Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against StandX−0.157%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on StandX Short on KuCoin

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+0.042%+$4 · spread now −0.157%, 7d avg −0.104%

Together, before fees+0.219%+ Points / potential airdropStandX: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.052% cheaper against StandX than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of −0.104%). If the spread goes back, that is −$5 on $10k: about 42 hours 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	785.75	0	get 0.0000% / 1h	24m 18s	$847K	$3.0M	30x
Short	KuCoin BNBUSDTM	784.52	0.0100	get 0.0100% / 8h	2h 24m	$27.6M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.157%Rate

Funding earned: $21
Price spread: −0.157% → −0.104%: −$5.24
Slippage, 4 orders: −$21.12
Fee StandX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$25.37
Costs to cover: 0.411%
Break-even: 15.5 days

Slippage from StandX: live order book, 5 min ago; KuCoin: 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 StandX live order book, 5 min ago	4.78 bp	9.5 bp −$9	13.0 bp −$130	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.06 bp	9.8 bp −$10	15.2 bp −$152	42.9 bp −$4,285	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	784.62	−0.144%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.06	−0.088%	$4K	$42	25x	as long as short
StandX BNB-USDlong	0.0000%	1h	785.75	long leg	$847K	$3.0M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.79	−0.122%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0032%	8h	785.40	−0.045%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.461%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0042%	8h	784.66	−0.139%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0051%	8h	785.00	−0.095%	$68.7M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0056%	8h	785.70	−0.006%	$79.6M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0056%	8h	785.51	−0.031%	$489.4M	$811.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	784.93	−0.105%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.62	−0.144%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.70	−0.134%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.90	−0.108%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.45	−0.165%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.38	−0.046%	$51.4M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.87	−0.112%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.72	−0.131%	$137.8M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.70	−0.134%	$53.4M	$112.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.90	−0.108%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.85	−0.115%	$36.5M	$58.9M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	784.52	−0.157%	$27.6M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	784.79	−0.122%	$75.9M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.67	−0.137%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.72	−0.258%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.31	−0.183%	$4.1M	$75.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.92	−0.106%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.72	−0.131%	$131K	$954K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.04	−0.090%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.27	−0.061%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.48	−0.162%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.11	−0.081%	$76K	$17K	50x	as long as short
SoDEX BNB-USD	+0.0104%	1h	785.10	−0.083%	$386K	$993K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	784.73	−0.130%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.01	−0.094%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	784.35	−0.178%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0141%	8h	785.00	−0.095%	$160K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0168%	1h	784.36	−0.177%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0176%	8h	785.45	−0.038%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0208%	8h	785.52	−0.029%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	785.53	−0.028%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	−0.008%	$637K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.60	−0.146%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	785.40	−0.044%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.05	−0.089%	$1.1M	$905K	20x	as long as short
Hibachi BNB/USDT-P	+0.0512%	1h	784.74	−0.129%	$67K	$39K	12x	as long as short