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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX−0.060%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$580.580% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 3 days (all we have)+0.055%+$5 · spread now −0.060%, 7d avg −0.101%

Together, before fees+0.001%$0 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: OKX is 0.042% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	798.38	0.0100	pay 0.0100% / 8h	6m 14s	$13K	$1.7M	50x
Short	OKX BNB-USDT-SWAP	797.90	0.0100	get 0.0100% / 8h	6m 14s	$54.3M	$112.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → −0.101%: $4.17
Slippage, 4 orders: −$39.98
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$53.81
Costs to cover: 0.580%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; OKX: live order book, 3 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, 9 min ago	15.07 bp	22.0 bp −$22	29.6 bp −$296	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.63 bp	6.8 bp −$7	8.4 bp −$84	18.6 bp −$1,857	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 −0.0201% / S +0.0372%	1h	797.87	−0.064%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.46	+0.010%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	797.97	−0.051%	$2.5M	$975K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.60	+0.028%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.74	+0.045%	$863K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0007%	8h	797.54	−0.105%	$4.1M	$5.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.93	−0.056%	$9.7M	—	150x	as long as short
BingX BNB-USDC	+0.0033%	8h	798.06	−0.040%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0037%	8h	797.79	−0.074%	$138.4M	$76.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.14	−0.030%	$601K	$984K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0079%	8h	798.41	+0.004%	$6.2M	$19.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.22	−0.019%	$2.8M	$4.1M	20x	as long as short
Phemex BNBUSDT	+0.0098%	8h	798.44	+0.008%	$69.8M	$50.6M	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.90	−0.060%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.39	+0.002%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	797.90	−0.060%	$54.3M	$112.6M	50x
Arcus BNB-USD	+0.0100%	1h	798.50	+0.015%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	797.85	−0.066%	$35.7M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.08	−0.037%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.89	−0.061%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.68	+0.038%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.23	+0.107%	$161K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.05	−0.041%	$116K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.78	−0.075%	$385K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.97	−0.051%	$32K	$5K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	798.38	long leg	$13K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	798.10	−0.035%	$392K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.27	−0.014%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.43	+0.007%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.77	+0.050%	$78K	$19K	50x	as long as short
Binance BNBUSDT	+0.0100%	8h	798.51	+0.017%	$497.4M	$818.0M	75x	as long as short
MEXC BNB_USDT	+0.0101%	8h	798.80	+0.053%	$83.0M	$13.6M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	797.50	−0.110%	$1.7M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.98	−0.049%	$383K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	798.58	+0.025%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0148%	8h	798.80	+0.053%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	798.62	+0.030%	$70K	$43K	12x	as long as short
Bulk BNB-USD	+0.0191%	1h	798.83	+0.056%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0221%	8h	798.81	+0.054%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0239%	1h	798.98	+0.076%	$52.5M	$20.8M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.24	−0.017%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	798.71	+0.042%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.841%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.57	−0.101%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0333%	1h	798.04	−0.043%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0343%	1h	798.86	+0.060%	$2.7M	$5.7M	40x	as long as short