Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0101%/8h= +11.0% APRpaid last 24h +0.030%

Price spread now: Paradex against StandX−0.118%49s7-day average — · you buy dearer than you sell

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

Long on StandX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropStandX: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.118% cheaper against StandX than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.9 days of funding at the current rate (+$3 a day). The two prices were read 49 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	787.66	0	get 0.0000% / 1h	53m 32s	$849K	$2.9M	30x
Short	Paradex BNB-USD-PERP	786.73	0.0101	get 0.0101% / 8h	1h 53m	$76K	$17K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.118%Rate

Funding earned: $21.16
Price spread: −0.118% → 0.000%: −$11.84
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$2.68
Costs to cover: 0.120%
Break-even: 7.9 days

Slippage unknown: StandX: live order book, just now; Paradex: 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, just now	4.89 bp	9.3 bp −$9	12.7 bp −$127	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	786.44	−0.155%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.05	−0.077%	$4K	$42	25x	as long as short
StandX BNB-USDlong	0.0000%	1h	787.66	long leg	$849K	$2.9M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.51	−0.146%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.213%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0046%	8h	786.98	−0.087%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	786.57	−0.138%	—	$13.4M	—	as long as short
dYdX BNB-USD	+0.0062%	1h	786.44	−0.155%	$159K	$62K	10x	as long as short
MEXC BNB_USDT	+0.0067%	8h	787.20	−0.058%	$80.8M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	786.76	−0.114%	$489.9M	$816.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0071%	8h	787.11	−0.070%	$68.9M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	+0.091%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.52	−0.144%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.61	−0.133%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.30	−0.173%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.61	−0.134%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.21	−0.184%	$138.3M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.30	−0.173%	$53.4M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	−0.122%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.40	−0.160%	$37.0M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.03	−0.207%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.08	−0.201%	$76.1M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	786.71	−0.120%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.12	−0.069%	$4.1M	$75.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.16	−0.063%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.33	−0.169%	$131K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.78	−0.112%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.14	−0.066%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.70	−0.122%	$387K	$986K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.77	−0.112%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0101%	8h	786.73	−0.118%	$76K	$17K	50x
Extended BNB-USD	+0.0104%	1h	786.14	−0.193%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.62	−0.132%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.80	+0.018%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0133%	8h	787.30	−0.046%	$169K	$2.7M	4.8x	as long as short
Hyperliquid BNB	+0.0137%	1h	787.02	−0.081%	$51.5M	$17.6M	10x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.35	−0.039%	$17.8M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.56	−0.140%	$2.5M	$1.2M	50x	as long as short
Backpack BNB_USDC_PERP	+0.0219%	1h	787.40	−0.033%	$2.2M	$6.1M	40x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.46	−0.025%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	786.92	−0.094%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.01	−0.082%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.21	−0.184%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0339%	1h	788.57	+0.116%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.75	−0.116%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0568%	1h	786.99	−0.085%	$67K	$39K	12x	as long as short