Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0100%/8hnext payment +$0.13 per $10,000 · paid last 24h +0.038%

Price spread now: SoDEX against StandX−0.005%7-day average −0.034% · you buy dearer than you sell

to open and close $10k−$31fees + slippage, both legs, in and out

costs, in % of the position0.308%what the two incomes have to cover

Long on StandX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.098%+$10 on $10k

Price spread, last 3 days (all we have)−0.088%−$9 · spread now −0.005%, 7d avg −0.034%

Together, before fees+0.011%+ Points / potential airdropStandX: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.029% dearer against StandX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	800.44	0	get 0.0000% / 1h	52m 46s	$866K	$3.1M	30x
Short	SoDEX BNB-USD	800.40	0.0100	get 0.0013% / 1h	52m 46s	$394K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $21
Price spread: −0.005% → −0.034%: $2.85
Slippage, 4 orders: −$14.83
Fee StandX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$6.98
Costs to cover: 0.308%
Break-even: 9.3 days

Slippage from StandX: live order book, 1 min ago; SoDEX: live order book, 2 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	4.99 bp	10.8 bp −$11	13.5 bp −$135	doesn't fit	doesn't fit
Sell SoDEX live order book, 2 min ago	0.62 bp	4.6 bp −$5	8.6 bp −$86	76.3 bp −$7,625	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 −0.0197% / S +0.0371%	1h	800.39	−0.007%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.90	+0.057%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.80	+0.045%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	801.10	+0.082%	$110K	$2.7M	4.8x	as long as short
StandX BNB-USDlong	0.0000%	1h	800.44	long leg	$866K	$3.1M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	800.42	−0.003%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	798.65	−0.224%	$19K	$247K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	800.45	+0.001%	$601K	$902K	50x	as long as short
Variational Omni BNB	+0.0067%	8h	800.16	−0.035%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDT	+0.0080%	8h	801.27	+0.104%	—	$33.7M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	800.90	+0.058%	$3.0M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.35	−0.011%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.62	+0.022%	$1.2M	$916K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	800.94	+0.062%	$138.5M	$87.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.10	+0.082%	$55.2M	$116.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.50	+0.007%	$52K	$220K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.00	+0.070%	$35.9M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.35	−0.011%	$27.9M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.88	+0.055%	$78.5M	$24.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.00	+0.069%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.02	+0.072%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.42	−0.002%	$120K	$878K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.36	−0.010%	$387K	$630K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.49	+0.007%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.12	+0.085%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	800.40	−0.005%	$394K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	800.46	+0.003%	$8.2M	$6.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.12	+0.085%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0103%	8h	801.23	+0.098%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	800.79	+0.043%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.54	+0.012%	$385K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0111%	8h	801.90	+0.182%	$84.5M	$15.0M	200x	as long as short
Binance BNBUSDT	+0.0111%	8h	801.79	+0.169%	$518.4M	$796.1M	75x	as long as short
Phemex BNBUSDT	+0.0129%	8h	801.02	+0.072%	$70.1M	$51.1M	50x	as long as short
Bulk BNB-USD	+0.0131%	1h	801.45	+0.127%	$651K	$82K	10x	as long as short
Phoenix BNB	+0.0151%	1h	801.13	+0.086%	$170K	$28K	10x	as long as short
RISEx BNB/USDC	+0.0165%	1h	800.68	+0.030%	$1.1M	$1.5M	20x	as long as short
Kraken Futures PF_BNBUSD	+0.0185%	1h	800.42	−0.002%	$2.5M	$934K	50x	as long as short
Hyperliquid BNB	+0.0220%	1h	802.00	+0.195%	$51.3M	$21.4M	10x	as long as short
BloFin BNB-USDT	+0.0232%	8h	800.97	+0.066%	$19.1M	$3.0M	75x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	801.14	+0.087%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	800.81	+0.047%	$1.6M	$168K	25x	as long as short
dYdX BNB-USD	+0.0316%	1h	800.43	−0.001%	$173K	$51K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	800.16	−0.034%	$9K	—	40x	as long as short
Hibachi BNB/USDT-P	+0.0376%	1h	800.80	+0.045%	$71K	$47K	12x	as long as short
Backpack BNB_USDC_PERP	+0.0688%	1h	801.48	+0.130%	$3.0M	$5.3M	40x	as long as short