Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.032%

Price spread now: MEXC against StandX+0.163%7-day average +0.099% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on StandX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.163%, 7d avg +0.099%

Together, before fees+0.103%+ Points / potential airdropStandX: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.064% dearer against StandX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	786.22	0	get 0.0000% / 1h	57m 34s	$848K	$2.7M	30x
Short	MEXC BNB_USDT	787.50	0.0045	get 0.0045% / 8h	7h 57m	$81.3M	$12.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.163%Rate

Funding earned: $9.45
Price spread: +0.163% → +0.099%: $6.36
Slippage, 4 orders: −$18.52
Fee StandX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$14.7
Costs to cover: 0.305%
Break-even: 17.9 days

Slippage from StandX: live order book, 1 min ago; MEXC: 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	4.32 bp	9.1 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.63 bp	4.0 bp −$4	6.8 bp −$68	22.7 bp −$2,267	38.0 bp −$19.0K

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 −0.0168% / S +0.0337%	1h	785.44	−0.099%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.77	−0.057%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	785.49	−0.093%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USDlong	0.0000%	1h	786.22	long leg	$848K	$2.7M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.19	−0.004%	$9.5M	—	150x	as long as short
dYdX BNB-USD	+0.0012%	1h	785.69	−0.067%	$159K	$62K	10x	as long as short
Aster BNBUSDT	+0.0030%	8h	786.53	+0.039%	$6.0M	$18.6M	200x	as long as short
Phemex BNBUSDT	+0.0031%	8h	786.17	−0.006%	$68.6M	$51.0M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.400%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0037%	8h	785.90	−0.041%	—	$22.1M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDTshort	+0.0045%	8h	787.50	+0.163%	$81.3M	$12.0M	200x
Binance BNBUSDT	+0.0046%	8h	786.55	+0.042%	$489.3M	$812.8M	75x	as long as short
Lighter BNB	+0.0096%	1h	785.74	−0.061%	$2.7M	$3.6M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.66	−0.071%	$158K	$38K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.65	−0.072%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.52	+0.038%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.80	−0.053%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.10	−0.015%	$138.4M	$73.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.80	−0.053%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.00	−0.028%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.95	−0.034%	$38.7M	$55.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.66	−0.071%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.71	−0.065%	$75.4M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.74	−0.061%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.64	−0.200%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.31	−0.116%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.42	−0.102%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.21	−0.001%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.65	−0.072%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.98	−0.158%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.39	−0.105%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.60	−0.079%	$386K	$955K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.65	−0.072%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.31	+0.012%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.50	−0.092%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.51	−0.090%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0106%	8h	786.50	+0.036%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.84	−0.048%	$547K	$1.9M	50x	as long as short
BloFin BNB-USDT	+0.0166%	8h	785.51	−0.090%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0185%	8h	785.57	−0.083%	$2.9M	$27.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.98	−0.031%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0208%	1h	785.85	−0.047%	$637K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	786.52	+0.038%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	785.82	−0.051%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	786.48	+0.033%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	785.19	−0.131%	$67K	$39K	12x	as long as short