Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.033%

Price spread now: StandX against Binance−0.057%57s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.324% of the position

Long on Binance Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 7 days+0.063%+$6 · spread now −0.057%, 7d avg +0.004%

Together, before fees−0.087%+ Points / potential airdropStandX: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and StandX is 0.061% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	785.79	0.0048	pay 0.0048% / 8h	13m 39s	$488.5M	$814.2M	75x
Short	StandX BNB-USD	785.34	0	get 0.0000% / 1h	13m 39s	$847K	$2.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Binance. 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 BinancebpFee StandXbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$10.17
Price spread: −0.057% → +0.004%: −$6.14
Slippage, 4 orders: −$14.38
Fee Binance: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$48.69
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; StandX: 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 Binance live order book, 15 min ago	0.06 bp	5.1 bp −$5	5.8 bp −$58	15.4 bp −$1,538	doesn't fit
Sell StandX live order book, just now	3.69 bp	11.4 bp −$11	14.1 bp −$141	54.5 bp −$5,454	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 −0.0168% / S +0.0337%	1h	784.52	−0.162%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.94	−0.108%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	785.01	−0.099%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	785.30	−0.062%	$170K	$2.7M	4.8x	as long as short
StandX BNB-USDshort	0.0000%	1h	785.34	−0.057%	$847K	$2.7M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.95	−0.107%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	785.75	−0.005%	$6.0M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.456%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0038%	8h	785.26	−0.067%	—	$22.1M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	786.30	+0.065%	$80.9M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDTlong	+0.0048%	8h	785.79	long leg	$488.5M	$814.2M	75x
Phemex BNBUSDT	+0.0075%	8h	785.68	−0.014%	$68.6M	$51.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.31	−0.061%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.13	−0.084%	$159K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.75	−0.132%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.65	−0.018%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.45	−0.044%	$1.2M	$938K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.04	−0.095%	$138.1M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.00	−0.101%	$53.4M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.40	−0.050%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.15	−0.081%	$38.3M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.95	−0.107%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.91	−0.112%	$75.3M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.52	−0.034%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.43	−0.173%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.04	−0.095%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.13	−0.084%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.73	−0.135%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.16	−0.080%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.17	−0.079%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.37	−0.053%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.20	−0.075%	$386K	$964K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.18	−0.078%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.72	−0.009%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.76	−0.131%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.21	−0.074%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	785.03	−0.097%	$545K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0117%	1h	784.99	−0.102%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0168%	8h	785.06	−0.093%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.54	−0.032%	$1.5M	$141K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0216%	8h	785.20	−0.076%	$2.9M	$28.2M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	−0.109%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.82	+0.004%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.22	−0.200%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.44	−0.045%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	784.80	−0.125%	$67K	$39K	12x	as long as short