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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.025%
Price spread now: StandX against Derive+0.277%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on StandX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropStandX: Active · farm boardneeds both histories
The price spread pays, funding is against you. StandX is 0.277% dearer against Derive than usual: you sell high and buy low (spread +0.277% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive BNB-PERP788.190.0100pay 0.0013% / 1h54m 40s$31K$12K10x
ShortStandX BNB-USD790.380get 0.0000% / 1h54m 40s$854K$3.2M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Derive. 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

Funding earned
−$21
Price spread: +0.277% → 0.000%
$27.72
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee StandX: 4 bp × 2 orders
−$8
Net
−$7.28
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Derive: no order-book sample; StandX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample—————
Sell StandX live order book, 4 min ago4.94 bp10.6 bp −$1113.0 bp −$13053.8 bp −$5,376doesn't fit
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNB on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0167% / S +0.0335%1h788.05−0.018%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.91+0.091%$4K$23925xas long as short
StandX BNB-USDshort0.0000%1h790.38+0.277%$854K$3.2M30x
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h788.03−0.021%$9.6M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.144%$19K$789K30xas long as short
Aster BNBUSDT+0.0035%8h788.86+0.084%$6.2M$18.7M200xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h789.66+0.186%$619K$1.8M50xas long as short
BingX BNB-USDC+0.0053%8h788.66+0.059%—$13.4M—as long as short
Phemex BNBUSDT+0.0060%8h788.69+0.063%$69.0M$50.8M50xas long as short
Variational Omni BNB+0.0066%8h789.32+0.143%$4.1M$4.8M—as long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0069%8h789.00+0.102%$80.4M$12.4M200xas long as short
Binance BNBUSDT+0.0070%8h788.86+0.084%$493.9M$808.7M75xas long as short
Gate BNB_USDT+0.0081%8h788.40+0.026%$35.4M$56.3M75xas long as short
Phoenix BNB+0.0088%1h789.07+0.111%$170K$35K10xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h788.10−0.012%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h788.48+0.036%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h788.07−0.016%$381K$380K50xas long as short
Nado BNB-PERP+0.0100%1h788.35+0.020%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h788.83+0.081%$51.7M$18.4M10xas long as short
Pacifica BNB+0.0100%1h788.46+0.034%$1.2M$909K20xas long as short
Bybit BNBUSDT+0.0100%8h788.20+0.001%$138.7M$78.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h788.10−0.012%$53.3M$112.4M50xas long as short
Arcus BNB-USD+0.0100%1h788.60+0.051%$52K$130K10xas long as short
KuCoin BNBUSDTM+0.0100%8h788.05−0.018%$27.8M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h788.12−0.009%$76.9M$30.0M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.79+0.076%$2.2M$6.1M40xas long as short
edgeX BNBUSDC+0.0100%4h788.30+0.014%$4.1M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.22+0.003%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.00−0.025%$137K$945K10xas long as short
Derive BNB-PERPlong+0.0100%1h788.19long leg$31K$12K10x
SunX BNB-USDT+0.0100%8h788.92+0.092%$12K$1.6M50xas long as short
HTX BNB-USDT+0.0100%8h788.58+0.049%$8.1M$9.0M75xas long as short
Paradex BNB-USD-PERP+0.0102%8h788.99+0.101%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h788.31+0.015%$1.8M$5.9M50xas long as short
GRVT BNB_USDT_Perp+0.0104%8h788.27+0.010%$2.9M$27.9M10xas long as short
Aevo BNB-PERP+0.0104%1h788.26+0.008%$379K$110K10xas long as short
SoDEX BNB-USD+0.0115%1h788.30+0.013%$388K$1.0M10xas long as short
Kalshi KXBNBPERP+0.0175%8h788.70+0.064%$91K$2.8M4.8xas long as short
dYdX BNB-USD+0.0222%1h788.30+0.013%$159K$64K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.54+0.044%$1.5M$160K25xas long as short
01 Exchange BNBUSD+0.0320%1h789.04+0.107%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0328%1h787.81−0.049%$6K$3K40xas long as short
Bulk BNB-USD+0.0340%1h789.39+0.152%$639K$13K10xas long as short
RISEx BNB/USDC+0.0361%1h788.75+0.070%$1.1M$1.1M20xas long as short
Hibachi BNB/USDT-P+0.0544%1h789.41+0.154%$67K$39K12xas long as short