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 +0.030%

Price spread now: KuCoin against StandX−0.171%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on StandX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.177%+$18 on $10k

Price spread, last 7 days+0.081%+$8 · spread now −0.171%, 7d avg −0.104%

Together, before fees+0.259%+ Points / potential airdropStandX: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.067% cheaper against StandX than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of −0.104%). If the spread goes back, that is −$7 on $10k: about 2.2 days 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	790.39	0	get 0.0000% / 1h	50m 49s	$852K	$3.2M	30x
Short	KuCoin BNBUSDTM	789.04	0.0100	get 0.0100% / 8h	3h 50m	$28.1M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.171%Rate

Funding earned: $21
Price spread: −0.171% → −0.104%: −$6.72
Slippage, 4 orders: −$19.16
Fee StandX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$24.88
Costs to cover: 0.392%
Break-even: 15.3 days

Slippage from StandX: live order book, 3 min ago; KuCoin: 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	4.93 bp	10.3 bp −$10	13.3 bp −$133	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.57 bp	11.1 bp −$11	22.8 bp −$228	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 −0.0191% / S +0.0355%	1h	789.42	−0.123%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	788.98	−0.178%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.66	−0.092%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	789.80	−0.075%	$135K	$2.7M	4.8x	as long as short
StandX BNB-USDlong	0.0000%	1h	790.39	long leg	$852K	$3.2M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.43	−0.121%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.860%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	789.72	−0.085%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0046%	8h	789.72	−0.085%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0057%	8h	789.63	−0.096%	$493.2M	$795.4M	75x	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	+0.0057%	8h	790.10	−0.037%	$80.1M	$12.0M	200x	as long as short
Phemex BNBUSDT	+0.0062%	8h	789.84	−0.070%	$69.1M	$50.3M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	−0.016%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	790.40	+0.001%	$170K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	789.38	−0.127%	$2.8M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.42	−0.123%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.15	−0.157%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.76	−0.080%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.48	−0.116%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	−0.163%	$138.8M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.00	−0.176%	$53.4M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.40	−0.125%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.10	−0.163%	$35.8M	$56.7M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	789.04	−0.171%	$28.1M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	788.76	−0.206%	$76.3M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.55	−0.106%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.31	−0.136%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.26	−0.017%	$4.1M	$73.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.15	−0.030%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.19	−0.152%	$130K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.48	−0.115%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.04	−0.044%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.50	−0.113%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.05	−0.170%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.64	−0.096%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.83	−0.197%	$1.9M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.39	−0.126%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0125%	1h	789.96	−0.055%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0169%	8h	790.73	+0.043%	$3.0M	$28.6M	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	789.73	−0.084%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0234%	1h	790.66	+0.034%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	789.87	−0.066%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.81	−0.073%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	789.25	−0.144%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0376%	1h	790.16	−0.029%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	789.61	−0.098%	$1.1M	$892K	20x	as long as short