Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Derive against SunX−0.018%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	802.22	0.0100	pay 0.0100% / 8h	58m 16s	$13K	$1.7M	50x
Short	Derive BNB-PERP	802.07	0.0100	get 0.0013% / 1h	58m 16s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → 0.000%: −$1.84
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$15.84
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; Derive: 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 SunX live order book, 7 min ago	15.06 bp	21.6 bp −$22	29.3 bp −$293	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 −0.0201% / S +0.0372%	1h	801.85	−0.046%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.08	−0.017%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	801.59	−0.079%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	−0.153%	$3.0M	$28.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	802.01	−0.026%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.90	−0.039%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	800.04	−0.271%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	802.03	−0.024%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	801.70	−0.065%	$139.3M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.187%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	802.05	−0.021%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.96	−0.032%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.00	−0.028%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.80	−0.052%	$54.8M	$113.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.50	+0.035%	$53K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.90	−0.040%	$35.8M	$57.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.03	−0.024%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.51	−0.088%	$79.7M	$27.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.55	−0.208%	$4.2M	$77.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.56	−0.207%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.24	+0.003%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.93	−0.036%	$388K	$489K	50x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	802.07	−0.018%	$32K	$5K	10x
SunX BNB-USDTlong	+0.0100%	8h	802.22	long leg	$13K	$1.7M	50x
HTX BNB-USDT	+0.0100%	8h	800.97	−0.156%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.56	+0.043%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	802.58	+0.045%	$6.4M	$18.9M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.42	−0.099%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.18	−0.004%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	801.43	−0.098%	$70.1M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	801.10	−0.139%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0120%	8h	803.00	+0.097%	$83.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0121%	8h	802.69	+0.059%	$502.3M	$819.1M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.77	−0.181%	$172K	$34K	10x	as long as short
BloFin BNB-USDT	+0.0241%	8h	801.83	−0.048%	$18.2M	$2.5M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	801.14	−0.135%	$71K	$48K	12x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.33	+0.014%	$1.1M	$1.4M	20x	as long as short
SoDEX BNB-USD	+0.0287%	1h	801.90	−0.040%	$394K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.133%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	802.36	+0.017%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.358%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.83	−0.049%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0366%	1h	803.02	+0.100%	$52.0M	$21.6M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0412%	1h	802.31	+0.011%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	803.13	+0.114%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0465%	1h	801.56	−0.083%	$162K	$62K	10x	as long as short