Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Extended against Aevo−0.059%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Aevo Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 3 days (all we have)+0.114%+$11 · spread now −0.059%, 7d avg −0.066%

Together, before fees+0.086%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	802.83	0.0104	pay 0.0013% / 1h	47m 29s	$386K	$40K	10x
Short	Extended BNB-USD	802.36	0.0104	get 0.0013% / 1h	47m 29s	$1.9M	$6.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → −0.066%: $0.71
Slippage, 4 orders: −$14.78
Fee Aevo: 8 bp × 2 orders: −$16
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$35.06
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from Aevo: live order book, 41 min ago; Extended: live order book, 1 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, 41 min ago	3.11 bp	14.7 bp −$15	21.1 bp −$211	23.6 bp −$2,355	doesn't fit
Sell Extended live order book, 1 min ago	0.06 bp	4.4 bp −$4	6.0 bp −$60	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	802.58	−0.032%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.06	+0.028%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.69	−0.018%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.30	+0.058%	$116K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.32	+0.061%	$868K	$3.0M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	803.13	+0.037%	$1.6M	$167K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.61	−0.028%	$9.7M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.89	+0.007%	$2.5M	$916K	50x	as long as short
Variational Omni BNB	+0.0063%	8h	802.15	−0.085%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0068%	8h	802.74	−0.012%	—	$34.5M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0086%	8h	803.22	+0.048%	$6.4M	$18.9M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.144%	$608K	$890K	50x	as long as short
Bybit BNBUSDT	+0.0094%	8h	802.03	−0.100%	$138.7M	$82.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.79	−0.006%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.43	−0.051%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.88	+0.006%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.50	−0.042%	$54.9M	$115.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.70	−0.017%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.45	−0.048%	$35.9M	$58.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.55	−0.035%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.35	−0.060%	$78.9M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.91	+0.010%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.32	+0.061%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.58	−0.032%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.72	−0.014%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.85	+0.002%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.12	+0.035%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.70	−0.017%	$395K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.37	−0.058%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.45	+0.076%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0101%	8h	803.70	+0.108%	$84.3M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	803.32	+0.061%	$518.2M	$804.3M	75x	as long as short
Extended BNB-USDshort	+0.0104%	1h	802.36	−0.059%	$1.9M	$6.1M	50x
Aevo BNB-PERPlong	+0.0104%	1h	802.83	long leg	$386K	$40K	10x
Phemex BNBUSDT	+0.0121%	8h	803.10	+0.033%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	802.78	−0.007%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.077%	$649K	$11K	10x	as long as short
Hyperliquid BNB	+0.0162%	1h	803.34	+0.063%	$51.6M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.05	+0.027%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0209%	1h	802.35	−0.060%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	802.79	−0.005%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.53	−0.038%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.48	+0.081%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.43	−0.050%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.260%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0698%	1h	803.87	+0.129%	$3.0M	$5.3M	40x	as long as short