Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.041%

Price spread now: Binance against StandX−0.106%47s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.316% of the position

Long on StandX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days+0.081%+$8 · spread now −0.106%, 7d avg −0.004%

Together, before fees+0.222%+ Points / potential airdropStandX: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.102% cheaper against StandX than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.004%). If the spread goes back, that is −$10 on $10k: about 3.6 days of funding at the current rate (+$3 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	799.47	0	get 0.0000% / 1h	55m 48s	$864K	$2.9M	30x
Short	Binance BNBUSDT	798.62	0.0094	get 0.0094% / 8h	7h 55m	$496.9M	$817.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against StandX. 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 StandXbpFee BinancebpOrdersPrice spread, now −0.106%Rate

Funding earned: $19.66
Price spread: −0.106% → −0.004%: −$10.21
Slippage, 4 orders: −$13.62
Fee StandX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.17
Costs to cover: 0.316%
Break-even: 14.9 days

Slippage from StandX: live order book, 3 min ago; Binance: live order book, 3 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 StandX live order book, 3 min ago	5.25 bp	10.0 bp −$10	12.9 bp −$129	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.06 bp	5.1 bp −$5	5.7 bp −$57	16.7 bp −$1,670	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	798.05	−0.178%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.28	−0.149%	$2.5M	$977K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.88	−0.074%	$4K	$239	25x	as long as short
Bybit BNBUSDT	−0.0009%	8h	797.80	−0.209%	$138.6M	$76.9M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.73	+0.032%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USDlong	0.0000%	1h	799.47	long leg	$864K	$2.9M	30x
Phemex BNBUSDT	0.0000%	8h	798.75	−0.090%	$69.9M	$50.7M	50x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.10	−0.171%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	798.14	−0.166%	$4.1M	$5.4M	—	as long as short
Gate BNB_USDT	+0.0021%	8h	798.15	−0.165%	$35.7M	$55.6M	75x	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	+0.703%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.68	−0.099%	$602K	$985K	50x	as long as short
Aster BNBUSDT	+0.0073%	8h	798.61	−0.108%	$6.2M	$19.3M	200x	as long as short
BingX BNB-USDC	+0.0077%	8h	798.76	−0.089%	—	$13.3M	—	as long as short
Binance BNBUSDTshort	+0.0094%	8h	798.62	−0.106%	$496.9M	$817.9M	75x
MEXC BNB_USDT	+0.0094%	8h	798.90	−0.071%	$83.0M	$13.5M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.28	−0.148%	$2.8M	$4.0M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.95	−0.190%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.23	−0.156%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.70	−0.221%	$54.3M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.20	−0.159%	$52K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.15	−0.165%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.66	−0.226%	$78.7M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.62	+0.019%	$4.2M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.37	−0.013%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.17	−0.163%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.06	−0.176%	$386K	$487K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.23	−0.155%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.68	−0.099%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.40	−0.134%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.48	−0.124%	$1.6M	$160K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.39	−0.135%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.74	−0.092%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.96	−0.189%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.46	−0.126%	$384K	$64K	10x	as long as short
Phoenix BNB	+0.0127%	1h	799.98	+0.064%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	799.05	−0.053%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	799.00	−0.059%	$90K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.61	−0.108%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0158%	1h	799.24	−0.029%	$649K	$14K	10x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	798.90	−0.071%	$28K	$1K	10x	as long as short
BloFin BNB-USDT	+0.0215%	8h	799.13	−0.043%	$18.1M	$2.5M	75x	as long as short
dYdX BNB-USD	+0.0275%	1h	798.21	−0.158%	$161K	$63K	10x	as long as short
Hyperliquid BNB	+0.0292%	1h	799.01	−0.058%	$52.5M	$20.8M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0299%	1h	799.08	−0.049%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.72	−0.219%	$6K	$3K	40x	as long as short