BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.24 per $10,000 · paid last 24h +0.016%

Price spread now: Deribit against Aevo+0.026%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$800.803% of the position

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now +0.026%, 7d avg +0.033%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	802.53	0.0104	pay 0.0013% / 1h	57m 12s	$386K	$40K	10x
Short	Deribit BNB_USDC-PERPETUAL	802.74	0.0300	get 0.0037% / 1h	57m 12s	$1.6M	$165K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.026%Rate

Funding earned: $41.16
Price spread: +0.026% → +0.033%: −$0.64
Slippage, 4 orders: −$57.27
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$39.75
Costs to cover: 0.803%
Break-even: 13.8 days

Slippage from Aevo: live order book, 22 min ago; Deribit: live order book, 2 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, 22 min ago	11.55 bp	37.7 bp −$38	44.4 bp −$444	65.8 bp −$6,583	doesn't fit
Sell Deribit live order book, 2 min ago	2.56 bp	10.0 bp −$10	14.8 bp −$148	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 −0.0201% / S +0.0372%	1h	802.22	−0.038%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.34	−0.023%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.20	−0.041%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	−0.191%	$3.0M	$28.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.02	+0.062%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.23	−0.037%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	800.04	−0.309%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	802.28	−0.031%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	801.80	−0.090%	$139.3M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.225%	$607K	$998K	50x	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	802.40	−0.015%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.67	−0.107%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.08	−0.055%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.90	−0.078%	$54.8M	$113.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.30	−0.028%	$53K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.95	−0.072%	$35.8M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.73	−0.099%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.92	−0.075%	$79.8M	$27.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.60	−0.116%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.48	−0.130%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.00	−0.065%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.26	−0.033%	$388K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.43	−0.012%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.93	+0.050%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.16	−0.045%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.55	+0.003%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0101%	8h	802.87	+0.043%	$6.4M	$18.9M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.78	−0.093%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	802.53	long leg	$386K	$40K	10x
Phemex BNBUSDT	+0.0114%	8h	802.81	+0.036%	$70.2M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	802.40	−0.016%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0120%	8h	803.00	+0.059%	$83.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0122%	8h	802.88	+0.044%	$502.4M	$819.3M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.77	−0.219%	$172K	$34K	10x	as long as short
BloFin BNB-USDT	+0.0242%	8h	802.83	+0.038%	$18.2M	$2.5M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	801.96	−0.070%	$71K	$49K	12x	as long as short
SoDEX BNB-USD	+0.0254%	1h	802.30	−0.028%	$394K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.09	−0.055%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.171%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0300%	1h	802.74	+0.026%	$1.6M	$165K	25x
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.320%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.71	−0.101%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0343%	1h	802.82	+0.037%	$51.9M	$21.6M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0431%	1h	802.42	−0.013%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	802.89	+0.045%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0465%	1h	802.23	−0.037%	$162K	$62K	10x	as long as short