Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.041%

Price spread now: Binance against StandX−0.037%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on StandX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days−0.005%−$1 · spread now −0.037%, 7d avg −0.004%

Together, before fees+0.136%+ Points / potential airdropStandX: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.033% cheaper against StandX than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of −0.004%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	803.92	0	get 0.0000% / 1h	36m 21s	$869K	$2.9M	30x
Short	Binance BNBUSDT	803.62	0.0104	get 0.0104% / 8h	2h 36m	$518.3M	$803.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.037%Rate

Funding earned: $21.9
Price spread: −0.037% → −0.004%: −$3.31
Slippage, 4 orders: −$12.62
Fee StandX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$12.03
Costs to cover: 0.306%
Break-even: 10.8 days

Slippage from StandX: live order book, 3 min ago; Binance: 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 StandX live order book, 3 min ago	4.17 bp	10.3 bp −$10	13.4 bp −$134	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.06 bp	5.1 bp −$5	6.2 bp −$62	14.8 bp −$1,482	38.9 bp −$19.5K

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	802.98	−0.116%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.88	−0.129%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.28	−0.079%	$3.0M	$29.7M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.10	+0.022%	$113K	$2.5M	4.8x	as long as short
StandX BNB-USDlong	0.0000%	1h	803.92	long leg	$869K	$2.9M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.99	−0.116%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.61	−0.039%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0055%	8h	802.35	−0.195%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0062%	8h	803.17	−0.093%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0078%	8h	802.60	−0.164%	$139.2M	$82.8M	75x	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	+0.0088%	1h	803.99	+0.009%	$608K	$878K	50x	as long as short
Aster BNBUSDT	+0.0088%	8h	803.77	−0.018%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	803.38	−0.067%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.81	−0.138%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.35	−0.071%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.80	−0.139%	$55.1M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.40	−0.065%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.85	−0.133%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.86	−0.132%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.70	−0.152%	$79.0M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.02	−0.112%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.43	−0.061%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.05	−0.108%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.04	−0.109%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.80	−0.015%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.34	+0.052%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	804.10	+0.023%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.04	−0.109%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.87	−0.006%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0103%	8h	804.10	+0.022%	$84.4M	$13.6M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.73	−0.148%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.89	−0.003%	$386K	$40K	10x	as long as short
Binance BNBUSDTshort	+0.0104%	8h	803.62	−0.037%	$518.3M	$803.0M	75x
Phemex BNBUSDT	+0.0122%	8h	804.15	+0.029%	$70.1M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.30	−0.077%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0127%	1h	803.70	−0.027%	$395K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0146%	1h	803.80	−0.015%	$51.6M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0194%	1h	803.61	−0.039%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.47	−0.056%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0223%	8h	804.26	+0.042%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.74	−0.023%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0263%	1h	803.57	−0.044%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.93	+0.001%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	802.82	−0.137%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.124%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0675%	1h	804.57	+0.081%	$3.0M	$5.3M	40x	as long as short