BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0698%/8h= +76.4% APRnext payment +$0.87 per $10,000 · paid last 24h +0.055%

Price spread now: Backpack against StandX+0.292%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on StandX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.301%+$30 on $10k

Price spread, last 7 days−0.363%−$36 · spread now +0.292%, 7d avg +0.031%

Together, before fees−0.062%+ Points / potential airdropStandX: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Backpack is 0.261% dearer against StandX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.031%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.301% in total (about 15.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.87 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	804.39	0	get 0.0000% / 1h	55m 38s	$869K	$2.8M	30x
Short	Backpack BNB_USDC_PERP	806.74	0.0698	get 0.0087% / 1h	55m 38s	$3.0M	$5.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against StandX. 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 StandXbpFee BackpackbpOrdersPrice spread, now +0.292%Rate

Funding earned: $146.56
Price spread: +0.292% → +0.031%: $26.07
Slippage, 4 orders: −$13.96
Fee StandX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $140.67
Costs to cover: 0.320%
Break-even: 0.3 days

Slippage from StandX: live order book, 3 min ago; Backpack: live order book, 3 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 StandX live order book, 3 min ago	4.78 bp	9.6 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.06 bp	6.2 bp −$6	8.9 bp −$89	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 −0.0195% / S +0.0371%	1h	805.56	+0.146%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.36	+0.245%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.06	+0.084%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.60	+0.150%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USDlong	0.0000%	1h	804.39	long leg	$869K	$2.8M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.66	+0.158%	$9.8M	—	150x	as long as short
Hibachi BNB/USDT-P	+0.0008%	1h	804.69	+0.037%	$71K	$48K	12x	as long as short
Variational Omni BNB	+0.0047%	8h	804.12	−0.033%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0056%	8h	805.82	+0.178%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	805.50	+0.138%	$139.4M	$82.0M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	806.05	+0.206%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.76	+0.170%	$608K	$882K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.67	+0.159%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.05	+0.206%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.60	+0.150%	$55.2M	$116.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.20	+0.225%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.65	+0.157%	$36.2M	$57.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.66	+0.158%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.58	+0.148%	$79.1M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.99	+0.075%	$4.2M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.23	+0.104%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.61	+0.152%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.67	+0.159%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.90	+0.188%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.87	+0.059%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	806.11	+0.213%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.75	+0.169%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.54	+0.267%	$79K	$19K	50x	as long as short
Aster BNBUSDT	+0.0102%	8h	806.36	+0.245%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	805.43	+0.129%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.87	+0.185%	$387K	$40K	10x	as long as short
Hyperliquid BNB	+0.0110%	1h	806.45	+0.256%	$51.9M	$22.0M	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	806.80	+0.300%	$84.7M	$13.3M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	806.53	+0.266%	$520.8M	$805.9M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.17	+0.097%	$173K	$35K	10x	as long as short
dYdX BNB-USD	+0.0133%	1h	805.79	+0.174%	$162K	$63K	10x	as long as short
Phemex BNBUSDT	+0.0137%	8h	806.23	+0.229%	$70.4M	$51.9M	50x	as long as short
SoDEX BNB-USD	+0.0158%	1h	805.70	+0.163%	$396K	$1.0M	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.54	+0.143%	$2.5M	$932K	50x	as long as short
BloFin BNB-USDT	+0.0236%	8h	805.52	+0.140%	$18.9M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0273%	1h	805.26	+0.108%	$650K	$14K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.087%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.14	+0.217%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.33	+0.116%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	806.51	+0.264%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERPshort	+0.0698%	1h	806.74	+0.292%	$3.0M	$5.5M	40x