Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: StandX against SunX−0.014%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$660.657% of the position

Long on SunX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.014%, 7d avg −0.023%

Together, before fees−0.131%+ Points / potential airdropStandX: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$3 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	799.75	0.0100	pay 0.0100% / 8h	7h 15m	$13K	$1.6M	50x
Short	StandX BNB-USD	799.64	0	get 0.0000% / 1h	15m 17s	$864K	$2.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$21
Price spread: −0.014% → −0.023%: $0.93
Slippage, 4 orders: −$49.69
Fee SunX: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$85.77
Costs to cover: 0.657%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; StandX: live order book, 4 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, 10 min ago	15.07 bp	21.6 bp −$22	29.3 bp −$293	doesn't fit	doesn't fit
Sell StandX live order book, 4 min ago	4.89 bp	10.7 bp −$11	13.0 bp −$130	54.3 bp −$5,433	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 −0.0159% / S +0.0335%	1h	799.22	−0.066%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	799.20	−0.069%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.55	−0.025%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0002%	8h	799.00	−0.094%	$35.9M	$56.9M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.67	−0.135%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USDshort	0.0000%	1h	799.64	−0.014%	$864K	$2.9M	30x
Variational Omni BNB	+0.0005%	8h	798.43	−0.165%	$4.1M	$5.0M	—	as long as short
BingX BNB-USDC	+0.0007%	8h	798.20	−0.194%	—	$13.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.28	−0.058%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0026%	8h	799.88	+0.017%	$69.8M	$50.2M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.668%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0037%	8h	799.07	−0.085%	$138.7M	$76.2M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	−0.085%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0052%	8h	799.76	+0.001%	$6.2M	$19.4M	200x	as long as short
MEXC BNB_USDT	+0.0074%	8h	800.20	+0.057%	$83.2M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0075%	8h	799.87	+0.016%	$496.6M	$811.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.00	−0.094%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.98	−0.096%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.50	−0.156%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.21	−0.068%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.20	−0.069%	$54.2M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.20	−0.069%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.05	−0.087%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.94	−0.101%	$78.3M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.56	−0.148%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.57	−0.147%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.11	−0.080%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.26	−0.061%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.39	−0.045%	$32K	$5K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	799.75	long leg	$13K	$1.6M	50x
SoDEX BNB-USD	+0.0100%	1h	799.40	−0.044%	$393K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.63	−0.139%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.81	+0.008%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.92	−0.103%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.33	−0.052%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.244%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.17	−0.073%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	799.30	−0.056%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	798.84	−0.114%	$18.1M	$2.6M	75x	as long as short
dYdX BNB-USD	+0.0196%	1h	798.51	−0.155%	$161K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	799.33	−0.052%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0288%	1h	798.98	−0.096%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0294%	1h	799.99	+0.030%	$53.2M	$20.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.75	0.000%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.81	−0.117%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0427%	1h	799.61	−0.017%	$2.7M	$5.7M	40x	as long as short