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

BNB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: SunX against Derive+0.023%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.023% dearer against Derive than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive BNB-PERP798.010.0100pay 0.0013% / 1h23m 56s$32K$5K10x
ShortSunX BNB-USDT798.200.0100get 0.0100% / 8h23m 56s$13K$1.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Derive. 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
$0
Price spread: +0.023% → 0.000%
$2.32
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee SunX: 4 bp × 2 orders
−$8
Net
−$11.68
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Derive: no order-book sample; SunX: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample
Sell SunX live order book, 11 min ago15.06 bp23.5 bp −$2435.8 bp −$358doesn't fitdoesn't fit
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h797.86−0.020%$47K200xas long as short
Hotstuff BNB-PERP−0.0080%1h798.26+0.031%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h797.75−0.033%$2.5M$972K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.10+0.136%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.15+0.143%$864K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h797.96−0.007%$9.7M150xas long as short
Variational Omni BNB+0.0013%8h798.06+0.006%$4.1M$5.4Mas long as short
BingX BNB-USDC+0.0038%8h797.88−0.017%$13.4Mas long as short
Bybit BNBUSDT+0.0044%8h797.40−0.077%$138.3M$76.9M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h799.89+0.235%$606K$986K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0090%8h798.36+0.043%$6.3M$19.0M200xas long as short
Lighter BNB+0.0096%1h798.03+0.002%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h797.65−0.045%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.24+0.029%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.60−0.052%$54.2M$112.7M50xas long as short
Arcus BNB-USD+0.0100%1h798.20+0.024%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h797.60−0.052%$35.7M$58.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h797.77−0.030%$27.9M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h797.49−0.065%$78.9M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h799.89+0.235%$4.2M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h800.17+0.270%$161K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h797.76−0.032%$116K$875K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h797.61−0.050%$385K$497K50xas long as short
Derive BNB-PERPlong+0.0100%1h798.01long leg$32K$5K10x
SunX BNB-USDTshort+0.0100%8h798.20+0.023%$13K$1.7M50x
SoDEX BNB-USD+0.0100%1h797.90−0.014%$392K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h798.03+0.002%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h797.47−0.067%$8.2M$8.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.44+0.054%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h797.44−0.072%$1.8M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h797.86−0.019%$383K$40K10xas long as short
Phemex BNBUSDT+0.0110%8h798.45+0.055%$69.8M$50.6M50xas long as short
MEXC BNB_USDT+0.0111%8h798.80+0.099%$82.9M$13.5M200xas long as short
Binance BNBUSDT+0.0112%8h798.30+0.036%$498.5M$817.7M75xas long as short
Kalshi KXBNBPERP+0.0123%8h798.60+0.074%$89K$2.9M4.8xas long as short
Phoenix BNB+0.0127%1h800.12+0.264%$172K$36K10xas long as short
Hibachi BNB/USDT-P+0.0176%1h798.45+0.055%$70K$43K12xas long as short
Hyperliquid BNB+0.0197%1h798.68+0.084%$52.4M$21.2M10xas long as short
BloFin BNB-USDT+0.0232%8h798.94+0.116%$18.2M$2.5M75xas long as short
Bulk BNB-USD+0.0239%1h800.03+0.253%$650K$19K10xas long as short
RISEx BNB/USDC+0.0258%1h798.08+0.009%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0296%1h798.48+0.059%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.887%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0331%1h797.53−0.061%$6K$3K40xas long as short
dYdX BNB-USD+0.0382%1h798.50+0.062%$161K$62K10xas long as short
Backpack BNB_USDC_PERP+0.0397%1h798.47+0.057%$2.7M$5.7M40xas long as short