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: OKX against StandX+0.145%7-day average −0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on StandX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 7 days−0.297%−$30 · spread now +0.145%, 7d avg −0.112%

Together, before fees−0.141%+ Points / potential airdropStandX: Active · farm board−$14 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 OKX is 0.257% dearer against StandX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	804.43	0	get 0.0000% / 1h	25m 55s	$869K	$2.9M	30x
Short	OKX BNB-USDT-SWAP	805.60	0.0100	get 0.0100% / 8h	2h 25m	$55.2M	$115.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $21
Price spread: +0.145% → −0.112%: $25.72
Slippage, 4 orders: −$14.2
Fee StandX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $14.52
Costs to cover: 0.322%
Break-even: 2.2 days

Slippage from StandX: live order book, 3 min ago; OKX: 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	5.22 bp	9.9 bp −$10	12.9 bp −$129	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.62 bp	5.6 bp −$6	7.3 bp −$73	18.6 bp −$1,863	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	805.63	+0.150%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.10	+0.083%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.60	+0.022%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.10	+0.208%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USDlong	0.0000%	1h	804.43	long leg	$869K	$2.9M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.68	+0.156%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	805.82	+0.172%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	803.71	−0.089%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0052%	8h	805.74	+0.163%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0075%	8h	805.20	+0.096%	$139.6M	$82.5M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	804.80	+0.046%	$609K	$879K	50x	as long as short
Aster BNBUSDT	+0.0092%	8h	806.49	+0.256%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	806.02	+0.197%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.20	+0.096%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.68	+0.155%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	805.60	+0.145%	$55.2M	$115.9M	50x
Arcus BNB-USD	+0.0100%	1h	805.80	+0.170%	$53K	$165K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.60	+0.145%	$36.0M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.57	+0.142%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.42	+0.123%	$79.3M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.62	+0.023%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.73	+0.037%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.39	+0.119%	$119K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.84	+0.175%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.94	+0.188%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.19	+0.219%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.12	+0.086%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.16	+0.215%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.35	+0.114%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.91	+0.185%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0108%	8h	806.60	+0.270%	$84.6M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0109%	8h	806.18	+0.218%	$520.6M	$803.8M	75x	as long as short
Phemex BNBUSDT	+0.0124%	8h	806.38	+0.242%	$70.4M	$51.8M	50x	as long as short
Phoenix BNB	+0.0125%	1h	804.63	+0.025%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0171%	1h	806.50	+0.257%	$51.8M	$21.3M	10x	as long as short
SoDEX BNB-USD	+0.0196%	1h	805.80	+0.170%	$396K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0197%	1h	804.34	−0.011%	$650K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	806.36	+0.240%	$1.6M	$165K	25x	as long as short
RISEx BNB/USDC	+0.0209%	1h	805.79	+0.169%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0229%	8h	805.82	+0.173%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	804.39	−0.005%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0267%	1h	805.64	+0.150%	$170K	$55K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	805.21	+0.097%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	806.41	+0.246%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	+0.057%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0652%	1h	806.84	+0.300%	$3.0M	$5.5M	40x	as long as short