Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: StandX against KuCoin+0.117%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$440.435% of the position

Long on KuCoin Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.117%, 7d avg +0.104%

Together, before fees−0.206%+ Points / potential airdropStandX: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.104%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	787.43	0.0100	pay 0.0100% / 8h	3h 15m	$27.6M	$10.3M	75x
Short	StandX BNB-USD	788.35	0	get 0.0000% / 1h	15m 02s	$850K	$3.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against KuCoin. 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 KuCoinbpFee StandXbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$21
Price spread: +0.117% → +0.104%: $1.31
Slippage, 4 orders: −$23.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$63.22
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; StandX: 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 KuCoin live order book, 4 min ago	0.44 bp	10.5 bp −$10	17.4 bp −$174	doesn't fit	doesn't fit
Sell StandX live order book, 4 min ago	5.07 bp	10.5 bp −$11	12.8 bp −$128	53.9 bp −$5,389	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	787.36	−0.009%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.19	−0.031%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.90	+0.060%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.00	+0.072%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USDshort	0.0000%	1h	788.35	+0.117%	$850K	$3.1M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.40	−0.003%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	787.94	+0.064%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.243%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0034%	8h	787.49	+0.008%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0041%	8h	788.20	+0.098%	$79.9M	$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 BNBUSDT	+0.0042%	8h	787.91	+0.061%	$491.0M	$801.9M	75x	as long as short
Phemex BNBUSDT	+0.0042%	8h	787.80	+0.047%	$68.9M	$50.7M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.19	−0.030%	$588K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0086%	1h	787.24	−0.024%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.76	+0.042%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.45	+0.003%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.42	−0.001%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.35	−0.010%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.79	+0.046%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.82	+0.050%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.30	−0.017%	$138.5M	$73.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.029%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	+0.022%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.35	−0.010%	$36.0M	$58.0M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	787.43	long leg	$27.6M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	786.93	−0.063%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.68	+0.032%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.31	−0.015%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.09	+0.083%	$4.1M	$74.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.81	+0.048%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.36	−0.009%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.45	+0.003%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.05	+0.079%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.40	−0.004%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.58	+0.019%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.86	+0.055%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.98	−0.057%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.36	−0.009%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0162%	8h	787.87	+0.056%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0176%	8h	788.38	+0.121%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	+0.108%	$638K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.09	+0.084%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.80	+0.047%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.10	−0.041%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	787.87	+0.055%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.83	+0.051%	$1.1M	$893K	20x	as long as short