Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.056%

Price spread now: SunX against 01 Exchange+0.024%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.024% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BNBUSD	786.95	0.0272	pay 0.0034% / 1h	54m 16s	$28K	$4K	10x
Short	SunX BNB-USDT	787.14	0.0100	get 0.0100% / 8h	1h 54m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against 01 Exchange. 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 01 ExchangebpFee SunXbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$36.12
Price spread: +0.024% → 0.000%: $2.41
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$48.71
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; SunX: live order book, 11 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell SunX live order book, 11 min ago	15.07 bp	23.5 bp −$24	30.7 bp −$307	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	786.44	−0.065%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.05	+0.013%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.66	+0.090%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.51	−0.056%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.305%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0046%	8h	787.12	+0.022%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	786.58	−0.047%	—	$22.2M	—	as long as short
MEXC BNB_USDT	+0.0067%	8h	787.30	+0.044%	$80.8M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	787.01	+0.008%	$490.0M	$816.1M	75x	as long as short
Phemex BNBUSDT	+0.0071%	8h	787.11	+0.020%	$68.9M	$51.0M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0074%	1h	786.44	−0.064%	$159K	$62K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	+0.182%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.77	−0.022%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.61	−0.043%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.30	−0.083%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.69	−0.033%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.40	−0.070%	$138.3M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.40	−0.070%	$53.4M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	−0.032%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.40	−0.070%	$37.0M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.28	−0.085%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.25	−0.089%	$76.1M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	786.71	−0.030%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.78	+0.106%	$4.1M	$75.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.16	+0.027%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.33	−0.079%	$131K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.78	−0.022%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	787.14	+0.024%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	786.70	−0.032%	$387K	$986K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.77	−0.022%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.75	−0.026%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.24	−0.091%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.62	−0.042%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.80	+0.108%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0133%	8h	787.30	+0.044%	$169K	$2.7M	4.8x	as long as short
Hyperliquid BNB	+0.0141%	1h	787.09	+0.018%	$51.5M	$17.6M	10x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.35	+0.051%	$17.8M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.56	−0.050%	$2.5M	$1.2M	50x	as long as short
Backpack BNB_USDC_PERP	+0.0219%	1h	787.40	+0.057%	$2.2M	$6.1M	40x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.46	+0.065%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSDlong	+0.0272%	1h	786.95	long leg	$28K	$4K	10x
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.01	+0.008%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.21	−0.094%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0339%	1h	788.57	+0.206%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.75	−0.026%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0568%	1h	786.99	+0.005%	$67K	$39K	12x	as long as short