Funding you earn now, next payment 01:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.039%
Price spread now: Phoenix against StandX−0.230%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$450.454% of the position
Funding, last 7 days+0.390%+$39 on $10k
+Price spread, last 4 days (all we have)+0.308%+$31 · spread now −0.230%, 7d avg +0.030%
=Together, before fees+0.698%+ Points / potential airdropStandX: Active · farm board+$70 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.260% cheaper against StandX than usual: you would sell low and buy high (spread −0.230% now, against its 7-day average of +0.030%). If the spread goes back, that is −$26 on $10k: about 9.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.390% in total) that is about 4.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX BNB-USD | 795.20 | 0 | get 0.0000% / 1h | 29m 16s | $859K | $3.1M | 30x |
| Short | Phoenix BNB | 793.37 | 0.0088 | get 0.0011% / 1h | 29m 16s | $170K | $36K | 10x |
StandX BNB-USD
Phoenix BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against StandX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $18.4
- Price spread: −0.230% → +0.030%
- −$25.99
- Slippage, 4 orders
- −$30.41
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$53
- Costs to cover
- 0.454%
- Break-even
- 27.2 days
Slippage from StandX: live order book, 5 min ago; Phoenix: live order book, 32 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, 5 min ago | 4.22 bp | 8.5 bp −$8 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 32 min ago | 1.01 bp | 12.4 bp −$12 | 43.2 bp −$432 | doesn't fit | doesn't fit |
BNB on 45 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 −0.0167% / S +0.0335% | 1h | 794.31 | −0.112% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 794.04 | −0.146% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 794.51 | −0.087% | $4K | $239 | 25x | as long as short |
| StandX BNB-USDlong | 0.0000% | 1h | 795.20 | long leg | $859K | $3.1M | 30x | |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 794.26 | −0.118% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0025% | 8h | 793.33 | −0.236% | $4.1M | $4.9M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.244% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0036% | 8h | 795.02 | −0.023% | $6.1M | $19.7M | 200x | as long as short |
| Gate BNB_USDT | +0.0040% | 8h | 794.35 | −0.107% | $35.4M | $55.9M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0044% | 8h | 793.45 | −0.220% | $3.0M | $28.8M | 10x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
gTrade (Gains Network) BNB/USD
Variational Omni BNB
Injective BNB/USDC PERP
Aster BNBUSDT
Gate BNB_USDT
GRVT BNB_USDT_PerpShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0048% | 8h | 794.73 | −0.059% | $69.5M | $50.7M | 50x | as long as short |
| BingX BNB-USDT | +0.0050% | 8h | 794.45 | −0.094% | — | $35.0M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 791.17 | −0.507% | $607K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0063% | 8h | 795.30 | +0.013% | $82.5M | $12.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0063% | 8h | 794.74 | −0.058% | $494.4M | $811.4M | 75x | as long as short |
| dYdX BNB-USD | +0.0064% | 1h | 794.66 | −0.067% | $161K | $63K | 10x | as long as short |
| Phoenix BNBshort | +0.0088% | 1h | 793.37 | −0.230% | $170K | $36K | 10x | |
| Lighter BNB | +0.0096% | 1h | 794.41 | −0.100% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 794.13 | −0.135% | $384K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 794.80 | −0.050% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 795.15 | −0.006% | $52.1M | $19.8M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 795.12 | −0.011% | $1.2M | $925K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 794.30 | −0.113% | $138.8M | $75.8M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 794.20 | −0.126% | $53.2M | $110.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 794.90 | −0.038% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 794.53 | −0.084% | $27.7M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 794.34 | −0.108% | $77.4M | $28.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 794.24 | −0.121% | $4.1M | $77.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 794.07 | −0.142% | $160K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 794.59 | −0.077% | $111K | $886K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 794.41 | −0.100% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 794.00 | −0.151% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 794.20 | −0.126% | $390K | $996K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 793.99 | −0.152% | $8.1M | $8.8M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 795.18 | −0.003% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 793.94 | −0.159% | $1.7M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 794.17 | −0.130% | $381K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 794.90 | −0.037% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0159% | 8h | 795.10 | −0.013% | $112K | $2.7M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0175% | 1h | 792.60 | −0.327% | $642K | $16K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0256% | 1h | 795.32 | +0.015% | $28K | $2K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 794.73 | −0.059% | $1.6M | $160K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 794.26 | −0.119% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0392% | 1h | 795.45 | +0.031% | $2.7M | $5.7M | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0536% | 1h | 794.30 | −0.113% | $68K | $38K | 12x | as long as short |
Phemex BNBUSDT
BingX BNB-USDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
dYdX BNB-USD
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Hibachi BNB/USDT-P