Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.041%

Price spread now: StandX against Aster+0.022%58s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.306% of the position

Long on Aster Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 7 days+0.020%+$2 · spread now +0.022%, 7d avg +0.003%

Together, before fees−0.103%+ Points / potential airdropAster: Stage 5 · StandX: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	802.68	0.0101	pay 0.0101% / 8h	1h 20m	$6.4M	$19.1M	200x
Short	StandX BNB-USD	802.86	0	get 0.0000% / 1h	20m 34s	$868K	$2.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Aster. 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 AsterbpFee StandXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$21.22
Price spread: +0.022% → +0.003%: $1.92
Slippage, 4 orders: −$14.56
Fee Aster: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$49.86
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; StandX: 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 Aster live order book, 3 min ago	0.37 bp	4.7 bp −$5	5.3 bp −$53	17.3 bp −$1,727	doesn't fit
Sell StandX live order book, 3 min ago	5.55 bp	11.5 bp −$11	14.0 bp −$140	56.2 bp −$5,620	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 −0.0201% / S +0.0372%	1h	802.56	−0.014%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.44	−0.030%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	801.96	−0.089%	$3.0M	$29.6M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.20	+0.065%	$158K	$2.9M	4.8x	as long as short
StandX BNB-USDshort	0.0000%	1h	802.86	+0.022%	$868K	$2.8M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.55	−0.017%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0039%	8h	800.35	−0.290%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0062%	8h	802.17	−0.064%	—	$35.0M	—	as long as short
Bybit BNBUSDT	+0.0074%	8h	801.32	−0.169%	$139.5M	$82.3M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.35	−0.041%	$2.8M	$4.2M	20x	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	+0.0096%	1h	801.17	−0.188%	$610K	$1.0M	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.31	−0.046%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.28	−0.050%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.60	−0.135%	$54.8M	$116.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.40	−0.035%	$53K	$154K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.80	−0.110%	$35.8M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.91	−0.096%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.69	−0.123%	$81.1M	$26.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.76	−0.115%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.51	−0.146%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.32	−0.045%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.50	−0.022%	$388K	$568K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.79	+0.013%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.21	+0.066%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.46	−0.028%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.81	+0.016%	$78K	$19K	50x	as long as short
Aster BNBUSDTlong	+0.0101%	8h	802.68	long leg	$6.4M	$19.1M	200x
Extended BNB-USD	+0.0104%	1h	801.48	−0.149%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.67	−0.001%	$386K	$40K	10x	as long as short
SoDEX BNB-USD	+0.0107%	1h	802.60	−0.010%	$395K	$1.0M	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	803.00	+0.040%	$83.5M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0119%	8h	802.52	−0.020%	$504.3M	$826.8M	75x	as long as short
Phemex BNBUSDT	+0.0122%	8h	802.98	+0.037%	$70.2M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	802.83	+0.019%	$173K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0176%	1h	802.10	−0.072%	$71K	$48K	12x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	802.42	−0.033%	$2.6M	$978K	50x	as long as short
BloFin BNB-USDT	+0.0239%	8h	803.07	+0.049%	$18.3M	$2.6M	75x	as long as short
dYdX BNB-USD	+0.0264%	1h	801.96	−0.090%	$162K	$62K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	803.00	+0.039%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0308%	1h	802.92	+0.030%	$51.9M	$21.9M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.300%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0314%	1h	802.70	+0.002%	$652K	$21K	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	802.18	−0.062%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	802.70	+0.002%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	802.06	−0.077%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0616%	1h	802.94	+0.032%	$2.7M	$5.7M	40x	as long as short