Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: SoDEX against SunX−0.051%7-day average −0.057% · 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−$54as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.051%, 7d avg −0.057%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	788.10	0.0100	pay 0.0100% / 8h	1h 27m	$12K	$1.5M	50x
Short	SoDEX BNB-USD	787.70	0.0100	get 0.0013% / 1h	27m 19s	$387K	$982K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.057%: $0.59
Slippage, 4 orders: −$39.02
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$54.42
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; SoDEX: live order book, 26 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, 8 min ago	15.07 bp	21.7 bp −$22	29.2 bp −$292	doesn't fit	doesn't fit
Sell SoDEX live order book, 26 min ago	0.63 bp	5.3 bp −$5	9.2 bp −$92	82.3 bp −$8,232	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 −0.0170% / S +0.0337%	1h	786.96	−0.144%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.74	−0.046%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.56	−0.068%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.93	−0.149%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.156%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0051%	8h	787.53	−0.072%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0051%	8h	788.25	+0.019%	$6.1M	$18.8M	200x	as long as short
Binance BNBUSDT	+0.0065%	8h	788.17	+0.009%	$490.8M	$816.9M	75x	as long as short
MEXC BNB_USDT	+0.0065%	8h	788.80	+0.089%	$81.1M	$12.1M	200x	as long as short
dYdX BNB-USD	+0.0074%	1h	787.26	−0.107%	$160K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0078%	8h	787.54	−0.071%	$68.9M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.101%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.77	−0.041%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.50	−0.076%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.17	+0.009%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.79	−0.040%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.47	−0.080%	$138.6M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	−0.076%	$53.5M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.70	−0.051%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.65	−0.057%	$37.5M	$59.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.19	−0.115%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.41	−0.087%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.49	−0.077%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.11	−0.252%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.78	−0.040%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.02	−0.010%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.51	−0.075%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.63	−0.060%	$265K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.03	−0.262%	$31K	$12K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	788.10	long leg	$12K	$1.5M	50x
SoDEX BNB-USDshort	+0.0100%	1h	787.70	−0.051%	$387K	$982K	10x
HTX BNB-USDT	+0.0100%	8h	787.33	−0.098%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.16	+0.008%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.21	−0.112%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.62	−0.061%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0135%	1h	787.67	−0.054%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0138%	8h	787.40	−0.089%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	787.65	−0.057%	$17.8M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.39	−0.090%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	787.15	−0.120%	$2.9M	$29.4M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.12	+0.003%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0291%	1h	787.29	−0.102%	$638K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.07	−0.004%	$1.5M	$145K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.91	−0.151%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.87	−0.030%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	787.21	−0.113%	$67K	$39K	12x	as long as short