BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.077%

Price spread now: StandX against Backpack−0.039%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Backpack Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.324%−$32 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.039%, 7d avg −0.033%

Together, before fees−0.256%+ Points / potential airdropStandX: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack BNB_USDC_PERP	787.17	0.0100	pay 0.0013% / 1h	29m 45s	$2.2M	$6.0M	40x
Short	StandX BNB-USD	786.86	0	get 0.0000% / 1h	29m 45s	$849K	$3.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Backpack. 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 BackpackbpFee StandXbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$21
Price spread: −0.039% → −0.033%: −$0.62
Slippage, 4 orders: −$13.35
Fee Backpack: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$52.97
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Backpack: live order book, 2 min ago; StandX: live order book, 2 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 Backpack live order book, 2 min ago	0.06 bp	5.2 bp −$5	7.9 bp −$79	doesn't fit	doesn't fit
Sell StandX live order book, 2 min ago	3.81 bp	12.0 bp −$12	14.7 bp −$147	55.7 bp −$5,570	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	786.48	−0.087%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0086%	1h	786.38	−0.101%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.49	+0.041%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.20	+0.004%	$6.0M	$16.9M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.58	−0.074%	$2.9M	$26.2M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.80	−0.047%	$155K	$2.5M	4.8x	as long as short
StandX BNB-USDshort	0.0000%	1h	786.86	−0.039%	$849K	$3.0M	30x
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	786.81	−0.045%	$1.5M	$148K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.78	−0.177%	$9.5M	—	150x	as long as short
Bybit BNBUSDT	+0.0009%	8h	786.37	−0.102%	$138.5M	$65.7M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDT	+0.0010%	8h	786.82	−0.044%	—	$50.3M	—	as long as short
MEXC BNB_USDT	+0.0012%	8h	788.20	+0.131%	$83.3M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0012%	8h	787.28	+0.014%	$480.8M	$760.0M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.277%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0051%	8h	786.47	−0.089%	$18.5M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0087%	8h	787.07	−0.013%	$68.3M	$50.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.60	−0.072%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.11	−0.135%	$1.4M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.28	+0.014%	$51.9M	$16.9M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.51	−0.084%	$1.2M	$929K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.50	−0.085%	$53.4M	$101.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.50	−0.085%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.65	−0.066%	$41.6M	$54.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.48	−0.088%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.43	−0.094%	$75.8M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERPlong	+0.0100%	1h	787.17	long leg	$2.2M	$6.0M	40x
Variational Omni BNB	+0.0100%	8h	785.47	−0.217%	$4.3M	$4.4M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	−0.117%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.07	−0.013%	$158K	$459K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.27	−0.114%	$128K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.57	−0.076%	$264K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.16	−0.002%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.60	−0.072%	$387K	$926K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.52	−0.083%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.69	−0.060%	$78K	$899K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.14	−0.131%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.40	−0.097%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0120%	1h	786.27	−0.114%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.08	−0.011%	$548K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	786.83	−0.043%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0305%	1h	787.61	+0.056%	$638K	$811	10x	as long as short
Reya BNBRUSDPERP	+0.0316%	1h	786.09	−0.138%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0336%	1h	786.10	−0.136%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	786.18	−0.126%	$1.1M	$903K	20x	as long as short
dYdX BNB-USD	+0.1165%	1h	786.11	−0.134%	$158K	$34K	10x	as long as short