Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Arcus against SunX−0.179%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.058%+$6 on $10k

Price spread, last 3 days (all we have)+0.292%+$29 · spread now −0.179%, 7d avg +0.022%

Together, before fees+0.351%+$35 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.201% cheaper against SunX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	798.83	0.0100	pay 0.0100% / 8h	7h 18m	$13K	$1.7M	50x
Short	Arcus BNB-USD	797.40	0.0100	get 0.0013% / 1h	18m 44s	$52K	$133K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → +0.022%: −$20.12
Slippage, 4 orders: −$51.63
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$84.24
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Arcus: live order book, 54 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 SunX live order book, 6 min ago	15.07 bp	21.6 bp −$22	29.3 bp −$293	doesn't fit	doesn't fit
Sell Arcus live order book, 54 min ago	6.26 bp	9.5 bp −$9	24.2 bp −$242	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 −0.0159% / S +0.0335%	1h	798.43	−0.050%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.53	−0.162%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.74	−0.011%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0010%	8h	796.85	−0.248%	$35.8M	$56.8M	75x	as long as short
BingX BNB-USDC	−0.0007%	8h	797.07	−0.220%	—	$13.3M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.85	+0.003%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.95	+0.015%	$863K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	−0.139%	$4.1M	$5.0M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.37	−0.057%	$9.7M	—	150x	as long as short
Bybit BNBUSDT	+0.0013%	8h	796.90	−0.241%	$138.4M	$76.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0016%	8h	798.03	−0.100%	$69.7M	$50.2M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.784%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.030%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0053%	8h	797.41	−0.178%	$6.1M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0075%	8h	797.41	−0.178%	$495.1M	$811.4M	75x	as long as short
MEXC BNB_USDT	+0.0076%	8h	798.00	−0.104%	$83.0M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	797.32	−0.189%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.038%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.10	−0.091%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	797.18	−0.207%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.10	−0.216%	$54.1M	$110.8M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	797.40	−0.179%	$52K	$133K	10x
KuCoin BNBUSDTM	+0.0100%	8h	797.07	−0.220%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	796.77	−0.258%	$78.0M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.91	+0.010%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.95	+0.015%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.38	−0.056%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.08	−0.094%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.19	−0.080%	$32K	$5K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	798.83	long leg	$13K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	797.70	−0.141%	$392K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.02	−0.226%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	797.64	−0.148%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	796.83	−0.250%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.12	−0.088%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	+0.056%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.40	−0.053%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	798.70	−0.016%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0196%	8h	798.72	−0.014%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.86	+0.004%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.23	−0.074%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0201%	1h	796.94	−0.236%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0272%	1h	798.92	+0.011%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0295%	1h	797.79	−0.129%	$53.0M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.16	−0.084%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0420%	1h	798.50	−0.041%	$2.7M	$5.7M	40x	as long as short