Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: StandX against SunX−0.047%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on SunX Short on StandX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.047%, 7d avg −0.022%

Together, before fees−0.022%+ Points / potential airdropStandX: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and StandX is 0.025% cheaper against SunX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	789.43	0.0100	pay 0.0100% / 8h	4h 15m	$12K	$1.5M	50x
Short	StandX BNB-USD	789.06	0	get 0.0000% / 1h	15m 01s	$851K	$3.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$21
Price spread: −0.047% → −0.022%: −$2.47
Slippage, 4 orders: −$50.74
Fee SunX: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$90.21
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; StandX: live order book, 4 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	17.38 bp	24.8 bp −$25	40.2 bp −$402	doesn't fit	doesn't fit
Sell StandX live order book, 4 min ago	4.94 bp	10.7 bp −$11	13.6 bp −$136	55.7 bp −$5,572	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 −0.0188% / S +0.0352%	1h	788.79	−0.081%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.82	−0.077%	$4K	$42	25x	as long as short
StandX BNB-USDshort	0.0000%	1h	789.06	−0.047%	$851K	$3.2M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.93	−0.063%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.984%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.51	+0.010%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0050%	8h	789.03	−0.051%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0057%	8h	789.56	+0.016%	$69.1M	$50.0M	50x	as long as short
MEXC BNB_USDT	+0.0060%	8h	789.80	+0.047%	$80.1M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0060%	8h	789.40	−0.003%	$492.6M	$789.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.002%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.10	−0.042%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.94	−0.062%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.45	−0.124%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.43	0.000%	$51.8M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.94	−0.062%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.70	−0.093%	$138.7M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.80	−0.080%	$53.4M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.10	−0.042%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.85	−0.074%	$35.5M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.83	−0.076%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.55	−0.112%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.50	+0.009%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.31	−0.142%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.65	+0.028%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.38	−0.006%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.80	−0.080%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.07	−0.046%	$31K	$12K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	789.43	long leg	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	789.10	−0.042%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.65	−0.098%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.13	−0.038%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.59	−0.107%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.07	−0.046%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.14	−0.037%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	788.65	−0.099%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0152%	8h	789.95	+0.066%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	790.10	+0.085%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0180%	8h	789.62	+0.024%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0222%	1h	790.13	+0.088%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.50	+0.009%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	788.85	−0.074%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.42	−0.002%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.55	−0.111%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0392%	1h	788.93	−0.064%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.23	−0.026%	$1.1M	$967K	20x	as long as short