Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Orderly against StandX−0.154%7-day average −0.027% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on StandX Short on Orderly

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.154%, 7d avg −0.027%

Together, before fees+0.288%+ Points / potential airdropStandX: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.127% cheaper against StandX than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of −0.027%). If the spread goes back, that is −$13 on $10k: about 4.2 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	787.33	0	get 0.0000% / 1h	45m 44s	$849K	$2.9M	30x
Short	Orderly PERP_BNB_USDC	786.12	0.0100	get 0.0100% / 8h	1h 45m	$264K	$471K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.154%Rate

Funding earned: $20.99
Price spread: −0.154% → −0.027%: −$12.69
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.7
Costs to cover: 0.140%
Break-even: 8.9 days

Slippage unknown: StandX: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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, 3 min ago	5.78 bp	10.0 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0170% / S +0.0337%	1h	785.95	−0.176%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.95	−0.048%	$4K	$42	25x	as long as short
StandX BNB-USDlong	0.0000%	1h	787.33	long leg	$849K	$2.9M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.02	−0.166%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.256%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0048%	8h	786.78	−0.070%	$6.0M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	786.46	−0.111%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0067%	8h	787.30	−0.004%	$81.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	786.75	−0.074%	$490.1M	$816.4M	75x	as long as short
dYdX BNB-USD	+0.0068%	1h	786.47	−0.110%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	786.59	−0.094%	$68.8M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.56	−0.098%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.25	−0.137%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDCshort	+0.0100%	8h	786.12	−0.154%	$264K	$471K	50x
Nado BNB-PERP	+0.0100%	1h	786.25	−0.137%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.42	−0.116%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.10	−0.156%	$138.3M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.10	−0.156%	$53.4M	$113.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.40	−0.118%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.20	−0.144%	$37.1M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.05	−0.163%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.90	−0.182%	$76.1M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	786.52	−0.103%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.23	−0.013%	$4.1M	$75.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.07	−0.033%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.97	−0.173%	$131K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.29	−0.132%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.54	−0.100%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.30	−0.131%	$387K	$985K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.21	−0.142%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.84	−0.063%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.92	−0.179%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.17	−0.147%	$378K	$110K	10x	as long as short
Hyperliquid BNB	+0.0119%	1h	786.82	−0.065%	$51.5M	$17.6M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0131%	1h	786.50	−0.105%	$2.2M	$6.1M	40x	as long as short
Phoenix BNB	+0.0135%	1h	787.01	−0.041%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0141%	8h	787.10	−0.029%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	786.90	−0.055%	$17.7M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	785.97	−0.172%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.27	−0.008%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	786.58	−0.095%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.50	−0.105%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	785.86	−0.187%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0328%	1h	787.20	−0.016%	$638K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.44	−0.113%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0552%	1h	786.67	−0.084%	$67K	$39K	12x	as long as short