Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: SunX against Arcus+0.054%7-day average −0.025% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.065%−$6 on $10k

Price spread, last 3 days (all we have)−0.293%−$29 · spread now +0.054%, 7d avg −0.025%

Together, before fees−0.358%−$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: SunX is 0.079% dearer against Arcus than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	804.90	0.0100	pay 0.0013% / 1h	59m 57s	$53K	$170K	10x
Short	SunX BNB-USDT	805.33	0.0100	get 0.0100% / 8h	1h 59m	$13K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → −0.025%: $7.85
Slippage, 4 orders: −$53.31
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$57.96
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from Arcus: live order book, 23 min ago; SunX: live order book, 5 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 Arcus live order book, 23 min ago	6.20 bp	9.6 bp −$10	24.6 bp −$246	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	15.06 bp	23.3 bp −$23	30.4 bp −$304	doesn't fit	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 −0.0195% / S +0.0371%	1h	804.59	−0.039%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.08	+0.022%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.57	−0.041%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.20	+0.037%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.71	−0.024%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.65	−0.031%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.53	−0.046%	$2.5M	$928K	50x	as long as short
Variational Omni BNB	+0.0047%	8h	804.12	−0.097%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0056%	8h	804.27	−0.078%	—	$34.6M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	803.80	−0.137%	$139.5M	$81.7M	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	+0.0088%	1h	804.54	−0.045%	$607K	$880K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.61	−0.036%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.33	−0.071%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.83	−0.009%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.00	−0.112%	$55.2M	$116.0M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	804.90	long leg	$53K	$170K	10x
Gate BNB_USDT	+0.0100%	8h	804.30	−0.075%	$36.1M	$59.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.08	−0.102%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.76	−0.142%	$78.9M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.31	+0.050%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.70	−0.025%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.60	−0.037%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.68	−0.027%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.89	−0.001%	$32K	$5K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	805.33	+0.054%	$13K	$1.7M	50x
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.19	+0.037%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.71	−0.024%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.29	+0.048%	$79K	$19K	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	804.98	+0.010%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	803.85	−0.130%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.87	−0.004%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	805.00	+0.012%	$84.5M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	804.72	−0.022%	$519.7M	$806.3M	75x	as long as short
Phoenix BNB	+0.0125%	1h	804.66	−0.030%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0138%	8h	805.10	+0.025%	$70.3M	$51.9M	50x	as long as short
Hyperliquid BNB	+0.0189%	1h	805.01	+0.014%	$51.8M	$22.0M	10x	as long as short
SoDEX BNB-USD	+0.0193%	1h	804.70	−0.025%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.91	+0.002%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0227%	1h	804.85	−0.006%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0236%	8h	805.36	+0.057%	$18.9M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	804.83	−0.008%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0273%	1h	805.26	+0.045%	$650K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.35	−0.069%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	805.56	+0.082%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.001%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0656%	1h	805.45	+0.068%	$3.0M	$5.5M	40x	as long as short