Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.001%

Price spread now: BingX against Aevo−0.027%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Aevo Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 3 days (all we have)+0.260%+$26 · spread now −0.027%, 7d avg +0.008%

Together, before fees+0.212%+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.034% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	803.04	0.0104	pay 0.0013% / 1h	52m 52s	$386K	$40K	10x
Short	BingX BNB-USDT	802.83	0.0070	get 0.0070% / 8h	2h 52m	—	$34.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$7.14
Price spread: −0.027% → +0.008%: −$3.41
Slippage, 4 orders: −$12.7
Fee Aevo: 8 bp × 2 orders: −$16
Fee BingX: 5 bp × 2 orders: −$10
Net: −$49.25
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from Aevo: live order book, 36 min ago; BingX: live order book, 16 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, 36 min ago	3.11 bp	14.7 bp −$15	21.1 bp −$211	23.6 bp −$2,355	doesn't fit
Sell BingX live order book, 16 min ago	0.12 bp	5.1 bp −$5	5.2 bp −$52	10.5 bp −$1,054	27.7 bp −$13.9K

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 −0.0195% / S +0.0371%	1h	803.20	+0.019%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.07	+0.003%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.43	+0.172%	$3.0M	$30.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.80	+0.094%	$110K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.20	+0.019%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.27	+0.029%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.07	+0.004%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0068%	8h	803.35	+0.038%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDTshort	+0.0070%	8h	802.83	−0.027%	—	$34.5M	—
Aster BNBUSDT	+0.0087%	8h	803.65	+0.075%	$6.3M	$18.9M	200x	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	+0.0088%	1h	803.99	+0.118%	$608K	$899K	50x	as long as short
Lighter BNB	+0.0096%	1h	803.28	+0.030%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.76	−0.036%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.10	+0.007%	$1.2M	$923K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	802.30	−0.093%	$138.9M	$83.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.00	−0.005%	$55.0M	$115.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.50	+0.057%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.80	−0.030%	$35.9M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.92	−0.015%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.72	−0.040%	$79.0M	$24.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.47	+0.178%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.95	+0.113%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.20	+0.019%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.05	+0.001%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.26	+0.027%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.97	+0.115%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	803.10	+0.007%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.57	+0.066%	$1.6M	$162K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.03	−0.002%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.76	+0.089%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.80	+0.094%	$84.3M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	803.37	+0.040%	$518.2M	$807.5M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.70	−0.043%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	803.04	long leg	$386K	$40K	10x
Phemex BNBUSDT	+0.0121%	8h	803.66	+0.077%	$70.1M	$51.9M	50x	as long as short
Phoenix BNB	+0.0125%	1h	805.11	+0.257%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0140%	1h	805.09	+0.254%	$650K	$11K	10x	as long as short
dYdX BNB-USD	+0.0172%	1h	803.01	−0.004%	$170K	$55K	10x	as long as short
Hyperliquid BNB	+0.0189%	1h	803.72	+0.084%	$51.6M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.67	+0.077%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.74	+0.087%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.12	+0.009%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	804.35	+0.163%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	803.06	+0.002%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.234%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0666%	1h	804.22	+0.146%	$3.0M	$5.3M	40x	as long as short