Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.021%

Price spread now: Bybit against StandX−0.131%7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on StandX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.131%, 7d avg −0.117%

Together, before fees+0.127%+ Points / potential airdropStandX: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.117%, 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	788.28	0	get 0.0000% / 1h	13m 01s	$850K	$3.1M	30x
Short	Bybit BNBUSDT	787.25	0.0100	get 0.0100% / 8h	3h 13m	$138.4M	$74.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.131%Rate

Funding earned: $21
Price spread: −0.131% → −0.117%: −$1.37
Slippage, 4 orders: −$16.02
Fee StandX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$15.39
Costs to cover: 0.350%
Break-even: 12.1 days

Slippage from StandX: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	4.44 bp	11.0 bp −$11	14.0 bp −$140	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.63 bp	6.8 bp −$7	9.4 bp −$94	24.2 bp −$2,418	98.6 bp −$49.3K

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	787.19	−0.138%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.24	−0.132%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.90	−0.048%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.80	−0.061%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USDlong	0.0000%	1h	788.28	long leg	$850K	$3.1M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.20	−0.137%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	787.84	−0.056%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.132%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0034%	8h	787.65	−0.080%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0040%	8h	787.78	−0.063%	$68.9M	$50.7M	50x	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	+0.0041%	8h	788.40	+0.015%	$79.9M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0041%	8h	787.99	−0.037%	$491.1M	$802.2M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	788.00	−0.036%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0082%	1h	787.24	−0.132%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.74	−0.069%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.44	−0.106%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.23	−0.133%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.25	−0.131%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.81	−0.060%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.57	−0.089%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDTshort	+0.0100%	8h	787.25	−0.131%	$138.4M	$74.0M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	787.30	−0.124%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	−0.099%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.15	−0.143%	$36.1M	$58.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.96	−0.167%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.07	−0.153%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.68	−0.076%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.31	−0.123%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.93	−0.045%	$4.1M	$74.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.81	−0.060%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.21	−0.136%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.26	−0.129%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.80	−0.061%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.40	−0.112%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.36	−0.117%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.69	−0.075%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.07	−0.153%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.21	−0.135%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0161%	8h	787.91	−0.047%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0177%	8h	788.09	−0.024%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	0.000%	$638K	$10K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.66	−0.078%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.84	−0.056%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.05	−0.156%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	787.67	−0.077%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.64	−0.081%	$1.1M	$894K	20x	as long as short