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% APRpaid last 24h 0.000%

Price spread now: edgeX against SunX+0.015%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$590.593% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.015%, 7d avg −0.007%

Together, before fees+0.071%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.023% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	788.33	0.0100	pay 0.0100% / 8h	3h 26m	$12K	$1.5M	50x
Short	edgeX BNBUSDC	788.44	0.0100	get 0.0050% / 4h	3h 26m	$4.1M	$73.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.007%: $2.25
Slippage, 4 orders: −$42.25
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$57
Costs to cover: 0.593%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; edgeX: live order book, 2 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, 8 min ago	15.06 bp	21.5 bp −$22	29.3 bp −$293	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	2.54 bp	7.0 bp −$7	7.0 bp −$70	10.6 bp −$1,061	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	787.81	−0.065%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.68	−0.082%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.95	−0.048%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.76	+0.055%	$851K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.80	−0.066%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0027%	8h	788.37	+0.006%	$6.1M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.127%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0040%	8h	787.94	−0.049%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0046%	8h	788.80	+0.060%	$80.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0046%	8h	788.32	−0.001%	$491.6M	$798.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0048%	8h	788.33	+0.001%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.245%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.66	+0.042%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0096%	1h	787.88	−0.056%	$159K	$64K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.01	−0.040%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.81	−0.065%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.65	−0.086%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.46	+0.017%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.12	−0.026%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.69	−0.081%	$138.6M	$73.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.70	−0.079%	$53.4M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.00	−0.041%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.75	−0.073%	$35.9M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.50	−0.105%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.71	−0.078%	$76.3M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.21	−0.015%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.21	−0.014%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	788.44	+0.015%	$4.1M	$73.7M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	788.63	+0.039%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.66	−0.084%	$130K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.92	−0.052%	$31K	$12K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	788.33	long leg	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	788.00	−0.041%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.16	−0.020%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.15	−0.022%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.47	−0.108%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.80	−0.067%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0125%	8h	788.30	−0.003%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0166%	8h	788.40	+0.010%	$18.0M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0174%	8h	788.73	+0.052%	$2.9M	$28.7M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.25	−0.009%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0219%	1h	788.52	+0.025%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.30	−0.003%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	787.54	−0.100%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	788.23	−0.012%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.12	−0.027%	$1.1M	$893K	20x	as long as short