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: edgeX against StandX+0.154%63s7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.339% of the position

Long on StandX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 7 days−0.180%−$18 · spread now +0.154%, 7d avg −0.037%

Together, before fees+0.030%+ Points / potential airdropStandX: Active · edgeX: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.192% dearer against StandX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.037%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	789.04	0	get 0.0000% / 1h	47m 56s	$851K	$3.2M	30x
Short	edgeX BNBUSDC	790.26	0.0100	get 0.0050% / 4h	3h 47m	$4.1M	$73.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against StandX. 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 StandXbpFee edgeXbpOrdersPrice spread, now +0.154%Rate

Funding earned: $21
Price spread: +0.154% → −0.037%: $19.16
Slippage, 4 orders: −$16.93
Fee StandX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $6.23
Costs to cover: 0.339%
Break-even: 4.9 days

Slippage from StandX: live order book, 1 min ago; edgeX: live order book, 1 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, 1 min ago	4.68 bp	10.6 bp −$11	13.7 bp −$137	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	1.90 bp	6.4 bp −$6	6.4 bp −$64	10.0 bp −$996	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	788.99	−0.006%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	789.11	+0.009%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.26	+0.028%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	789.80	+0.096%	$135K	$2.7M	4.8x	as long as short
StandX BNB-USDlong	0.0000%	1h	789.04	long leg	$851K	$3.2M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.06	+0.003%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.034%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	789.62	+0.074%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDT	+0.0046%	8h	789.27	+0.029%	—	$34.4M	—	as long as short
MEXC BNB_USDT	+0.0055%	8h	790.10	+0.134%	$80.1M	$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	+0.0055%	8h	789.77	+0.093%	$492.9M	$795.8M	75x	as long as short
Phemex BNBUSDT	+0.0059%	8h	789.69	+0.082%	$69.1M	$50.4M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.155%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	789.32	+0.035%	$170K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	789.35	+0.040%	$2.8M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.13	+0.011%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.05	+0.001%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.70	+0.084%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.55	+0.065%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	+0.008%	$138.8M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	+0.020%	$53.4M	$112.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.20	+0.020%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.25	+0.027%	$35.9M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.99	−0.006%	$28.1M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.84	−0.025%	$76.3M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.52	+0.061%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.31	+0.034%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	790.26	+0.154%	$4.1M	$73.5M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	790.15	+0.141%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.18	+0.018%	$130K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.21	+0.022%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.76	+0.092%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.20	+0.020%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.26	+0.028%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.76	+0.092%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.88	−0.020%	$1.9M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.12	+0.010%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0114%	1h	789.27	+0.029%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0169%	8h	790.73	+0.214%	$3.0M	$28.6M	10x	as long as short
BloFin BNB-USDT	+0.0176%	8h	789.42	+0.048%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0234%	1h	790.66	+0.205%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	789.83	+0.100%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.54	+0.064%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	789.05	+0.002%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0384%	1h	789.31	+0.034%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	789.63	+0.075%	$1.1M	$892K	20x	as long as short