Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget+0.090%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.090%, 7d avg +0.115%

Together, before fees−0.025%−$2 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: SunX is 0.025% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	786.43	0.0100	pay 0.0100% / 8h	1h 55m	$76.1M	$31.1M	75x
Short	SunX BNB-USDT	787.14	0.0100	get 0.0100% / 8h	1h 55m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.115%: −$2.47
Slippage, 4 orders: −$39.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$61.64
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; SunX: live order book, 10 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, 4 min ago	0.06 bp	7.3 bp −$7	9.9 bp −$99	19.7 bp −$1,971	doesn't fit
Sell SunX live order book, 10 min ago	15.07 bp	23.5 bp −$24	30.7 bp −$307	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 −0.0192% / S +0.0356%	1h	786.51	+0.010%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.11	+0.214%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.66	+0.156%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.56	+0.017%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.373%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0046%	8h	787.25	+0.104%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	786.76	+0.042%	—	$22.2M	—	as long as short
MEXC BNB_USDT	+0.0067%	8h	787.60	+0.149%	$80.9M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	787.16	+0.093%	$490.1M	$815.9M	75x	as long as short
Phemex BNBUSDT	+0.0069%	8h	787.24	+0.103%	$68.9M	$51.0M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0072%	1h	787.10	+0.085%	$159K	$62K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	+0.248%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.71	+0.035%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.64	+0.027%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.65	+0.028%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.98	+0.070%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.60	+0.022%	$138.4M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.50	+0.009%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.90	+0.060%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.65	+0.028%	$37.0M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.33	−0.013%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	786.43	long leg	$76.1M	$31.1M	75x
Variational Omni BNB	+0.0100%	8h	786.71	+0.036%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.78	+0.172%	$4.1M	$75.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.16	+0.093%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.50	+0.009%	$131K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.80	+0.047%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	787.14	+0.090%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	786.70	+0.034%	$387K	$986K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.77	+0.044%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	787.15	+0.092%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.35	−0.010%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.68	+0.031%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.80	+0.174%	$169K	$35K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0134%	1h	787.43	+0.127%	$2.2M	$6.1M	40x	as long as short
Kalshi KXBNBPERP	+0.0135%	8h	787.30	+0.111%	$169K	$2.7M	4.8x	as long as short
Hyperliquid BNB	+0.0152%	1h	787.35	+0.117%	$51.5M	$17.7M	10x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.35	+0.117%	$17.8M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.60	+0.022%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.46	+0.131%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	787.12	+0.088%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.02	+0.074%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.41	−0.003%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0339%	1h	788.57	+0.272%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.98	+0.070%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	787.15	+0.092%	$67K	$39K	12x	as long as short