Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h +0.079%

Price spread now: dYdX against SunX−0.129%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

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

costs, in and out, $10k−$790.786% of the position

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.418%+$42 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.129%, 7d avg −0.073%

Together, before fees+0.520%+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.057% cheaper against SunX than usual: you would sell low and buy high (spread −0.129% now, against its 7-day average of −0.073%). If the spread goes back, that is −$6 on $10k: about 7.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.418% in total) that is about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	785.36	0.0100	pay 0.0100% / 8h	1m 13s	$12K	$1.5M	50x
Short	dYdX BNB-USD	784.34	0.0127	get 0.0016% / 1h	1m 13s	$159K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.129%Rate

Funding earned: $5.57
Price spread: −0.129% → −0.073%: −$5.67
Slippage, 4 orders: −$60.6
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$78.7
Costs to cover: 0.786%
Break-even: 105.9 days

Slippage from SunX: live order book, 4 min ago; dYdX: live order book, 38 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, 4 min ago	15.06 bp	22.1 bp −$22	30.2 bp −$302	doesn't fit	doesn't fit
Sell dYdX live order book, 38 min ago	10.36 bp	17.5 bp −$17	52.9 bp −$529	64.1 bp −$6,408	267.0 bp −$133.5K

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 −0.0168% / S +0.0337%	1h	784.88	−0.061%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.82	−0.069%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.79	−0.073%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	785.25	−0.014%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.84	−0.066%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0030%	8h	785.55	+0.024%	$5.9M	$18.6M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.512%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0038%	8h	784.90	−0.059%	—	$22.1M	—	as long as short
MEXC BNB_USDT	+0.0046%	8h	786.10	+0.094%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0046%	8h	785.48	+0.015%	$488.6M	$813.6M	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	+0.0082%	8h	785.59	+0.029%	$68.5M	$51.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.00	−0.045%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	784.80	−0.071%	$158K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.40	−0.122%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.43	+0.009%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.81	−0.070%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.80	−0.071%	$138.1M	$73.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.60	−0.097%	$53.4M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.70	−0.084%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.90	−0.059%	$38.6M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.51	−0.108%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.46	−0.115%	$75.3M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.83	−0.067%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.74	−0.078%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.86	−0.064%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.47	−0.113%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.71	−0.083%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.88	−0.061%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.53	−0.106%	$31K	$12K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	785.36	long leg	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	785.00	−0.046%	$386K	$956K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.96	−0.051%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.11	−0.032%	$78K	$17K	50x	as long as short
Kalshi KXBNBPERP	+0.0104%	8h	785.20	−0.020%	$170K	$2.6M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	784.51	−0.108%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.89	−0.060%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.97	−0.050%	$548K	$1.9M	50x	as long as short
dYdX BNB-USDshort	+0.0127%	1h	784.34	−0.129%	$159K	$62K	10x
BloFin BNB-USDT	+0.0166%	8h	785.59	+0.029%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0215%	8h	785.06	−0.038%	$2.9M	$27.5M	10x	as long as short
Bulk BNB-USD	+0.0237%	1h	785.14	−0.028%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.16	−0.025%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.31	−0.006%	$1.5M	$141K	25x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.58	−0.100%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	784.87	−0.062%	$1.1M	$921K	20x	as long as short
Hibachi BNB/USDT-P	+0.0440%	1h	784.71	−0.083%	$67K	$39K	12x	as long as short