Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against StandX−0.148%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on StandX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 7 days−0.024%−$2 · spread now −0.148%, 7d avg −0.134%

Together, before fees+0.142%+ Points / potential airdropStandX: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.134%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	803.66	0	get 0.0000% / 1h	39m 47s	$868K	$3.0M	30x
Short	Bitget BNBUSDT	802.47	0.0100	get 0.0100% / 8h	2h 39m	$79.0M	$24.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.148%Rate

Funding earned: $21
Price spread: −0.148% → −0.134%: −$1.37
Slippage, 4 orders: −$16.39
Fee StandX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.76
Costs to cover: 0.364%
Break-even: 12.6 days

Slippage from StandX: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	5.22 bp	10.0 bp −$10	13.0 bp −$130	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.06 bp	7.7 bp −$8	9.0 bp −$90	21.0 bp −$2,101	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	802.80	−0.107%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.26	−0.050%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.09	−0.071%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.40	−0.032%	$122K	$2.5M	4.8x	as long as short
StandX BNB-USDlong	0.0000%	1h	803.66	long leg	$868K	$3.0M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.83	−0.104%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.99	−0.084%	$2.5M	$910K	50x	as long as short
Variational Omni BNB	+0.0055%	8h	802.35	−0.163%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0062%	8h	802.63	−0.128%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	802.10	−0.194%	$138.6M	$82.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0087%	8h	803.52	−0.017%	$6.4M	$18.8M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.041%	$608K	$880K	50x	as long as short
Lighter BNB	+0.0096%	1h	803.03	−0.078%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.52	−0.142%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.13	−0.066%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.50	−0.144%	$55.1M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.00	−0.082%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.40	−0.157%	$35.9M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.66	−0.124%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	802.47	−0.148%	$79.0M	$24.5M	75x
edgeX BNBUSDC	+0.0100%	4h	803.30	−0.045%	$4.2M	$77.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.22	−0.055%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.68	−0.122%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.87	−0.098%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.99	−0.083%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.47	−0.023%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.33	−0.041%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.91	−0.093%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.56	−0.012%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0103%	8h	803.70	+0.005%	$84.5M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0104%	8h	803.23	−0.054%	$518.0M	$803.3M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.36	−0.161%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.08	−0.072%	$386K	$40K	10x	as long as short
SoDEX BNB-USD	+0.0119%	1h	802.90	−0.095%	$395K	$1.0M	10x	as long as short
Phemex BNBUSDT	+0.0119%	8h	803.49	−0.021%	$70.1M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.50	−0.020%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0151%	1h	803.22	−0.055%	$51.6M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0194%	1h	803.61	−0.006%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.16	−0.062%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0224%	8h	803.58	−0.010%	$18.8M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.38	−0.035%	$71K	$49K	12x	as long as short
dYdX BNB-USD	+0.0251%	1h	803.00	−0.082%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.48	−0.022%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	802.61	−0.130%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.157%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0682%	1h	803.83	+0.021%	$3.0M	$5.3M	40x	as long as short