Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: edgeX against Aevo+0.037%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now +0.037%, 7d avg +0.059%

Together, before fees+0.116%+ Points / potential airdropedgeX: Active · farm board+$12 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: edgeX is 0.022% cheaper against Aevo than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	787.67	0.0104	pay 0.0013% / 1h	58m 56s	$378K	$110K	10x
Short	edgeX BNBUSDC	787.96	0.0100	get 0.0050% / 4h	1h 58m	$4.1M	$75.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$0.84
Price spread: +0.037% → +0.059%: −$2.16
Slippage, 4 orders: −$20.24
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$48.24
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from Aevo: live order book, 53 min ago; edgeX: live order book, 3 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, 53 min ago	5.73 bp	14.6 bp −$15	17.5 bp −$175	25.4 bp −$2,544	doesn't fit
Sell edgeX live order book, 3 min ago	2.54 bp	7.0 bp −$7	7.0 bp −$70	10.4 bp −$1,041	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	787.50	−0.021%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.52	−0.019%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	+0.053%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	788.24	+0.072%	$6.0M	$17.2M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.90	+0.030%	$2.9M	$26.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.00	+0.042%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.59	+0.117%	$850K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.65	−0.003%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0017%	8h	789.30	+0.207%	$83.4M	$11.7M	200x	as long as short
Binance BNBUSDT	+0.0017%	8h	788.16	+0.062%	$481.8M	$769.7M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.212%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0057%	8h	787.40	−0.034%	$138.6M	$67.6M	75x	as long as short
BloFin BNB-USDT	+0.0070%	8h	788.17	+0.064%	$18.4M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0091%	8h	788.08	+0.052%	$68.5M	$51.1M	50x	as long as short
Phoenix BNB	+0.0094%	1h	787.98	+0.039%	$158K	$44K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.75	+0.010%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.45	−0.028%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.20	+0.068%	$51.9M	$16.9M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.90	+0.029%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	−0.021%	$53.3M	$102.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.70	+0.004%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.55	−0.015%	$41.0M	$53.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.54	−0.016%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.57	−0.013%	$75.7M	$31.1M	75x	as long as short
BingX BNB-USDC	+0.0100%	8h	787.72	+0.006%	—	$13.4M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.00	+0.042%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.17	−0.064%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	787.96	+0.037%	$4.1M	$75.4M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	788.19	+0.066%	$159K	$444K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.50	−0.021%	$130K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.67	0.000%	$265K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.14	+0.060%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.80	+0.017%	$387K	$926K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	787.96	+0.038%	$1.5M	$157K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.75	+0.011%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.05	+0.049%	$78K	$336K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.29	−0.048%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	787.67	long leg	$378K	$110K	10x
Coinbase International BNB-PERP-INTX	+0.0120%	1h	788.03	+0.046%	$545K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.98	+0.039%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0277%	1h	788.58	+0.115%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	787.00	−0.085%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0328%	1h	787.99	+0.041%	$67K	$37K	12x	as long as short
dYdX BNB-USD	+0.0377%	1h	788.12	+0.057%	$158K	$34K	10x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.79	+0.016%	$1.1M	$901K	20x	as long as short