Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: OKX against StandX−0.099%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on StandX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.099%, 7d avg −0.110%

Together, before fees+0.157%+ Points / potential airdropStandX: Active · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.110%, 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	StandX BNB-USD	789.98	0	get 0.0000% / 1h	38m 08s	$854K	$3.2M	30x
Short	OKX BNB-USDT-SWAP	789.20	0.0100	get 0.0100% / 8h	4h 38m	$53.4M	$111.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $21
Price spread: −0.099% → −0.110%: $1.13
Slippage, 4 orders: −$14.99
Fee StandX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$10.86
Costs to cover: 0.330%
Break-even: 10.6 days

Slippage from StandX: live order book, 1 min ago; OKX: 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, 1 min ago	5.19 bp	10.4 bp −$10	13.3 bp −$133	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.63 bp	5.6 bp −$6	7.7 bp −$77	20.7 bp −$2,069	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 −0.0185% / S +0.0350%	1h	789.65	−0.041%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.40	−0.073%	$4K	$42	25x	as long as short
StandX BNB-USDlong	0.0000%	1h	789.98	long leg	$854K	$3.2M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.61	−0.047%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.913%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0040%	8h	790.26	+0.035%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.55	−0.054%	—	$34.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.067%	$582K	$1.9M	50x	as long as short
Phemex BNBUSDT	+0.0064%	8h	789.94	−0.005%	$69.1M	$49.9M	50x	as long as short
Binance BNBUSDT	+0.0066%	8h	789.86	−0.015%	$493.0M	$788.9M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0066%	8h	790.20	+0.028%	$80.2M	$12.3M	200x	as long as short
Lighter BNB	+0.0096%	1h	789.35	−0.080%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.81	−0.022%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.80	−0.149%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.93	−0.006%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.29	−0.087%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	−0.111%	$138.8M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	789.20	−0.099%	$53.4M	$111.1M	50x
Arcus BNB-USD	+0.0100%	1h	789.50	−0.061%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.40	−0.073%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.18	−0.101%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.24	−0.094%	$76.4M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.92	−0.008%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.90	−0.136%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.18	+0.025%	$4.1M	$73.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.91	−0.009%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.60	−0.048%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.90	−0.011%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.66	−0.041%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.60	−0.048%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.53	−0.057%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.79	−0.024%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.10	−0.111%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.84	−0.017%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.39	−0.075%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0124%	1h	788.93	−0.133%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0137%	8h	789.99	+0.001%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0180%	8h	789.70	−0.035%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	789.44	−0.068%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	790.09	+0.014%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.24	−0.094%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0272%	1h	789.78	−0.025%	$640K	$9K	10x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.30	−0.086%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	790.26	+0.036%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.64	−0.042%	$1.1M	$973K	20x	as long as short
Hibachi BNB/USDT-P	+0.0472%	1h	789.36	−0.079%	$67K	$38K	12x	as long as short