Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.23 per $10,000 · paid last 24h −0.002%
Price spread now: SunX against BingX−0.011%7-day average +0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1311.308% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.040%+$4 on $10k
Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.011%, 7d avg +0.065%
Together, before fees+0.020%+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. SunX is 0.075% cheaper against BingX than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.065%). If the spread goes back, that is −$8 on $10k: about 11 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BNB-USDC798.760.0077pay 0.0077% / 8h7h 55m$13.3M
ShortSunX BNB-USDT798.680.0100get 0.0100% / 8h7h 55m$13K$1.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$4.83
Price spread: −0.011% → +0.065%
−$7.53
Slippage, 4 orders
−$112.78
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$133.48
Costs to cover
1.308%
Break-even
200.5 days
Slippage from BingX: live order book, 3 min ago; SunX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 3 min ago0.31 bp6.4 bp −$69.1 bp −$9117.6 bp −$1,75960.4 bp −$30.2K
Sell SunX live order book, 10 min ago52.79 bp56.8 bp −$5772.9 bp −$729doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h798.05−0.089%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.28−0.060%$2.5M$977K50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.88+0.015%$4K$23925xas long as short
Bybit BNBUSDT−0.0009%8h797.80−0.120%$138.6M$76.9M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.73+0.121%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.47+0.089%$864K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h798.75−0.001%$69.9M$50.7M50xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.10−0.082%$9.7M150xas long as short
Variational Omni BNB+0.0010%8h798.14−0.077%$4.1M$5.4Mas long as short
Gate BNB_USDT+0.0021%8h798.15−0.076%$35.7M$55.6M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+0.792%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h798.68−0.010%$602K$985K50xas long as short
Aster BNBUSDT+0.0073%8h798.61−0.019%$6.2M$19.3M200xas long as short
BingX BNB-USDClong+0.0077%8h798.76long leg$13.3M
Binance BNBUSDT+0.0094%8h798.62−0.018%$496.9M$817.9M75xas long as short
MEXC BNB_USDT+0.0094%8h798.90+0.018%$83.0M$13.5M200xas long as short
Lighter BNB+0.0096%1h798.28−0.060%$2.8M$4.0M20xas long as short
Nado BNB-PERP+0.0100%1h797.95−0.101%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.23−0.067%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.70−0.133%$54.3M$112.2M50xas long as short
Arcus BNB-USD+0.0100%1h798.20−0.070%$52K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.15−0.076%$28.0M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h797.66−0.138%$78.7M$27.6M75xas long as short
edgeX BNBUSDC+0.0100%4h799.62+0.108%$4.2M$76.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.37+0.076%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.17−0.074%$116K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.06−0.088%$386K$487K50xas long as short
Derive BNB-PERP+0.0100%1h798.23−0.067%$32K$5K10xas long as short
SunX BNB-USDTshort+0.0100%8h798.68−0.011%$13K$1.7M50x
SoDEX BNB-USD+0.0100%1h798.40−0.045%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h798.48−0.035%$1.6M$160K25xas long as short
HTX BNB-USDT+0.0100%8h798.39−0.046%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.74−0.003%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h797.96−0.101%$1.8M$6.6M50xas long as short
Aevo BNB-PERP+0.0104%1h798.46−0.038%$384K$64K10xas long as short
Phoenix BNB+0.0127%1h799.98+0.153%$172K$35K10xas long as short
Hibachi BNB/USDT-P+0.0152%1h799.05+0.036%$70K$43K12xas long as short
Kalshi KXBNBPERP+0.0154%8h799.00+0.030%$90K$2.9M4.8xas long as short
RISEx BNB/USDC+0.0155%1h798.61−0.019%$1.1M$1.4M20xas long as short
Bulk BNB-USD+0.0158%1h799.24+0.060%$649K$14K10xas long as short
01 Exchange BNBUSD+0.0208%1h798.90+0.018%$28K$1K10xas long as short
BloFin BNB-USDT+0.0215%8h799.13+0.046%$18.1M$2.5M75xas long as short
dYdX BNB-USD+0.0275%1h798.21−0.069%$161K$63K10xas long as short
Hyperliquid BNB+0.0292%1h799.01+0.031%$52.5M$20.8M10xas long as short
Backpack BNB_USDC_PERP+0.0299%1h799.08+0.040%$2.7M$5.7M40xas long as short
Reya BNBRUSDPERP+0.0331%1h797.72−0.130%$6K$3K40xas long as short