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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0137%/8h= +15.1% APRnext payment +$1.37 per $10,000 · paid last 24h +0.047%
Price spread now: BloFin against SunX−0.034%55s7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$600.596% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.150%+$15 on $10k
Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.034%, 7d avg +0.010%
Together, before fees+0.204%+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.044% cheaper against SunX than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.010%). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$4 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BNB-USDT800.770.0100pay 0.0100% / 8h1h 14m$13K$1.7M50x
ShortBloFin BNB-USDT800.500.0237get 0.0237% / 8h1h 14m$18.3M$2.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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
$28.87
Price spread: −0.034% → +0.010%
−$4.4
Slippage, 4 orders
−$39.59
Fee SunX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$35.11
Costs to cover
0.596%
Break-even
15.5 days
Slippage from SunX: live order book, 11 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 11 min ago15.06 bp23.6 bp −$2438.8 bp −$388doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago0.06 bp6.1 bp −$67.5 bp −$7515.6 bp −$1,556doesn't fit

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%1h800.09−0.084%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h800.55−0.027%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h800.94+0.021%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h800.90+0.016%$147K$2.8M4.8xas long as short
StandX BNB-USD0.0000%1h800.90+0.016%$866K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h800.17−0.075%$9.7M150xas long as short
Variational Omni BNB+0.0035%8h799.95−0.102%$4.1M$5.3Mas long as short
BingX BNB-USDT+0.0059%8h800.17−0.075%$34.9Mas long as short
Bybit BNBUSDT+0.0069%8h799.73−0.130%$139.2M$79.8M75xas long as short
Lighter BNB+0.0096%1h800.47−0.038%$2.8M$4.2M20xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0096%1h801.17+0.050%$610K$995K50xas long as short
Aster BNBUSDT+0.0097%8h800.75−0.002%$6.3M$19.0M200xas long as short
Nado BNB-PERP+0.0100%1h799.87−0.113%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h800.38−0.049%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h799.90−0.109%$54.6M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h800.50−0.034%$53K$151K10xas long as short
Gate BNB_USDT+0.0100%8h799.90−0.109%$35.7M$58.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h799.99−0.097%$28.0M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h799.87−0.112%$80.9M$26.6M75xas long as short
edgeX BNBUSDC+0.0100%4h801.22+0.056%$4.2M$77.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h800.94+0.021%$161K$443K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h800.11−0.082%$121K$877K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h800.14−0.079%$387K$527K50xas long as short
Derive BNB-PERP+0.0100%1h800.31−0.057%$32K$5K10xas long as short
SunX BNB-USDTlong+0.0100%8h800.77long leg$13K$1.7M50x
SoDEX BNB-USD+0.0100%1h800.30−0.059%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h800.55−0.027%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h800.76−0.002%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h799.68−0.136%$1.8M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h800.20−0.071%$384K$40K10xas long as short
Binance BNBUSDT+0.0117%8h800.79+0.002%$503.0M$817.9M75xas long as short
MEXC BNB_USDT+0.0117%8h801.30+0.066%$83.3M$13.8M200xas long as short
Phemex BNBUSDT+0.0119%8h800.73−0.005%$70.0M$51.8M50xas long as short
Phoenix BNB+0.0155%1h801.63+0.107%$172K$35K10xas long as short
Hibachi BNB/USDT-P+0.0192%1h800.13−0.081%$71K$48K12xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h800.54−0.028%$1.6M$165K25xas long as short
Kraken Futures PF_BNBUSD+0.0207%1h800.11−0.083%$2.6M$971K50xas long as short
BloFin BNB-USDTshort+0.0237%8h800.50−0.034%$18.3M$2.5M75x
Injective BNB/USDC PERP+0.0311%1h805.09+0.539%$19K$789K30xas long as short
dYdX BNB-USD+0.0314%1h799.94−0.104%$161K$62K10xas long as short
Bulk BNB-USD+0.0314%1h802.70+0.241%$652K$21K10xas long as short
Hyperliquid BNB+0.0318%1h801.12+0.044%$51.8M$21.9M10xas long as short
RISEx BNB/USDC+0.0318%1h800.37−0.050%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0320%1h800.86+0.011%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0332%1h799.76−0.127%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0588%1h801.02+0.031%$2.7M$5.7M40xas long as short