Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0071%/8h= −7.7% APRpaid last 24h 0.000%

Price spread now: Aster against Aevo+0.052%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now +0.052%, 7d avg +0.071%

Together, before fees+0.039%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	788.02	0.0104	pay 0.0013% / 1h	4m 48s	$379K	$110K	10x
Short	Aster BNBUSDT	788.44	0.0033	get 0.0033% / 8h	4h 04m	$6.1M	$18.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$14.86
Price spread: +0.052% → +0.071%: −$1.86
Slippage, 4 orders: −$12.27
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$52.99
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Aevo: live order book, 54 min ago; Aster: live order book, 4 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 Aevo live order book, 54 min ago	2.84 bp	13.5 bp −$14	19.4 bp −$194	23.9 bp −$2,391	doesn't fit
Sell Aster live order book, 4 min ago	0.70 bp	4.8 bp −$5	4.8 bp −$48	17.0 bp −$1,700	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 −0.0189% / S +0.0354%	1h	787.87	−0.019%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.33	+0.039%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.68	+0.083%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.89	−0.017%	$9.5M	—	150x	as long as short
Aster BNBUSDTshort	+0.0033%	8h	788.44	+0.052%	$6.1M	$18.7M	200x
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.166%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0046%	8h	788.06	+0.005%	—	$34.4M	—	as long as short
MEXC BNB_USDT	+0.0057%	8h	788.80	+0.098%	$80.0M	$12.4M	200x	as long as short
Phemex BNBUSDT	+0.0057%	8h	788.52	+0.063%	$69.0M	$50.2M	50x	as long as short
Binance BNBUSDT	+0.0057%	8h	788.58	+0.070%	$492.2M	$790.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.181%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.14	+0.015%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.99	−0.004%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.75	−0.035%	$1.5M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.52	+0.063%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.15	+0.016%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.72	−0.039%	$138.6M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.90	−0.016%	$53.3M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.20	+0.022%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.95	−0.009%	$35.5M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.82	−0.026%	$28.0M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.62	−0.051%	$76.3M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.45	+0.054%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.040%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.58	+0.071%	$4.1M	$73.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.72	+0.088%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.73	−0.037%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.03	+0.001%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.36	+0.043%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.00	−0.003%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.74	−0.037%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.37	+0.044%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.49	−0.068%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	788.02	long leg	$379K	$110K	10x
Phoenix BNB	+0.0117%	1h	788.48	+0.058%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0119%	1h	787.86	−0.021%	$159K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0154%	8h	788.72	+0.088%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	788.50	+0.060%	$132K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0177%	8h	788.55	+0.067%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	789.05	+0.130%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	788.44	+0.053%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0264%	1h	787.85	−0.022%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.37	+0.043%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	787.60	−0.053%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0368%	1h	788.20	+0.022%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	788.30	+0.035%	$1.1M	$967K	20x	as long as short