Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against StandX+0.037%48s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as 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−$650.653% of the position

Long on StandX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.037%, 7d avg +0.022%

Together, before fees+0.084%+ Points / potential airdropStandX: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 48 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	788.56	0	get 0.0000% / 1h	19m 28s	$850K	$3.1M	30x
Short	SunX BNB-USDT	788.85	0.0100	get 0.0100% / 8h	3h 19m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $21
Price spread: +0.037% → +0.022%: $1.52
Slippage, 4 orders: −$49.32
Fee StandX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$42.8
Costs to cover: 0.653%
Break-even: 21.3 days

Slippage from StandX: live order book, 4 min ago; SunX: live order book, 5 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, 4 min ago	4.57 bp	8.9 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	15.07 bp	23.5 bp −$23	30.8 bp −$308	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 −0.0192% / S +0.0356%	1h	788.21	−0.044%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	788.08	−0.061%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.93	−0.080%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.90	+0.043%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USDlong	0.0000%	1h	788.56	long leg	$850K	$3.1M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.26	−0.038%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0023%	8h	788.33	−0.029%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.096%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0036%	8h	787.73	−0.105%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0042%	8h	788.40	−0.020%	$79.9M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0043%	8h	788.27	−0.037%	$491.4M	$800.8M	75x	as long as short
Phemex BNBUSDT	+0.0044%	8h	788.62	+0.008%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.19	−0.174%	$588K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0091%	1h	787.87	−0.088%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	788.22	−0.043%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.91	−0.082%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.33	−0.029%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.45	−0.141%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.48	−0.010%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.88	−0.086%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.55	−0.128%	$138.6M	$73.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.40	−0.147%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.90	−0.084%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.55	−0.128%	$36.0M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.69	−0.110%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.31	−0.159%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.34	−0.028%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.41	−0.146%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.05	−0.065%	$4.1M	$74.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.86	−0.089%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.57	−0.126%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.40	−0.020%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	788.85	+0.037%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	788.30	−0.033%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.16	−0.050%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.90	−0.084%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.23	−0.168%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.29	−0.035%	$379K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0163%	8h	788.23	−0.042%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0175%	8h	788.39	−0.022%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	−0.035%	$638K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.28	−0.036%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.77	+0.027%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.30	−0.159%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	787.79	−0.097%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.00	−0.070%	$1.1M	$893K	20x	as long as short