Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX−0.122%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 3 days (all we have)+0.095%+$9 · spread now −0.122%, 7d avg −0.101%

Together, before fees+0.045%+$4 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: OKX is 0.021% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	800.78	0.0100	pay 0.0100% / 8h	7h 25m	$13K	$1.7M	50x
Short	OKX BNB-USDT-SWAP	799.80	0.0100	get 0.0100% / 8h	7h 25m	$54.3M	$111.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.122%Rate

Funding earned: $0
Price spread: −0.122% → −0.101%: −$2.08
Slippage, 4 orders: −$38.86
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$58.93
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; OKX: 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 SunX live order book, 9 min ago	15.06 bp	22.0 bp −$22	29.4 bp −$294	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.63 bp	5.9 bp −$6	8.6 bp −$86	21.2 bp −$2,121	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 −0.0159% / S +0.0335%	1h	800.16	−0.078%	$48K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0120%	1h	800.13	−0.081%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.06	−0.215%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0024%	8h	800.21	−0.071%	—	$35.0M	—	as long as short
Bybit BNBUSDT	−0.0009%	8h	799.80	−0.122%	$139.0M	$75.6M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.48	−0.162%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.70	−0.135%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	800.48	−0.037%	$69.9M	$50.1M	50x	as long as short
Variational Omni BNB	+0.0003%	8h	799.72	−0.132%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.14	−0.080%	$9.8M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0023%	8h	799.80	−0.122%	$35.8M	$56.5M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.538%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	800.35	−0.054%	$616K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0060%	8h	800.66	−0.014%	$6.2M	$19.3M	200x	as long as short
MEXC BNB_USDT	+0.0081%	8h	800.90	+0.015%	$83.3M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0081%	8h	800.59	−0.023%	$496.8M	$810.4M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.46	−0.040%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.91	−0.233%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.30	−0.185%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.65	−0.141%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	799.80	−0.122%	$54.3M	$111.2M	50x
Arcus BNB-USD	+0.0100%	1h	799.70	−0.135%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.90	−0.110%	$27.9M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.12	−0.082%	$78.9M	$27.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.99	−0.223%	$4.2M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.82	−0.245%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.01	−0.096%	$117K	$878K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.09	−0.086%	$387K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.36	−0.052%	$32K	$5K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	800.78	long leg	$13K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	800.40	−0.047%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.40	−0.172%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.29	−0.062%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.62	−0.144%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.14	−0.079%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	−0.188%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.74	−0.130%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	800.40	−0.047%	$90K	$2.8M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0200%	1h	799.61	−0.146%	$69K	$38K	12x	as long as short
BloFin BNB-USDT	+0.0201%	8h	799.28	−0.187%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	800.19	−0.074%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0225%	1h	799.33	−0.181%	$161K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	800.74	−0.005%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0306%	1h	801.24	+0.058%	$53.2M	$20.7M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	799.76	−0.127%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0393%	1h	800.89	+0.014%	$2.7M	$5.7M	40x	as long as short