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 Bitget−0.009%7-day average +0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$350.345% of the position

Long on Bitget Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 7 days+0.146%+$15 · spread now −0.009%, 7d avg +0.134%

Together, before fees−0.020%+ Points / potential airdropStandX: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and StandX is 0.142% cheaper against Bitget than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.134%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	798.64	0.0100	pay 0.0100% / 8h	7h 31m	$78.8M	$27.3M	75x
Short	StandX BNB-USD	798.57	0	get 0.0000% / 1h	31m 26s	$863K	$2.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Bitget. 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 BitgetbpFee StandXbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$21
Price spread: −0.009% → +0.134%: −$14.23
Slippage, 4 orders: −$14.52
Fee Bitget: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$69.75
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; StandX: live order book, 2 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 Bitget live order book, 3 min ago	0.06 bp	7.4 bp −$7	11.1 bp −$111	24.9 bp −$2,494	doesn't fit
Sell StandX live order book, 2 min ago	5.38 bp	10.8 bp −$11	13.0 bp −$130	doesn't fit	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 +0.0334%	1h	798.89	+0.031%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.71	+0.009%	$2.5M	$966K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.47	+0.104%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0028%	8h	799.00	+0.045%	—	$35.0M	—	as long as short
Bybit BNBUSDT	−0.0022%	8h	798.60	−0.005%	$138.6M	$75.1M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.97	+0.041%	$3.0M	$27.4M	10x	as long as short
StandX BNB-USDshort	0.0000%	1h	798.57	−0.009%	$863K	$2.9M	30x
Phemex BNBUSDT	0.0000%	8h	799.26	+0.078%	$69.8M	$50.3M	50x	as long as short
Variational Omni BNB	+0.0004%	8h	798.73	+0.011%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.95	+0.039%	$9.7M	—	150x	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	+0.808%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.73	+0.011%	$602K	$972K	50x	as long as short
Aster BNBUSDT	+0.0061%	8h	799.47	+0.104%	$6.2M	$19.1M	200x	as long as short
Binance BNBUSDT	+0.0084%	8h	799.42	+0.098%	$496.3M	$806.3M	75x	as long as short
MEXC BNB_USDT	+0.0084%	8h	799.80	+0.145%	$83.1M	$13.6M	200x	as long as short
Gate BNB_USDT	+0.0089%	8h	798.75	+0.014%	$35.7M	$56.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.21	+0.071%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.20	+0.070%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.65	+0.001%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.22	+0.073%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.80	+0.020%	$54.2M	$110.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.30	+0.083%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.98	+0.043%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	798.64	long leg	$78.8M	$27.3M	75x
edgeX BNBUSDC	+0.0100%	4h	799.05	+0.052%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.10	+0.058%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.88	+0.030%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.86	+0.028%	$386K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.77	+0.016%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.84	+0.025%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.80	+0.020%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.65	+0.001%	$8.2M	$8.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.88	+0.155%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.71	+0.009%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.65	+0.001%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.69	+0.131%	$649K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	798.80	+0.020%	$91K	$2.8M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.28	+0.081%	$1.1M	$1.4M	20x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	798.62	−0.003%	$69K	$37K	12x	as long as short
BloFin BNB-USDT	+0.0205%	8h	799.34	+0.088%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	799.71	+0.134%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0239%	1h	798.94	+0.038%	$161K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.14	+0.063%	$1.6M	$160K	25x	as long as short
Hyperliquid BNB	+0.0309%	1h	799.73	+0.136%	$53.2M	$20.6M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.56	−0.010%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	799.62	+0.123%	$2.7M	$5.6M	40x	as long as short