Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Aevo−0.078%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.078%, 7d avg −0.035%

Together, before fees+0.082%+$8 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: OKX is 0.043% cheaper against Aevo than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	789.32	0.0104	pay 0.0013% / 1h	49m 45s	$379K	$110K	10x
Short	OKX BNB-USDT-SWAP	788.70	0.0100	get 0.0100% / 8h	4h 49m	$53.3M	$111.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$0.84
Price spread: −0.078% → −0.035%: −$4.3
Slippage, 4 orders: −$13.11
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$44.25
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Aevo: live order book, 9 min ago; OKX: live order book, 4 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, 9 min ago	2.84 bp	13.5 bp −$14	19.4 bp −$194	23.9 bp −$2,391	doesn't fit
Sell OKX live order book, 4 min ago	0.63 bp	6.9 bp −$7	8.0 bp −$80	20.4 bp −$2,037	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 −0.0183% / S +0.0348%	1h	789.31	−0.002%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.46	+0.145%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.22	+0.114%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.29	−0.003%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.998%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	789.45	+0.017%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0056%	8h	789.02	−0.038%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.167%	$583K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0068%	8h	789.57	+0.032%	$492.6M	$789.3M	75x	as long as short
MEXC BNB_USDT	+0.0068%	8h	789.70	+0.048%	$80.1M	$12.2M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0071%	8h	789.95	+0.080%	$69.1M	$50.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.24	−0.010%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.27	−0.006%	$265K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.75	+0.055%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.60	+0.036%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.23	−0.011%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.63	−0.087%	$138.7M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	788.70	−0.078%	$53.3M	$111.2M	50x
Arcus BNB-USD	+0.0100%	1h	789.10	−0.028%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.00	−0.040%	$35.4M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.06	−0.033%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.56	−0.096%	$76.3M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.49	+0.022%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.11	−0.026%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.98	+0.211%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.67	+0.171%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.42	+0.013%	$133K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.37	+0.007%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.90	+0.074%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.40	+0.010%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.95	+0.080%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.77	+0.057%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.49	−0.104%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	789.32	long leg	$379K	$110K	10x
dYdX BNB-USD	+0.0114%	1h	789.06	−0.033%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	790.37	+0.133%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0138%	8h	791.19	+0.237%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0183%	8h	790.30	+0.124%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0188%	8h	789.97	+0.082%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.82	+0.063%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.06	−0.032%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.294%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.74	+0.053%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.95	−0.046%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.70	+0.048%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	789.84	+0.066%	$67K	$38K	12x	as long as short