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 KuCoin+0.097%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$660.663% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.097%, 7d avg +0.087%

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	KuCoin BNBUSDTM	784.43	0.0100	pay 0.0100% / 8h	9m 23s	$27.6M	$10.2M	75x
Short	SunX BNB-USDT	785.19	0.0100	get 0.0100% / 8h	9m 23s	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.087%: $0.96
Slippage, 4 orders: −$46.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$65.3
Costs to cover: 0.663%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; SunX: live order book, 5 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, 10 min ago	0.45 bp	11.0 bp −$11	18.4 bp −$184	53.5 bp −$5,349	doesn't fit
Sell SunX live order book, 5 min ago	15.06 bp	23.6 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 −0.0168% / S +0.0337%	1h	784.65	+0.028%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.99	+0.071%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.54	+0.014%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	785.20	+0.098%	$171K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	785.98	+0.198%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.64	+0.027%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	785.25	+0.105%	$5.9M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.634%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0038%	8h	784.99	+0.071%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	785.80	+0.175%	$80.8M	$12.1M	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	+0.0048%	8h	785.13	+0.089%	$488.1M	$814.0M	75x	as long as short
Phemex BNBUSDT	+0.0079%	8h	785.27	+0.107%	$68.5M	$51.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.76	+0.042%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.41	+0.125%	$158K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.45	+0.003%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.22	+0.101%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.89	+0.059%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.50	+0.009%	$138.0M	$73.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.40	−0.004%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.90	+0.060%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.60	+0.022%	$38.4M	$58.7M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	784.43	long leg	$27.6M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	784.22	−0.027%	$75.3M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.35	+0.117%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.65	+0.028%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.41	+0.125%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.04	+0.078%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.51	+0.010%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.65	+0.028%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.12	+0.088%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	785.19	+0.097%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	784.80	+0.047%	$386K	$961K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.79	+0.046%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.31	+0.113%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.27	−0.021%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.66	+0.029%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	785.03	+0.076%	$545K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0124%	1h	784.99	+0.071%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0168%	8h	785.18	+0.096%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0216%	8h	785.65	+0.156%	$2.9M	$27.9M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	+0.064%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.29	+0.110%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.09	+0.085%	$1.5M	$141K	25x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.33	−0.013%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.00	+0.072%	$1.1M	$902K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	785.43	+0.127%	$67K	$39K	12x	as long as short