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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.088%
Price spread now: Hyperliquid against StandX+0.235%7-day average −0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Long on StandXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.214%+$21 on $10k
Price spread, last 7 days−0.369%−$37 · spread now +0.235%, 7d avg −0.068%
Together, before fees−0.155%+ Points / potential airdropStandX: Active · Hyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.303% dearer against StandX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BNB-USD804.390get 0.0000% / 1h56m 23s$869K$2.8M30x
ShortHyperliquid BNB806.280.0100get 0.0013% / 1h56m 23s$51.9M$22.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$21
Price spread: +0.235% → −0.068%
$30.31
Slippage, 4 orders
−$14.18
Fee StandX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$20.13
Costs to cover
0.312%
Break-even
0.3 days
Slippage from StandX: live order book, 2 min ago; Hyperliquid: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy StandX live order book, 2 min ago4.78 bp9.6 bp −$1012.7 bp −$127doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago0.06 bp4.6 bp −$56.1 bp −$61doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h805.56+0.146%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.36+0.245%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.06+0.084%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.30+0.113%$108K$2.5M4.8xas long as short
StandX BNB-USDlong0.0000%1h804.39long leg$869K$2.8M30x
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.66+0.158%$9.8M—150xas long as short
Hibachi BNB/USDT-P+0.0008%1h804.69+0.037%$71K$48K12xas long as short
Variational Omni BNB+0.0047%8h804.12−0.033%$4.1M$5.3M—as long as short
BingX BNB-USDC+0.0056%8h805.31+0.114%—$13.3M—as long as short
Bybit BNBUSDT+0.0080%8h805.40+0.126%$139.4M$82.0M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h806.18+0.222%$2.8M$4.2M20xas long as short
Coinbase International BNB-PERP-INTX+0.0096%1h804.54+0.019%$607K$880K50xas long as short
Nado BNB-PERP+0.0100%1h805.67+0.159%$1.5M$2.8M20xas long as short
Hyperliquid BNBshort+0.0100%1h806.28+0.235%$51.9M$22.0M10x
Pacifica BNB+0.0100%1h805.95+0.194%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.50+0.138%$55.2M$116.2M50xas long as short
Arcus BNB-USD+0.0100%1h806.20+0.225%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h805.55+0.144%$36.2M$57.0M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.53+0.142%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.25+0.107%$79.0M$24.8M75xas long as short
edgeX BNBUSDC+0.0100%4h804.99+0.075%$4.2M$76.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.23+0.104%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.61+0.152%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.67+0.159%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h805.90+0.188%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.87+0.059%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h804.80+0.051%$396K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h805.27+0.110%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.61+0.028%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.29+0.236%$79K$19K50xas long as short
Aster BNBUSDT+0.0100%8h806.29+0.236%$6.4M$18.8M200xas long as short
Extended BNB-USD+0.0104%1h805.42+0.128%$1.9M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h805.87+0.185%$387K$40K10xas long as short
MEXC BNB_USDT+0.0116%8h806.60+0.275%$84.6M$13.3M200xas long as short
Binance BNBUSDT+0.0116%8h806.28+0.235%$520.6M$805.6M75xas long as short
Phoenix BNB+0.0125%1h805.17+0.097%$173K$35K10xas long as short
dYdX BNB-USD+0.0140%1h805.79+0.174%$162K$63K10xas long as short
Phemex BNBUSDT+0.0140%8h804.93+0.067%$70.2M$51.8M50xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h804.83+0.055%$2.5M$927K50xas long as short
BloFin BNB-USDT+0.0236%8h805.52+0.140%$18.9M$3.1M75xas long as short
Bulk BNB-USD+0.0273%1h805.26+0.108%$650K$14K10xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09+0.087%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h806.04+0.205%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h805.33+0.116%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0336%1h806.51+0.264%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0649%1h806.28+0.235%$3.0M$5.5M40xas long as short