Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.068%

Price spread now: BloFin against StandX−0.053%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on StandX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.376%+$38 on $10k

Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.053%, 7d avg +0.033%

Together, before fees+0.392%+ Points / potential airdropStandX: Active · farm board+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.086% cheaper against StandX than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.033%). If the spread goes back, that is −$9 on $10k: about 34 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	799.70	0	get 0.0000% / 1h	27m 13s	$864K	$2.9M	30x
Short	BloFin BNB-USDT	799.28	0.0201	get 0.0201% / 8h	7h 27m	$18.1M	$2.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.053%Rate

Funding earned: $42.28
Price spread: −0.053% → +0.033%: −$8.6
Slippage, 4 orders: −$12.94
Fee StandX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $0.74
Costs to cover: 0.329%
Break-even: 6.9 days

Slippage from StandX: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago	5.12 bp	9.9 bp −$10	13.2 bp −$132	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	0.19 bp	6.2 bp −$6	6.5 bp −$65	13.6 bp −$1,357	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	798.72	−0.122%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.69	−0.126%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.51	−0.024%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0028%	8h	799.36	−0.043%	—	$13.3M	—	as long as short
Bybit BNBUSDT	−0.0014%	8h	798.50	−0.150%	$138.7M	$75.5M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.48	−0.028%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USDlong	0.0000%	1h	799.70	long leg	$864K	$2.9M	30x
Gate BNB_USDT	+0.0001%	8h	798.65	−0.131%	$35.8M	$56.4M	75x	as long as short
Variational Omni BNB	+0.0003%	8h	798.43	−0.159%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.83	−0.109%	$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
Phemex BNBUSDT	+0.0020%	8h	799.44	−0.033%	$69.8M	$50.2M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.674%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.12	−0.073%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0060%	8h	799.29	−0.051%	$6.2M	$19.2M	200x	as long as short
Binance BNBUSDT	+0.0081%	8h	799.26	−0.055%	$495.9M	$809.5M	75x	as long as short
MEXC BNB_USDT	+0.0082%	8h	799.80	+0.013%	$83.2M	$13.6M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.96	−0.092%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.91	−0.099%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.61	−0.137%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.10	−0.075%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.60	−0.138%	$54.3M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.20	−0.063%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.90	−0.100%	$27.9M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.48	−0.153%	$78.8M	$27.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.99	−0.088%	$4.2M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.82	−0.110%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.89	−0.101%	$117K	$878K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.74	−0.120%	$386K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.85	−0.106%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.26	−0.055%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.90	−0.100%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.70	−0.126%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.53	−0.021%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.38	−0.165%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.73	−0.121%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	−0.053%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.96	−0.093%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0155%	8h	799.40	−0.038%	$90K	$2.8M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0200%	1h	799.61	−0.011%	$69K	$38K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.17	−0.066%	$1.6M	$161K	25x	as long as short
BloFin BNB-USDTshort	+0.0201%	8h	799.28	−0.053%	$18.1M	$2.6M	75x
01 Exchange BNBUSD	+0.0208%	1h	799.57	−0.016%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0225%	1h	799.33	−0.047%	$161K	$63K	10x	as long as short
Hyperliquid BNB	+0.0307%	1h	799.84	+0.018%	$53.2M	$20.7M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.56	−0.142%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0394%	1h	800.10	+0.050%	$2.7M	$5.7M	40x	as long as short