Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: KuCoin against Aevo−0.179%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$960.964% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.041%−$4 on $10k
Price spread, last 3 days (all we have)+0.216%+$22 · spread now −0.179%, 7d avg −0.022%
Together, before fees+0.175%+$17 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: KuCoin is 0.157% cheaper against Aevo than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BNB-PERP802.540.0104pay 0.0013% / 1h32m 20s$386K$40K10x
ShortKuCoin BNBUSDTM801.100.0100get 0.0100% / 8h1h 32m$28.0M$10.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$0.84
Price spread: −0.179% → −0.022%
−$15.65
Slippage, 4 orders
−$68.37
Fee Aevo: 8 bp × 2 orders
−$16
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$112.87
Costs to cover
0.964%
Break-even
never at this rate
Slippage from Aevo: live order book, 52 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 52 min ago12.10 bp43.9 bp −$4452.6 bp −$52679.9 bp −$7,995doesn't fit
Sell KuCoin live order book, 2 min ago0.94 bp8.6 bp −$913.9 bp −$13948.9 bp −$4,886doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h801.36−0.147%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h802.04−0.062%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.39+0.356%$3.0M$29.1M10xas long as short
Kalshi KXBNBPERP0.0000%8h802.90+0.045%$158K$2.8M4.8xas long as short
StandX BNB-USD0.0000%1h802.96+0.053%$868K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h801.40−0.141%$9.7M150xas long as short
Variational Omni BNB+0.0041%8h805.56+0.376%$4.1M$5.3Mas long as short
BingX BNB-USDT+0.0067%8h801.48−0.132%$35.0Mas long as short
Bybit BNBUSDT+0.0081%8h801.01−0.190%$139.6M$83.0M75xas long as short
Lighter BNB+0.0096%1h801.99−0.068%$2.8M$4.2M20xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0096%1h801.19−0.168%$610K$1.0M50xas long as short
Nado BNB-PERP+0.0100%1h801.67−0.108%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h801.96−0.072%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h801.20−0.167%$54.9M$117.2M50xas long as short
Arcus BNB-USD+0.0100%1h802.00−0.067%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h801.30−0.154%$35.8M$58.0M75xas long as short
KuCoin BNBUSDTMshort+0.0100%8h801.10−0.179%$28.0M$10.5M75x
Bitget BNBUSDT+0.0100%8h801.25−0.160%$81.0M$26.8M75xas long as short
edgeX BNBUSDC+0.0100%4h805.46+0.364%$4.2M$77.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.51+0.371%$162K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h801.36−0.147%$121K$880K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h801.31−0.153%$387K$592K50xas long as short
Derive BNB-PERP+0.0100%1h801.65−0.111%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h802.03−0.063%$11K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h802.44−0.012%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h802.37−0.021%$78K$19K50xas long as short
Aster BNBUSDT+0.0101%8h801.87−0.083%$6.4M$19.3M200xas long as short
Extended BNB-USD+0.0104%1h801.02−0.188%$1.8M$6.1M50xas long as short
Aevo BNB-PERPlong+0.0104%1h802.54long leg$386K$40K10x
MEXC BNB_USDT+0.0120%8h802.40−0.017%$83.4M$13.8M200xas long as short
Binance BNBUSDT+0.0120%8h801.98−0.069%$517.2M$828.5M75xas long as short
Phemex BNBUSDT+0.0129%8h802.58+0.005%$70.1M$51.7M50xas long as short
Hibachi BNB/USDT-P+0.0144%1h802.60+0.008%$71K$48K12xas long as short
SoDEX BNB-USD+0.0150%1h801.60−0.117%$394K$1.0M10xas long as short
Phoenix BNB+0.0155%1h804.78+0.280%$173K$35K10xas long as short
dYdX BNB-USD+0.0179%1h802.20−0.042%$162K$64K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h801.87−0.083%$1.6M$165K25xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h801.62−0.114%$2.6M$983K50xas long as short
BloFin BNB-USDT+0.0240%8h802.70+0.020%$18.8M$2.6M75xas long as short
Hyperliquid BNB+0.0253%1h802.29−0.031%$51.9M$22.2M10xas long as short
Bulk BNB-USD+0.0295%1h807.66+0.638%$652K$14K10xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09+0.318%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h801.75−0.098%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h801.00−0.191%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h802.24−0.037%$28K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0677%1h803.05+0.064%$3.0M$5.5M40xas long as short