Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against StandX+0.047%48s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$660.655% of the position

Long on StandX Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.135%−$14 · spread now +0.047%, 7d avg +0.025%

Together, before fees+0.075%+ Points / potential airdropStandX: Active · farm board+$7 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 SunX is 0.021% dearer against StandX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.025%. The two prices were read 48 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	805.81	0	get 0.0000% / 1h	44m 31s	$871K	$2.8M	30x
Short	SunX BNB-USDT	806.18	0.0100	get 0.0100% / 8h	1h 44m	$13K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $21
Price spread: +0.047% → +0.025%: $2.11
Slippage, 4 orders: −$49.51
Fee StandX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$42.4
Costs to cover: 0.655%
Break-even: 21.1 days

Slippage from StandX: live order book, 4 min ago; SunX: live order book, 11 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, 4 min ago	4.96 bp	9.7 bp −$10	13.0 bp −$130	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	15.07 bp	23.5 bp −$23	30.5 bp −$305	doesn't fit	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 −0.0195% / S +0.0371%	1h	805.66	−0.019%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.12	+0.038%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	806.06	+0.031%	$3.0M	$29.2M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.10	+0.036%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USDlong	0.0000%	1h	805.81	long leg	$871K	$2.8M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.57	−0.030%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0048%	8h	804.97	−0.104%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0059%	8h	805.80	−0.001%	—	$13.3M	—	as long as short
Hibachi BNB/USDT-P	+0.0080%	1h	805.82	+0.001%	$71K	$48K	12x	as long as short
Bybit BNBUSDT	+0.0084%	8h	805.20	−0.076%	$139.5M	$81.3M	75x	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	805.89	+0.010%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.54	−0.034%	$608K	$882K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.40	−0.051%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.90	+0.011%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.40	−0.051%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.10	+0.036%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.50	−0.038%	$36.1M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.51	−0.037%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.14	−0.083%	$78.7M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.11	+0.037%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.91	+0.012%	$162K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.60	−0.026%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.67	−0.017%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.86	+0.006%	$32K	$5K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	806.18	+0.047%	$13K	$1.7M	50x
HTX BNB-USDT	+0.0100%	8h	805.57	−0.030%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.35	+0.067%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.30	−0.063%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.84	+0.003%	$387K	$40K	10x	as long as short
Aster BNBUSDT	+0.0105%	8h	806.29	+0.060%	$6.4M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0119%	8h	806.50	+0.086%	$84.7M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0120%	8h	806.27	+0.057%	$520.8M	$803.6M	75x	as long as short
Phemex BNBUSDT	+0.0131%	8h	806.30	+0.061%	$70.4M	$51.9M	50x	as long as short
Phoenix BNB	+0.0155%	1h	805.60	−0.026%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0181%	1h	806.29	+0.060%	$51.9M	$22.0M	10x	as long as short
SoDEX BNB-USD	+0.0187%	1h	805.80	−0.001%	$396K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0203%	1h	805.84	+0.003%	$162K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.85	+0.005%	$2.5M	$929K	50x	as long as short
BloFin BNB-USDT	+0.0239%	8h	806.43	+0.077%	$18.8M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0274%	1h	805.55	−0.032%	$651K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	806.19	+0.047%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.089%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.00	+0.024%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.16	−0.081%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	806.63	+0.102%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0715%	1h	806.70	+0.110%	$3.0M	$5.5M	40x	as long as short