BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.060%

Price spread now: Bulk against Aevo+0.128%7-day average +0.090% · 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−$32as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Aevo Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.218%+$22 on $10k

Price spread, last 3 days (all we have)+0.247%+$25 · spread now +0.128%, 7d avg +0.090%

Together, before fees+0.464%+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bulk is 0.038% dearer against Aevo than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	804.06	0.0104	pay 0.0013% / 1h	56m 50s	$386K	$40K	10x
Short	Bulk BNB-USD	805.09	0.0140	get 0.0018% / 1h	56m 50s	$650K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.128%Rate

Funding earned: $7.58
Price spread: +0.128% → +0.090%: $3.82
Slippage, 4 orders: −$12.7
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$24.3
Costs to cover: 0.357%
Break-even: 29.5 days

Slippage from Aevo: live order book, 32 min ago; Bulk: live order book, 32 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, 32 min ago	3.11 bp	14.7 bp −$15	21.1 bp −$211	23.6 bp −$2,355	doesn't fit
Sell Bulk live order book, 32 min ago	0.31 bp	3.9 bp −$4	4.8 bp −$48	10.1 bp −$1,012	20.1 bp −$10.0K

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	803.78	−0.034%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.90	+0.105%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.27	+0.151%	$3.0M	$30.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.00	−0.007%	$109K	$2.6M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.53	+0.059%	$870K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.83	−0.029%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.88	−0.022%	$2.5M	$916K	50x	as long as short
Variational Omni BNB	+0.0067%	8h	804.96	+0.113%	$4.1M	$5.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.24	+0.147%	$609K	$900K	50x	as long as short
Aster BNBUSDT	+0.0089%	8h	804.33	+0.034%	$6.4M	$19.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	804.01	−0.005%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.50	−0.069%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.93	−0.016%	$1.2M	$923K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	803.38	−0.084%	$139.1M	$83.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.70	−0.044%	$55.0M	$115.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.90	−0.020%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	803.60	−0.057%	$35.9M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.85	−0.026%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.46	−0.074%	$79.1M	$24.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.56	+0.187%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.39	+0.166%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.85	−0.026%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.90	−0.020%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.07	+0.002%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.12	+0.008%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	803.90	−0.020%	$395K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.94	−0.014%	$8.2M	$7.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.26	+0.026%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	805.00	+0.117%	$84.5M	$13.5M	200x	as long as short
BingX BNB-USDT	+0.0102%	8h	803.82	−0.029%	—	$34.5M	—	as long as short
Binance BNBUSDT	+0.0102%	8h	804.45	+0.049%	$519.1M	$809.7M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	803.59	−0.058%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	804.06	long leg	$386K	$40K	10x
Phoenix BNB	+0.0110%	1h	805.11	+0.131%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	804.46	+0.050%	$70.2M	$51.7M	50x	as long as short
Bulk BNB-USDshort	+0.0140%	1h	805.09	+0.128%	$650K	$11K	10x
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.37	+0.039%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0208%	1h	803.90	−0.020%	$170K	$55K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.07	+0.001%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0220%	1h	804.54	+0.060%	$51.7M	$21.4M	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	804.51	+0.056%	$18.9M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	804.46	+0.051%	$71K	$49K	12x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	804.40	+0.043%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	803.64	−0.052%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.107%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0647%	1h	805.00	+0.117%	$3.0M	$5.3M	40x	as long as short