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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.059%
Price spread now: Hyperliquid against SunX+0.019%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$580.577% of the position
Long on SunXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%$0 on $10k
Price spread, last 3 days (all we have)+0.077%+$8 · spread now +0.019%, 7d avg −0.035%
Together, before fees+0.082%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.054% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BNB-USDT807.430.0100pay 0.0100% / 8h1h 41m$13K$1.7M50x
ShortHyperliquid BNB807.580.0204get 0.0025% / 1h41m 11s$52.0M$22.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$21.83
Price spread: +0.019% → −0.035%
$5.37
Slippage, 4 orders
−$40.66
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$30.45
Costs to cover
0.577%
Break-even
16.8 days
Slippage from SunX: live order book, 4 min ago; Hyperliquid: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago15.44 bp23.3 bp −$2338.8 bp −$388doesn't fitdoesn't fit
Sell Hyperliquid live order book, 12 min ago0.19 bp6.1 bp −$6doesn't fitdoesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h806.58−0.104%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h807.49+0.008%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.21−0.151%$3.0M$29.2M10xas long as short
Kalshi KXBNBPERP0.0000%8h807.20−0.028%$107K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.73−0.086%$872K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.69−0.091%$9.8M—150xas long as short
Variational Omni BNB+0.0048%8h804.97−0.304%$4.1M$5.3M—as long as short
BingX BNB-USDT+0.0059%8h806.78−0.080%—$34.5M—as long as short
Hibachi BNB/USDT-P+0.0080%1h805.86−0.193%$71K$48K12xas long as short
Bybit BNBUSDT+0.0083%8h806.26−0.144%$139.6M$81.1M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h806.92−0.063%$2.8M$4.2M20xas long as short
Coinbase International BNB-PERP-INTX+0.0096%1h805.54−0.234%$608K$881K50xas long as short
Nado BNB-PERP+0.0100%1h806.71−0.089%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h807.19−0.029%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.50−0.115%$55.1M$116.1M50xas long as short
Arcus BNB-USD+0.0100%1h807.40−0.003%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h806.65−0.096%$36.1M$57.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h806.68−0.092%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h806.22−0.149%$78.8M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h806.39−0.128%$4.2M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.49−0.116%$162K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h806.72−0.087%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.43−0.123%$390K$592K50xas long as short
Derive BNB-PERP+0.0100%1h806.80−0.077%$32K$5K10xas long as short
SunX BNB-USDTlong+0.0100%8h807.43long leg$13K$1.7M50x
HTX BNB-USDT+0.0100%8h806.85−0.071%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h807.66+0.029%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h806.19−0.153%$1.9M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h806.77−0.082%$388K$40K10xas long as short
Aster BNBUSDT+0.0107%8h807.430.000%$6.4M$18.8M200xas long as short
MEXC BNB_USDT+0.0120%8h807.60+0.022%$84.8M$13.4M200xas long as short
Binance BNBUSDT+0.0121%8h807.30−0.015%$521.5M$803.5M75xas long as short
Phemex BNBUSDT+0.0131%8h807.22−0.026%$70.4M$51.8M50xas long as short
Phoenix BNB+0.0155%1h807.20−0.028%$173K$35K10xas long as short
SoDEX BNB-USD+0.0184%1h806.70−0.090%$397K$1.0M10xas long as short
Hyperliquid BNBshort+0.0204%1h807.58+0.019%$52.0M$22.1M10x
Kraken Futures PF_BNBUSD+0.0205%1h806.73−0.087%$2.5M$929K50xas long as short
dYdX BNB-USD+0.0207%1h806.57−0.106%$163K$63K10xas long as short
BloFin BNB-USDT+0.0241%8h807.24−0.023%$18.8M$2.6M75xas long as short
Bulk BNB-USD+0.0295%1h807.66+0.029%$652K$14K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h806.95−0.059%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.289%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h807.26−0.020%$1.1M$1.5M20xas long as short
Reya BNBRUSDPERP+0.0333%1h806.41−0.126%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0360%1h807.86+0.054%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0715%1h807.73+0.038%$3.0M$5.5M40xas long as short