Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against Gate+0.089%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.089%, 7d avg +0.091%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	798.45	0.0100	pay 0.0100% / 8h	20m 46s	$35.8M	$58.3M	75x
Short	SunX BNB-USDT	799.16	0.0100	get 0.0100% / 8h	20m 46s	$13K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.091%: −$0.21
Slippage, 4 orders: −$41.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$64.29
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; SunX: 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 Gate live order book, 3 min ago	0.63 bp	10.8 bp −$11	13.5 bp −$135	29.7 bp −$2,966	59.2 bp −$29.6K
Sell SunX live order book, 4 min ago	14.76 bp	23.1 bp −$23	30.5 bp −$305	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 −0.0201% / S +0.0372%	1h	798.40	−0.006%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.76	+0.039%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	798.12	−0.042%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.68	+0.029%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.96	+0.064%	$863K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.41	−0.005%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0012%	8h	798.04	−0.051%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0035%	8h	798.64	+0.024%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0042%	8h	798.17	−0.035%	$138.5M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.180%	$606K	$985K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0089%	8h	799.10	+0.081%	$6.2M	$19.1M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.81	+0.045%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.25	−0.025%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.75	+0.038%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.20	−0.031%	$54.3M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.90	+0.056%	$53K	$133K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	798.45	long leg	$35.8M	$58.3M	75x
KuCoin BNBUSDTM	+0.0100%	8h	798.44	−0.001%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.56	+0.014%	$79.1M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.50	+0.007%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.21	+0.095%	$161K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.40	−0.006%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.26	−0.024%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.37	−0.010%	$32K	$5K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	799.16	+0.089%	$13K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	798.40	−0.006%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.63	+0.022%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.55	+0.013%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.96	+0.064%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.26	−0.024%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.26	−0.024%	$383K	$40K	10x	as long as short
Binance BNBUSDT	+0.0109%	8h	799.01	+0.070%	$497.9M	$818.5M	75x	as long as short
Phemex BNBUSDT	+0.0109%	8h	798.92	+0.059%	$69.8M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0110%	8h	799.50	+0.132%	$83.1M	$13.6M	200x	as long as short
Phoenix BNB	+0.0127%	1h	798.57	+0.015%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0133%	8h	799.00	+0.069%	$89K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0176%	1h	799.08	+0.079%	$70K	$43K	12x	as long as short
Hyperliquid BNB	+0.0214%	1h	799.42	+0.121%	$52.4M	$21.2M	10x	as long as short
BloFin BNB-USDT	+0.0229%	8h	798.85	+0.050%	$18.2M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.198%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.65	+0.025%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	799.21	+0.095%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.832%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.12	−0.041%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0357%	1h	798.70	+0.031%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0391%	1h	799.21	+0.095%	$2.7M	$5.7M	40x	as long as short