Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against SunX−0.098%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.098%, 7d avg −0.104%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	787.27	0.0100	pay 0.0100% / 8h	3h 02m	$12K	$1.5M	50x
Short	Bybit BNBUSDT	786.50	0.0100	get 0.0100% / 8h	3h 02m	$138.2M	$74.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee SunXbpFee BybitbpOrdersPrice spread, now −0.098%Rate

Funding earned: $0
Price spread: −0.098% → −0.104%: $0.58
Slippage, 4 orders: −$40.07
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$58.49
Costs to cover: 0.591%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Bybit: live order book, 1 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 SunX live order book, 12 min ago	15.07 bp	22.2 bp −$22	29.8 bp −$298	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.63 bp	7.0 bp −$7	9.7 bp −$97	23.7 bp −$2,370	102.4 bp −$51.2K

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	786.54	−0.093%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	786.72	−0.069%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.07	−0.026%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.50	+0.029%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.43	+0.147%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.62	−0.083%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0023%	8h	787.24	−0.003%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDC	+0.0033%	8h	787.25	−0.003%	—	$13.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.263%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0044%	8h	787.50	+0.029%	$79.8M	$12.1M	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	+0.0044%	8h	787.25	−0.003%	$490.0M	$804.2M	75x	as long as short
Phemex BNBUSDT	+0.0047%	8h	787.27	0.000%	$68.9M	$50.7M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.21	−0.008%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0075%	1h	787.22	−0.007%	$159K	$62K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.46	+0.024%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	786.79	−0.061%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.71	−0.071%	$265K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.75	−0.066%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.18	−0.012%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.85	−0.053%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDTshort	+0.0100%	8h	786.50	−0.098%	$138.2M	$74.1M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	786.50	−0.098%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	−0.060%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.50	−0.098%	$36.2M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.48	−0.100%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.34	−0.118%	$76.1M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.13	−0.018%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.11	−0.020%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.75	+0.061%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.00	−0.034%	$158K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.53	−0.094%	$131K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.75	−0.067%	$31K	$12K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	787.27	long leg	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	786.90	−0.047%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.57	−0.089%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.06	−0.027%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.20	−0.137%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.71	−0.072%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0164%	8h	787.38	+0.014%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0185%	8h	787.96	+0.088%	$2.9M	$28.9M	10x	as long as short
Bulk BNB-USD	+0.0223%	1h	788.23	+0.122%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.30	+0.004%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.08	−0.024%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.40	−0.110%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0431%	1h	786.88	−0.050%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	787.70	+0.054%	$67K	$39K	12x	as long as short