Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h −0.017%

Price spread now: StandX against BingX+0.088%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on BingX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.088%, 7d avg +0.071%

Together, before fees−0.173%+ Points / potential airdropStandX: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.163%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDT	798.71	−0.0034	get 0.0034% / 8h	7h 31m	—	$35.0M	—
Short	StandX BNB-USD	799.41	0	get 0.0000% / 1h	31m 52s	$864K	$2.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against BingX. 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 BingXbpFee StandXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $7.1
Price spread: +0.088% → +0.071%: $1.71
Slippage, 4 orders: −$12.88
Fee BingX: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$22.07
Costs to cover: 0.309%
Break-even: 28.8 days

Slippage from BingX: live order book, 7 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 BingX live order book, 7 min ago	0.13 bp	5.3 bp −$5	5.8 bp −$58	9.0 bp −$904	27.4 bp −$13.7K
Sell StandX live order book, 2 min ago	5.38 bp	10.8 bp −$11	13.0 bp −$130	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 −0.0159% / S +0.0334%	1h	798.51	−0.025%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.71	+0.001%	$2.5M	$966K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.41	−0.038%	$4K	$239	25x	as long as short
BingX BNB-USDTlong	−0.0034%	8h	798.71	long leg	—	$35.0M	—
Bybit BNBUSDT	−0.0020%	8h	798.60	−0.014%	$138.6M	$75.1M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.97	+0.033%	$3.0M	$27.4M	10x	as long as short
StandX BNB-USDshort	0.0000%	1h	799.41	+0.088%	$864K	$2.9M	30x
Phemex BNBUSDT	0.0000%	8h	799.26	+0.069%	$69.8M	$50.3M	50x	as long as short
Variational Omni BNB	+0.0004%	8h	798.73	+0.002%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.45	−0.033%	$9.7M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.799%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.73	+0.003%	$602K	$972K	50x	as long as short
Aster BNBUSDT	+0.0062%	8h	799.04	+0.041%	$6.2M	$19.1M	200x	as long as short
MEXC BNB_USDT	+0.0084%	8h	799.90	+0.149%	$83.1M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0084%	8h	799.50	+0.099%	$496.3M	$806.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.96	+0.031%	$2.8M	$4.0M	20x	as long as short
Gate BNB_USDT	+0.0097%	8h	798.70	−0.001%	$35.7M	$56.2M	75x	as long as short
Phoenix BNB	+0.0099%	1h	799.20	+0.061%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.85	−0.108%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.25	−0.058%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.80	+0.011%	$54.2M	$110.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.10	−0.076%	$52K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.85	+0.018%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.63	−0.010%	$78.8M	$27.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.05	+0.043%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.076%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.12	−0.074%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.60	−0.014%	$386K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.77	+0.007%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.84	+0.017%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.80	+0.011%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.65	−0.008%	$8.2M	$8.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.72	+0.001%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.50	−0.026%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.65	−0.008%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.69	+0.122%	$649K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	798.80	+0.011%	$91K	$2.8M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.89	−0.103%	$1.1M	$1.4M	20x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	799.09	+0.047%	$69K	$37K	12x	as long as short
BloFin BNB-USDT	+0.0205%	8h	799.34	+0.079%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	798.31	−0.050%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0244%	1h	798.18	−0.066%	$161K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.14	+0.054%	$1.6M	$160K	25x	as long as short
Hyperliquid BNB	+0.0309%	1h	799.63	+0.115%	$53.2M	$20.6M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.84	−0.109%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	799.62	+0.114%	$2.7M	$5.6M	40x	as long as short