BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%

Price spread now: Coinbase International against Aevo+0.148%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 3 days (all we have)−0.167%−$17 · spread now +0.148%, 7d avg −0.026%

Together, before fees−0.293%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.174% dearer against Aevo than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of −0.026%): +$17 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 36 days. At the pace of the last 7 days (−0.126% in total) that is about 9.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	802.81	0.0104	pay 0.0013% / 1h	45m 42s	$386K	$40K	10x
Short	Coinbase International BNB-PERP-INTX	803.99	0.0088	get 0.0011% / 1h	45m 42s	$608K	$888K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$3.36
Price spread: +0.148% → −0.026%: $17.39
Slippage, 4 orders: −$20.38
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$32.35
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Aevo: live order book, 43 min ago; Coinbase International: live order book, 42 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, 43 min ago	3.11 bp	14.7 bp −$15	21.1 bp −$211	23.6 bp −$2,355	doesn't fit
Sell Coinbase International live order book, 42 min ago	3.05 bp	8.6 bp −$9	14.0 bp −$140	doesn't fit	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 −0.0195% / S +0.0371%	1h	802.73	−0.009%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.36	+0.069%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.69	−0.014%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.30	+0.062%	$116K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.32	+0.064%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.78	−0.003%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.66	−0.018%	$2.5M	$909K	50x	as long as short
Variational Omni BNB	+0.0063%	8h	802.15	−0.081%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0068%	8h	802.55	−0.032%	—	$34.6M	—	as long as short
Aster BNBUSDT	+0.0086%	8h	803.23	+0.053%	$6.3M	$18.8M	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-INTXshort	+0.0088%	1h	803.99	+0.148%	$608K	$888K	50x
Bybit BNBUSDT	+0.0089%	8h	802.00	−0.100%	$138.7M	$82.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.78	−0.003%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.63	−0.022%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.76	−0.006%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.30	−0.063%	$54.9M	$115.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.80	−0.001%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.45	−0.044%	$35.9M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.39	−0.052%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.14	−0.083%	$78.9M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.91	+0.014%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.32	+0.064%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.74	−0.008%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.65	−0.019%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.76	−0.005%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.51	+0.088%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.70	−0.013%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.06	+0.032%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.95	+0.018%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.27	+0.059%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.50	+0.087%	$84.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	803.16	+0.044%	$518.1M	$803.7M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.15	−0.081%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	802.81	long leg	$386K	$40K	10x
Phemex BNBUSDT	+0.0120%	8h	803.19	+0.048%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	802.78	−0.003%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0157%	1h	803.16	+0.044%	$51.6M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.080%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	802.89	+0.010%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.39	+0.073%	$18.8M	$3.0M	75x	as long as short
dYdX BNB-USD	+0.0222%	1h	803.00	+0.024%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	802.79	−0.002%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.69	+0.110%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.52	−0.035%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.263%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0697%	1h	803.57	+0.095%	$3.0M	$5.3M	40x	as long as short