Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0045%/8h= +5.0% APRpaid last 24h +0.005%

Price spread now: SoDEX against SunX−0.063%7-day average −0.056% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1251.245% of the position

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.063%, 7d avg −0.056%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: +$1 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	788.90	0.0100	pay 0.0100% / 8h	5h 38m	$12K	$1.6M	50x
Short	SoDEX BNB-USD	788.40	0.0145	get 0.0018% / 1h	38m 21s	$388K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $9.51
Price spread: −0.063% → −0.056%: −$0.76
Slippage, 4 orders: −$108.54
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$115.79
Costs to cover: 1.245%
Break-even: 92.2 days

Slippage from SunX: live order book, 7 min ago; SoDEX: live order book, just now.

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	50.05 bp	56.4 bp −$56	64.2 bp −$642	doesn't fit	doesn't fit
Sell SoDEX live order book, just now	0.63 bp	4.9 bp −$5	8.5 bp −$85	86.4 bp −$8,636	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 −0.0167% / S +0.0335%	1h	788.14	−0.096%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.89	−0.001%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.21	+0.040%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.17	−0.092%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.052%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0042%	8h	788.82	−0.010%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	+0.024%	$618K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0058%	8h	788.34	−0.071%	—	$34.4M	—	as long as short
MEXC BNB_USDT	+0.0074%	8h	789.10	+0.026%	$80.3M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0075%	8h	788.85	−0.006%	$493.3M	$805.2M	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	+0.0078%	8h	788.85	−0.006%	$69.1M	$51.0M	50x	as long as short
Variational Omni BNB	+0.0086%	8h	787.60	−0.165%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.10	−0.101%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.80	−0.012%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.20	−0.088%	$265K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.05	−0.107%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.78	−0.015%	$51.7M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.71	−0.024%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.10	−0.101%	$138.6M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.10	−0.101%	$53.4M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.70	−0.025%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.15	−0.095%	$35.2M	$56.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.96	−0.119%	$27.7M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.99	−0.115%	$76.8M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.64	−0.033%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.57	−0.041%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.87	−0.004%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.02	−0.111%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.42	−0.060%	$31K	$12K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	788.90	long leg	$12K	$1.6M	50x
HTX BNB-USDT	+0.0100%	8h	788.42	−0.060%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.22	+0.041%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.88	−0.129%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.20	−0.088%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	789.13	+0.029%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0132%	8h	789.50	+0.077%	$2.9M	$28.2M	10x	as long as short
SoDEX BNB-USDshort	+0.0145%	1h	788.40	−0.063%	$388K	$1.0M	10x
Kalshi KXBNBPERP	+0.0186%	8h	788.90	0.000%	$95K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	788.79	−0.014%	$18.1M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0238%	1h	788.16	−0.094%	$159K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.68	−0.028%	$1.5M	$152K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	789.02	+0.015%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	787.90	−0.127%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.82	−0.010%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0373%	1h	788.05	−0.107%	$638K	$13K	10x	as long as short
Hibachi BNB/USDT-P	+0.0584%	1h	788.74	−0.020%	$67K	$38K	12x	as long as short