Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Arcus against SunX−0.061%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$660.659% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.300%+$30 · spread now −0.061%, 7d avg +0.017%

Together, before fees+0.360%+$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.078% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	787.98	0.0100	pay 0.0100% / 8h	6h 17m	$12K	$1.4M	50x
Short	Arcus BNB-USD	787.50	0.0100	get 0.0013% / 1h	17m 57s	$57K	$122K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → +0.017%: −$7.82
Slippage, 4 orders: −$53.37
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$73.69
Costs to cover: 0.659%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Arcus: live order book, 33 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 SunX live order book, 10 min ago	15.07 bp	21.2 bp −$21	29.4 bp −$294	doesn't fit	doesn't fit
Sell Arcus live order book, 33 min ago	6.37 bp	10.0 bp −$10	21.1 bp −$211	doesn't fit	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	786.58	−0.178%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.06	−0.117%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.91	−0.009%	$5.9M	$17.4M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.34	−0.081%	$3.0M	$26.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.30	−0.086%	$149K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.95	−0.131%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.58	−0.178%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0020%	8h	789.00	+0.130%	$83.4M	$12.2M	200x	as long as short
Binance BNBUSDT	+0.0020%	8h	788.03	+0.006%	$482.1M	$778.8M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.172%	$19K	$789K	30x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0035%	1h	787.43	−0.069%	$2.5M	$1.3M	50x	as long as short
Bybit BNBUSDT	+0.0073%	8h	787.10	−0.112%	$138.6M	$68.3M	75x	as long as short
BloFin BNB-USDT	+0.0080%	8h	787.36	−0.079%	$17.6M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0090%	8h	787.97	−0.001%	$68.5M	$51.2M	50x	as long as short
Phoenix BNB	+0.0094%	1h	787.39	−0.075%	$158K	$45K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.51	−0.059%	$2.7M	$3.4M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.10	−0.112%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.02	+0.005%	$51.8M	$17.0M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.17	−0.103%	$1.2M	$933K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.099%	$53.3M	$104.3M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	787.50	−0.061%	$57K	$122K	10x
Gate BNB_USDT	+0.0100%	8h	787.35	−0.080%	$40.7M	$55.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.21	−0.098%	$28.2M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.08	−0.114%	$75.6M	$32.2M	75x	as long as short
BingX BNB-USDC	+0.0100%	8h	787.38	−0.076%	—	$13.4M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.56	−0.053%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.49	−0.189%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.61	−0.047%	$4.1M	$75.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.82	−0.020%	$159K	$445K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.50	−0.061%	$130K	$911K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.42	−0.071%	$264K	$299K	50x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	787.98	long leg	$12K	$1.4M	50x
SoDEX BNB-USD	+0.0100%	1h	787.50	−0.061%	$387K	$927K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.48	−0.063%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.46	−0.066%	$78K	$337K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.95	−0.131%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.35	−0.080%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	786.42	−0.198%	$544K	$1.9M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.78	−0.025%	$1.5M	$158K	25x	as long as short
Bulk BNB-USD	+0.0212%	1h	787.70	−0.035%	$638K	$0	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.01	+0.004%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.92	−0.135%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0345%	1h	787.69	−0.037%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0352%	1h	786.84	−0.144%	$67K	$37K	12x	as long as short
dYdX BNB-USD	+0.0376%	1h	787.28	−0.088%	$158K	$36K	10x	as long as short