Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.026%

Price spread now: Phemex against StandX+0.025%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on StandX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.025%, 7d avg +0.012%

Together, before fees+0.039%+ Points / potential airdropStandX: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$2 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	788.06	0	get 0.0000% / 1h	21m 08s	$850K	$2.8M	30x
Short	Phemex BNBUSDT	788.26	0.0074	get 0.0074% / 8h	1h 21m	$68.9M	$51.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.025%Rate

Funding earned: $15.58
Price spread: +0.025% → +0.012%: $1.29
Slippage, 4 orders: −$14.99
Fee StandX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$18.12
Costs to cover: 0.350%
Break-even: 15.1 days

Slippage from StandX: live order book, 3 min ago; Phemex: live order book, 3 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, 3 min ago	4.31 bp	8.7 bp −$9	12.2 bp −$122	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.63 bp	6.7 bp −$7	7.5 bp −$75	12.6 bp −$1,260	doesn't fit

BNB on 45 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	787.60	−0.059%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.81	−0.032%	$4K	$42	25x	as long as short
StandX BNB-USDlong	0.0000%	1h	788.06	long leg	$850K	$2.8M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.72	−0.043%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.161%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0051%	8h	788.23	+0.022%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	787.85	−0.027%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0063%	8h	788.20	+0.018%	$490.9M	$818.8M	75x	as long as short
MEXC BNB_USDT	+0.0063%	8h	788.80	+0.094%	$81.1M	$12.1M	200x	as long as short
dYdX BNB-USD	+0.0066%	1h	787.95	−0.013%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDTshort	+0.0074%	8h	788.26	+0.025%	$68.9M	$51.1M	50x
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.096%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.83	−0.029%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.65	−0.052%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.29	+0.029%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.04	−0.003%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.60	−0.058%	$138.6M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	−0.071%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.00	−0.008%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.65	−0.052%	$37.6M	$59.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.42	−0.081%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.40	−0.084%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.09	+0.004%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.044%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.00	−0.007%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.70	−0.046%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.62	−0.056%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.68	−0.048%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.26	+0.025%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.80	−0.033%	$387K	$980K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.76	−0.037%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.36	+0.038%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.36	−0.089%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.66	−0.050%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0129%	8h	788.50	+0.056%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.70	−0.046%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0183%	8h	788.19	+0.016%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.09	+0.004%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.59	−0.059%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0230%	8h	788.19	+0.017%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.28	+0.028%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0262%	1h	788.32	+0.033%	$639K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	787.40	−0.084%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	788.02	−0.006%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0512%	1h	787.65	−0.052%	$67K	$39K	12x	as long as short