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	14.95 bp	23.8 bp −$24	30.9 bp −$309	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 −0.0192% / S +0.0356%	1h	788.20	−0.092%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	788.15	−0.099%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.31	−0.079%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	789.00	+0.009%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.81	−0.015%	$851K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.24	−0.087%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0030%	8h	788.81	−0.016%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.048%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0042%	8h	788.40	−0.067%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0050%	8h	788.78	−0.019%	$492.1M	$799.1M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0050%	8h	789.20	+0.034%	$80.0M	$12.0M	200x	as long as short
Phemex BNBUSDT	+0.0051%	8h	788.53	−0.051%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.169%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.77	−0.020%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.39	−0.068%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.34	−0.075%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.85	−0.137%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNBlong	+0.0100%	1h	788.93	long leg	$51.8M	$17.5M	10x
Pacifica BNB	+0.0100%	1h	788.42	−0.065%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.17	−0.096%	$138.7M	$73.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.10	−0.105%	$53.5M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.40	−0.067%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.20	−0.093%	$35.8M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.04	−0.113%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.96	−0.123%	$76.3M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.33	−0.076%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.154%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.41	−0.066%	$4.1M	$73.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.75	−0.023%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.15	−0.099%	$130K	$953K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.39	−0.068%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	788.90	−0.004%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	788.40	−0.067%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.30	−0.080%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.66	−0.035%	$77K	$17K	50x	as long as short
dYdX BNB-USD	+0.0100%	1h	788.56	−0.047%	$160K	$64K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	787.93	−0.127%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.32	−0.078%	$379K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0170%	8h	788.91	−0.003%	$18.1M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0173%	8h	788.76	−0.021%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0219%	1h	788.52	−0.052%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.91	−0.003%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.74	−0.024%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	788.09	−0.106%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	788.27	−0.084%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.66	−0.034%	$1.1M	$892K	20x	as long as short