Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Aevo−0.024%52s7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$920.923% of the position

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.195%+$19 · spread now −0.024%, 7d avg −0.051%

Together, before fees+0.142%+$14 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: Bitget is 0.027% dearer against Aevo than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.051%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	788.21	0.0104	pay 0.0013% / 1h	44m 27s	$379K	$110K	10x
Short	Bitget BNBUSDT	788.02	0.0100	get 0.0100% / 8h	5h 44m	$76.8M	$30.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$0.84
Price spread: −0.024% → −0.051%: $2.75
Slippage, 4 orders: −$64.3
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$90.39
Costs to cover: 0.923%
Break-even: never at this rate

Slippage from Aevo: live order book, 20 min ago; Bitget: live order book, 5 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, 20 min ago	8.23 bp	35.1 bp −$35	42.0 bp −$420	68.1 bp −$6,810	doesn't fit
Sell Bitget live order book, 5 min ago	0.06 bp	7.3 bp −$7	9.5 bp −$95	19.9 bp −$1,987	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 −0.0167% / S +0.0335%	1h	787.82	−0.049%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.62	+0.053%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.83	+0.079%	$852K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	787.90	−0.038%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.142%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	788.83	+0.079%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	787.61	−0.076%	$617K	$1.8M	50x	as long as short
BingX BNB-USDC	+0.0055%	8h	788.27	+0.008%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0072%	8h	789.00	+0.101%	$80.2M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0072%	8h	788.63	+0.054%	$493.4M	$806.9M	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	+0.0075%	8h	788.89	+0.087%	$69.1M	$51.1M	50x	as long as short
Variational Omni BNB	+0.0078%	8h	787.81	−0.050%	$4.1M	$4.7M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.42	+0.027%	$2.5M	$1.2M	50x	as long as short
Gate BNB_USDT	+0.0095%	8h	787.95	−0.032%	$35.3M	$56.8M	75x	as long as short
Lighter BNB	+0.0096%	1h	788.57	+0.046%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.18	−0.003%	$265K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.05	−0.020%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.82	+0.078%	$51.7M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.45	+0.031%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.00	−0.026%	$138.6M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.00	−0.026%	$53.4M	$112.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.50	+0.037%	$52K	$130K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.06	−0.018%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDTshort	+0.0100%	8h	788.02	−0.024%	$76.8M	$30.0M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	788.87	+0.084%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.59	+0.049%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.14	+0.119%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.12	−0.011%	$137K	$944K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.61	+0.052%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.99	+0.100%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.38	+0.022%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.07	+0.110%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.84	−0.046%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	788.21	long leg	$379K	$110K	10x
Phoenix BNB	+0.0107%	1h	788.34	+0.017%	$169K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0122%	8h	788.59	+0.049%	$2.9M	$28.3M	10x	as long as short
SoDEX BNB-USD	+0.0151%	1h	788.50	+0.037%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0183%	8h	788.30	+0.012%	$89K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0192%	8h	789.08	+0.111%	—	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0247%	1h	788.26	+0.007%	$159K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	788.77	+0.072%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	787.90	−0.039%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.64	+0.055%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0373%	1h	788.05	−0.019%	$638K	$13K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	788.94	+0.094%	$1.5M	$152K	25x	as long as short
Hibachi BNB/USDT-P	+0.0576%	1h	788.28	+0.010%	$67K	$38K	12x	as long as short