Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0117%/8h= +12.9% APRpaid last 24h +0.058%

Price spread now: Bulk against SunX+0.018%7-day average +0.023% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on SunX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.221%+$22 on $10k

Price spread, last 3 days (all we have)+0.138%+$14 · spread now +0.018%, 7d avg +0.023%

Together, before fees+0.359%+$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	806.79	0.0100	pay 0.0100% / 8h	2h 14m	$13K	$1.7M	50x
Short	Bulk BNB-USD	806.94	0.0217	get 0.0027% / 1h	14m 51s	$652K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.018%Rate

Funding earned: $24.66
Price spread: +0.018% → +0.023%: −$0.46
Slippage, 4 orders: −$37.24
Fee SunX: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$28.05
Costs to cover: 0.522%
Break-even: 15.0 days

Slippage from SunX: live order book, 10 min ago; Bulk: live order book, 9 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, 10 min ago	15.06 bp	21.6 bp −$22	29.7 bp −$297	doesn't fit	doesn't fit
Sell Bulk live order book, 9 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	7.4 bp −$741	16.5 bp −$8,254

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	806.10	−0.085%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.66	−0.016%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.11	+0.039%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.70	−0.012%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.24	−0.069%	$871K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.16	−0.078%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	806.42	−0.046%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0050%	8h	805.71	−0.134%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0054%	8h	806.39	−0.050%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0077%	8h	805.80	−0.123%	$139.9M	$82.1M	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	806.90	+0.013%	$610K	$883K	50x	as long as short
Lighter BNB	+0.0096%	1h	806.56	−0.028%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	806.97	+0.023%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.10	−0.086%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.53	−0.033%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.90	−0.111%	$55.2M	$116.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.50	−0.036%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	806.20	−0.074%	$36.1M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.22	−0.071%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.97	−0.102%	$79.1M	$24.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.21	+0.052%	$4.2M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.78	−0.002%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.07	−0.090%	$114K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.29	−0.062%	$390K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.51	−0.035%	$32K	$5K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	806.79	long leg	$13K	$1.7M	50x
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	806.81	+0.002%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.54	−0.032%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.99	+0.024%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.93	−0.107%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.44	−0.044%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0114%	8h	807.30	+0.063%	$84.7M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0114%	8h	806.87	+0.010%	$521.5M	$806.0M	75x	as long as short
Phoenix BNB	+0.0125%	1h	806.89	+0.012%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0125%	8h	806.92	+0.016%	$70.4M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0198%	1h	806.40	−0.049%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	806.41	−0.047%	$1.2M	$1.5M	20x	as long as short
Hyperliquid BNB	+0.0213%	1h	807.22	+0.053%	$52.3M	$21.7M	10x	as long as short
Bulk BNB-USDshort	+0.0217%	1h	806.94	+0.018%	$652K	$11K	10x
BloFin BNB-USDT	+0.0234%	8h	807.00	+0.026%	$18.8M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0240%	1h	806.40	−0.049%	$171K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	806.68	−0.014%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	805.84	−0.118%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	806.84	+0.006%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.236%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0652%	1h	807.34	+0.068%	$3.0M	$5.5M	40x	as long as short