Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.077%
Price spread now: Backpack against StandX−0.057%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$300.305% of the position
Funding, last 7 days+0.324%+$32 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now −0.057%, 7d avg +0.037%
=Together, before fees+0.334%+ Points / potential airdropStandX: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.095% cheaper against StandX than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.037%). If the spread goes back, that is −$9 on $10k: about 3.2 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX BNB-USD | 786.57 | 0 | get 0.0000% / 1h | 38m 35s | $848K | $2.7M | 30x |
| Short | Backpack BNB_USDC_PERP | 786.12 | 0.0100 | get 0.0013% / 1h | 38m 35s | $2.2M | $6.1M | 40x |
StandX BNB-USD
Backpack BNB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against StandX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −0.057% → +0.037%
- −$9.46
- Slippage, 4 orders
- −$12.47
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$18.93
- Costs to cover
- 0.305%
- Break-even
- 13.3 days
Slippage from StandX: live order book, just now; Backpack: live order book, 6 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 StandX live order book, just now | 3.69 bp | 8.1 bp −$8 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 6 min ago | 0.06 bp | 5.6 bp −$6 | 7.5 bp −$75 | 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 | 785.78 | −0.100% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.13 | −0.056% | $4K | $42 | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0050% | 1h | 785.91 | −0.084% | $2.5M | $1.2M | 50x | as long as short |
| StandX BNB-USDlong | 0.0000% | 1h | 786.57 | long leg | $848K | $2.7M | 30x | |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 785.72 | −0.109% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.355% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0043% | 8h | 786.10 | −0.060% | $6.0M | $18.9M | 200x | as long as short |
| BingX BNB-USDC | +0.0044% | 8h | 785.71 | −0.109% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0054% | 8h | 786.90 | +0.042% | $80.9M | $11.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0055% | 8h | 786.07 | −0.064% | $488.7M | $822.1M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BNB-USD | +0.0061% | 1h | 785.74 | −0.105% | $159K | $62K | 10x | as long as short |
| Phemex BNBUSDT | +0.0080% | 8h | 786.12 | −0.057% | $68.7M | $51.4M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 785.88 | −0.087% | $2.7M | $3.8M | 20x | as long as short |
| Phoenix BNB | +0.0100% | 1h | 786.90 | +0.042% | $168K | $35K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 785.60 | −0.123% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 786.42 | −0.019% | $51.4M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 785.95 | −0.079% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 785.50 | −0.136% | $138.2M | $74.8M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 785.30 | −0.161% | $53.5M | $113.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 785.90 | −0.085% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 785.65 | −0.117% | $38.3M | $57.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 785.36 | −0.154% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 785.28 | −0.164% | $76.3M | $31.8M | 75x | as long as short |
| Backpack BNB_USDC_PERPshort | +0.0100% | 1h | 786.12 | −0.057% | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 786.30 | −0.035% | $4.0M | $4.7M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.00 | +0.055% | $4.1M | $76.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.94 | +0.047% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 785.42 | −0.146% | $131K | $953K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 785.87 | −0.089% | $264K | $421K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.36 | −0.027% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.05 | −0.067% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.00 | −0.072% | $386K | $973K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.00 | −0.072% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.20 | −0.048% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 785.29 | −0.163% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 785.81 | −0.097% | $377K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0104% | 1h | 786.02 | −0.070% | $556K | $1.9M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0114% | 8h | 786.20 | −0.047% | $170K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0175% | 8h | 786.50 | −0.009% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 786.25 | −0.041% | $1.5M | $145K | 25x | as long as short |
| Bulk BNB-USD | +0.0201% | 1h | 786.50 | −0.009% | $637K | $831 | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0225% | 8h | 787.31 | +0.094% | $2.9M | $28.6M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0264% | 1h | 786.16 | −0.052% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0321% | 1h | 785.25 | −0.168% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0350% | 1h | 785.92 | −0.082% | $1.1M | $906K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0464% | 1h | 786.34 | −0.029% | $67K | $39K | 12x | as long as short |
dYdX BNB-USD
Phemex BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
Kalshi KXBNBPERP
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P