Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: SoDEX against SunX+0.016%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.016%, 7d avg −0.057%

Together, before fees−0.028%−$3 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: SoDEX is 0.072% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	786.78	0.0100	pay 0.0100% / 8h	1h 00m	$12K	$1.5M	50x
Short	SoDEX BNB-USD	786.90	0.0100	get 0.0013% / 1h	0m 01s	$387K	$976K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.057%: $7.22
Slippage, 4 orders: −$40.82
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$49.6
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; SoDEX: live order book, 54 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, 5 min ago	15.07 bp	23.5 bp −$23	38.3 bp −$383	doesn't fit	doesn't fit
Sell SoDEX live order book, 54 min ago	0.63 bp	5.3 bp −$5	9.2 bp −$92	82.3 bp −$8,232	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 −0.0170% / S +0.0337%	1h	786.71	−0.008%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.78	0.000%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.83	+0.134%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.71	−0.009%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.328%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0046%	8h	786.82	+0.005%	—	$22.4M	—	as long as short
Aster BNBUSDT	+0.0048%	8h	787.10	+0.041%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0057%	8h	787.80	+0.130%	$81.0M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0057%	8h	787.09	+0.040%	$489.2M	$821.5M	75x	as long as short
dYdX BNB-USD	+0.0065%	1h	786.64	−0.017%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	787.38	+0.077%	$68.8M	$51.4M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.43	+0.083%	$564K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.93	+0.020%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.05	−0.092%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.26	+0.061%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.50	−0.035%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.40	−0.048%	$138.4M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.40	−0.048%	$53.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	−0.010%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.65	−0.016%	$38.0M	$59.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.51	−0.034%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.33	−0.057%	$76.7M	$31.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.15	+0.047%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−0.110%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.27	+0.063%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.69	+0.116%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.60	−0.022%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.78	0.000%	$265K	$454K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.05	+0.035%	$31K	$12K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	786.78	long leg	$12K	$1.5M	50x
SoDEX BNB-USDshort	+0.0100%	1h	786.90	+0.016%	$387K	$976K	10x
HTX BNB-USDT	+0.0100%	8h	786.64	−0.018%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.89	+0.015%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.13	−0.082%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.79	+0.001%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	787.00	+0.028%	$171K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.76	+0.125%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	786.92	+0.018%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.22	+0.057%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.71	−0.009%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0227%	8h	787.38	+0.077%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0230%	1h	786.88	+0.013%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.10	+0.041%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.41	−0.047%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.76	−0.002%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	786.61	−0.022%	$67K	$39K	12x	as long as short