Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Orderly against StandX+0.047%7-day average −0.025% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on StandX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.047%, 7d avg −0.025%

Together, before fees+0.089%+ Points / potential airdropStandX: Active · farm board+$9 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 Orderly is 0.072% dearer against StandX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	785.20	0	get 0.0000% / 1h	22m 22s	$847K	$3.0M	30x
Short	Orderly PERP_BNB_USDC	785.57	0.0100	get 0.0100% / 8h	2h 22m	$264K	$489K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.047%Rate

Funding earned: $20.99
Price spread: +0.047% → −0.025%: $7.21
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $14.2
Costs to cover: 0.140%
Break-even: 2.3 days

Slippage unknown: StandX: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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, 2 min ago	4.78 bp	10.7 bp −$11	13.8 bp −$138	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	785.14	−0.008%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.08	−0.015%	$4K	$42	25x	as long as short
StandX BNB-USDlong	0.0000%	1h	785.20	long leg	$847K	$3.0M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.23	+0.004%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	785.74	+0.069%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.533%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0042%	8h	785.02	−0.023%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0051%	8h	785.01	−0.024%	$68.7M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0057%	8h	786.10	+0.115%	$80.3M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0058%	8h	786.00	+0.102%	$489.7M	$811.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	784.31	−0.113%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.62	−0.074%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.89	−0.040%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDCshort	+0.0100%	8h	785.57	+0.047%	$264K	$489K	50x
Nado BNB-PERP	+0.0100%	1h	784.85	−0.045%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.96	+0.097%	$51.4M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.07	−0.017%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.37	+0.022%	$137.9M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.40	+0.025%	$53.3M	$112.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.20	0.000%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.35	+0.019%	$36.5M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.85	−0.045%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.03	−0.022%	$76.0M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.97	−0.029%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.72	−0.188%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.31	−0.113%	$4.1M	$75.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.92	−0.036%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.24	+0.005%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.51	−0.088%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.95	−0.032%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.69	−0.065%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.15	−0.007%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.69	−0.065%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.49	−0.091%	$377K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0105%	1h	784.50	−0.089%	$386K	$993K	10x	as long as short
Phoenix BNB	+0.0107%	1h	784.35	−0.108%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0149%	8h	785.10	−0.013%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0167%	1h	784.36	−0.107%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	785.15	−0.006%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0210%	8h	785.65	+0.057%	$2.9M	$29.2M	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	785.92	+0.092%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	784.84	−0.046%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	785.11	−0.012%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	+0.025%	$637K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.35	+0.019%	$1.1M	$903K	20x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	784.71	−0.062%	$67K	$39K	12x	as long as short