Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.008%

Price spread now: SunX against SoDEX+0.041%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$1 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.041%, 7d avg +0.056%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	801.20	0.0120	pay 0.0015% / 1h	27m 07s	$394K	$1.0M	10x
Short	SunX BNB-USDT	801.52	0.0100	get 0.0100% / 8h	1h 27m	$12K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. 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 SoDEXbpFee SunXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$4.27
Price spread: +0.041% → +0.056%: −$1.56
Slippage, 4 orders: −$38.95
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$60.79
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from SoDEX: 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 SoDEX live order book, 2 min ago	0.62 bp	5.1 bp −$5	9.1 bp −$91	82.2 bp −$8,218	doesn't fit
Sell SunX live order book, 8 min ago	15.07 bp	23.5 bp −$23	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 −0.0201% / S +0.0372%	1h	800.99	−0.026%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.18	−0.002%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	801.71	+0.064%	$3.0M	$29.6M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	801.50	+0.037%	$158K	$2.9M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.32	+0.140%	$867K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.01	−0.024%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0040%	8h	800.85	−0.044%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0065%	8h	801.09	−0.014%	—	$35.0M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	800.70	−0.062%	$139.5M	$83.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	801.31	+0.013%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	−0.004%	$610K	$1.0M	50x	as long as short
Aster BNBUSDT	+0.0099%	8h	801.56	+0.044%	$6.4M	$19.3M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.58	−0.077%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.84	−0.045%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.70	−0.062%	$54.8M	$117.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.20	0.000%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.90	−0.037%	$35.8M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.95	−0.031%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.70	−0.062%	$80.9M	$26.9M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.89	+0.086%	$4.2M	$77.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.93	+0.091%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.79	−0.051%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.05	−0.019%	$387K	$572K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.31	+0.014%	$32K	$5K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	801.52	+0.041%	$12K	$1.7M	50x
HTX BNB-USDT	+0.0100%	8h	801.00	−0.025%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.43	+0.029%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.62	−0.073%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.21	+0.002%	$385K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	802.00	+0.100%	$83.4M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0119%	8h	801.63	+0.054%	$503.9M	$829.7M	75x	as long as short
SoDEX BNB-USDlong	+0.0120%	1h	801.20	long leg	$394K	$1.0M	10x
Phemex BNBUSDT	+0.0124%	8h	801.53	+0.041%	$70.0M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	801.68	+0.060%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	801.31	+0.014%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0197%	1h	800.59	−0.077%	$161K	$62K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.48	+0.035%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	800.99	−0.026%	$2.6M	$984K	50x	as long as short
BloFin BNB-USDT	+0.0239%	8h	801.70	+0.062%	$18.4M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0286%	1h	801.95	+0.094%	$51.9M	$22.3M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.486%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	801.05	−0.019%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	800.48	−0.090%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	801.64	+0.055%	$28K	$1K	10x	as long as short
Bulk BNB-USD	+0.0354%	1h	801.59	+0.048%	$651K	$21K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0657%	1h	801.81	+0.076%	$2.7M	$5.7M	40x	as long as short