BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h +0.092%

Price spread now: dYdX against Aevo−0.039%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$630.635% of the position

Long on Aevo Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.408%+$41 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.039%, 7d avg −0.009%

Together, before fees+0.466%+$47 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 dYdX is 0.030% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.009%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.408%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	786.21	0.0104	pay 0.0013% / 1h	7m 58s	$378K	$110K	10x
Short	dYdX BNB-USD	785.90	0.0079	get 0.0010% / 1h	7m 58s	$159K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$5.27
Price spread: −0.039% → −0.009%: −$2.99
Slippage, 4 orders: −$37.46
Fee Aevo: 8 bp × 2 orders: −$16
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$71.73
Costs to cover: 0.635%
Break-even: never at this rate

Slippage from Aevo: live order book, 46 min ago; dYdX: live order book, 46 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, 46 min ago	2.85 bp	14.7 bp −$15	20.1 bp −$201	31.6 bp −$3,158	doesn't fit
Sell dYdX live order book, 46 min ago	9.99 bp	17.2 bp −$17	55.0 bp −$550	113.1 bp −$11.3K	168.7 bp −$84.3K

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 −0.0192% / S +0.0356%	1h	786.01	−0.025%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0125%	1h	786.14	−0.009%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.09	−0.015%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.60	+0.050%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.52	+0.167%	$849K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.01	−0.025%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0021%	8h	786.76	+0.069%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDC	+0.0033%	8h	786.09	−0.015%	—	$13.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.402%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0041%	8h	787.40	+0.151%	$79.8M	$12.1M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0041%	8h	786.98	+0.098%	$489.9M	$804.0M	75x	as long as short
Phemex BNBUSDT	+0.0041%	8h	786.59	+0.048%	$68.8M	$50.7M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	788.00	+0.228%	$579K	$1.9M	50x	as long as short
dYdX BNB-USDshort	+0.0079%	1h	785.90	−0.039%	$159K	$61K	10x
Phoenix BNB	+0.0092%	1h	787.74	+0.195%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	786.14	−0.008%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.21	0.000%	$264K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.30	−0.116%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.77	+0.071%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.05	−0.020%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.20	−0.001%	$138.1M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.20	−0.001%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.00	−0.027%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.15	−0.008%	$36.1M	$58.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.92	−0.037%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.02	−0.024%	$76.1M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.79	+0.074%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	+0.101%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.75	+0.196%	$4.1M	$74.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.52	+0.167%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.64	−0.072%	$131K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.26	+0.006%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.38	+0.022%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.30	+0.012%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.92	−0.037%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.08	−0.016%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.14	−0.009%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	786.21	long leg	$378K	$110K	10x
BloFin BNB-USDT	+0.0161%	8h	786.39	+0.023%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0178%	8h	787.99	+0.227%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0201%	1h	787.88	+0.213%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	786.47	+0.033%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.61	+0.050%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	785.69	−0.066%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0431%	1h	786.02	−0.024%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	785.94	−0.034%	$67K	$39K	12x	as long as short