Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.025%

Price spread now: GRVT against Aevo+0.091%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Aevo Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 3 days (all we have)+0.305%+$31 · spread now +0.091%, 7d avg +0.077%

Together, before fees+0.274%+ Points / potential airdropGRVT: Active · farm board+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.077%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	802.35	0.0104	pay 0.0013% / 1h	49m 09s	$385K	$40K	10x
Short	GRVT BNB_USDT_Perp	803.08	0	get 0.0000% / 8h	2h 49m	$3.0M	$30.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$21.84
Price spread: +0.091% → +0.077%: $1.42
Slippage, 4 orders: −$12.34
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$57.77
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Aevo: live order book, 40 min ago; GRVT: live order book, 5 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, 40 min ago	3.11 bp	14.7 bp −$15	21.1 bp −$211	23.6 bp −$2,355	doesn't fit
Sell GRVT live order book, 5 min ago	0.06 bp	4.8 bp −$5	5.4 bp −$54	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	802.28	−0.008%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.82	+0.059%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perpshort	0.0000%	8h	803.08	+0.091%	$3.0M	$30.0M	10x
Kalshi KXBNBPERP	0.0000%	8h	802.90	+0.069%	$109K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.33	+0.122%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.22	−0.017%	$9.7M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.31	−0.005%	$2.5M	$916K	50x	as long as short
Variational Omni BNB	+0.0063%	8h	802.15	−0.024%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0070%	8h	802.33	−0.002%	—	$13.3M	—	as long as short
Aster BNBUSDT	+0.0086%	8h	802.79	+0.055%	$6.4M	$18.9M	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-INTX	+0.0088%	1h	803.99	+0.205%	$608K	$898K	50x	as long as short
Lighter BNB	+0.0096%	1h	802.32	−0.004%	$2.8M	$4.2M	20x	as long as short
Bybit BNBUSDT	+0.0098%	8h	801.72	−0.078%	$138.8M	$83.5M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.89	−0.057%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.46	+0.014%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.00	−0.043%	$54.9M	$115.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.50	+0.019%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.90	−0.056%	$35.9M	$58.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.06	−0.036%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.73	−0.077%	$78.9M	$24.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.76	+0.176%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.32	+0.121%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.18	−0.021%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.21	−0.017%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.42	+0.009%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.83	+0.060%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.30	−0.006%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	802.72	+0.046%	$1.6M	$162K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.58	+0.029%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.90	+0.069%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.30	+0.119%	$84.3M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	802.73	+0.048%	$517.8M	$807.3M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	801.82	−0.066%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	802.35	long leg	$385K	$40K	10x
Phemex BNBUSDT	+0.0123%	8h	802.78	+0.054%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.11	+0.095%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0159%	1h	802.81	+0.058%	$51.5M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.137%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	802.63	+0.035%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0216%	1h	802.35	0.000%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	802.79	+0.055%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.79	+0.055%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	802.94	+0.074%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	801.97	−0.047%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.321%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0682%	1h	803.45	+0.137%	$3.0M	$5.3M	40x	as long as short