Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against OKX+0.103%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.103%, 7d avg +0.101%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	803.10	0.0100	pay 0.0100% / 8h	46m 10s	$54.8M	$113.7M	50x
Short	SunX BNB-USDT	803.93	0.0100	get 0.0100% / 8h	46m 10s	$13K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.101%: $0.16
Slippage, 4 orders: −$37.96
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$55.8
Costs to cover: 0.560%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; SunX: live order book, 9 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 OKX live order book, 3 min ago	0.62 bp	5.6 bp −$6	7.4 bp −$74	19.0 bp −$1,901	doesn't fit
Sell SunX live order book, 9 min ago	14.81 bp	23.2 bp −$23	30.5 bp −$305	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 −0.0201% / S +0.0372%	1h	803.28	+0.022%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.55	+0.056%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	803.22	+0.015%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.05	−0.007%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.38	+0.035%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.33	+0.029%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0029%	8h	802.05	−0.131%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0053%	8h	803.10	0.000%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0063%	8h	802.87	−0.029%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.296%	$607K	$995K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	803.60	+0.062%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.81	−0.036%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.23	+0.016%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	803.10	long leg	$54.8M	$113.7M	50x
Arcus BNB-USD	+0.0100%	1h	803.40	+0.037%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	803.05	−0.006%	$35.9M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.14	+0.005%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.96	−0.017%	$79.7M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.19	+0.011%	$4.2M	$77.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.77	−0.041%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.01	−0.011%	$119K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.31	+0.026%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.57	+0.059%	$32K	$5K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	803.93	+0.103%	$13K	$1.7M	50x
HTX BNB-USDT	+0.0100%	8h	802.98	−0.015%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.69	+0.074%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0104%	8h	803.83	+0.091%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.86	−0.030%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.37	+0.033%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0110%	8h	803.95	+0.106%	$70.3M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	803.60	+0.062%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0125%	8h	803.93	+0.103%	$502.8M	$817.7M	75x	as long as short
MEXC BNB_USDT	+0.0125%	8h	804.20	+0.137%	$83.6M	$13.5M	200x	as long as short
SoDEX BNB-USD	+0.0125%	1h	803.40	+0.037%	$395K	$1.0M	10x	as long as short
Phoenix BNB	+0.0127%	1h	803.03	−0.009%	$173K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	802.49	−0.077%	$71K	$49K	12x	as long as short
BloFin BNB-USDT	+0.0245%	8h	803.42	+0.040%	$18.2M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0247%	1h	803.83	+0.091%	$52.1M	$21.4M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	803.33	+0.029%	$1.1M	$1.4M	20x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	803.80	+0.087%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.248%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.060%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.71	−0.048%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0348%	1h	803.39	+0.036%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0376%	1h	803.92	+0.102%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0482%	1h	802.89	−0.026%	$162K	$62K	10x	as long as short