Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Paradex against Aevo−0.012%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	787.92	0.0104	pay 0.0013% / 1h	18m 14s	$378K	$110K	10x
Short	Paradex BNB-USD-PERP	787.83	0.0100	get 0.0100% / 8h	7h 18m	$78K	$47K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$0.83
Price spread: −0.012% → 0.000%: −$1.18
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$22.01
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 16 min ago; Paradex: no order-book sample. Net counts fees only.

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, 16 min ago	5.10 bp	14.9 bp −$15	21.3 bp −$213	35.4 bp −$3,541	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0166% / S +0.0336%	1h	787.57	−0.045%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.98	+0.008%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.96	+0.005%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.19	+0.034%	$3.0M	$27.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	788.10	+0.023%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.76	−0.020%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0017%	8h	788.19	+0.035%	$6.0M	$17.8M	200x	as long as short
BingX BNB-USDT	+0.0028%	8h	787.89	−0.004%	—	$22.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.179%	$19K	$789K	30x	as long as short
Binance BNBUSDT	+0.0035%	8h	788.16	+0.031%	$489.4M	$795.0M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0035%	8h	789.30	+0.175%	$82.8M	$12.3M	200x	as long as short
Lighter BNB	+0.0096%	1h	787.77	−0.018%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.35	−0.072%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.12	+0.026%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.81	−0.014%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.65	−0.034%	$138.7M	$71.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.70	−0.028%	$53.5M	$109.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.90	−0.002%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.60	−0.040%	$39.7M	$56.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.47	−0.057%	$27.8M	$9.8M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.60	−0.040%	$75.5M	$32.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.73	−0.024%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.84	−0.011%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.90	−0.003%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.71	−0.026%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.39	−0.067%	$132K	$917K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.94	+0.003%	$265K	$357K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.27	−0.464%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.16	+0.030%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.10	+0.023%	$388K	$939K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.75	−0.022%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0100%	8h	787.83	−0.012%	$78K	$47K	50x
Extended BNB-USD	+0.0104%	1h	787.56	−0.046%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	787.92	long leg	$378K	$110K	10x
Kalshi KXBNBPERP	+0.0107%	8h	787.90	−0.002%	$158K	$2.6M	4.8x	as long as short
Phemex BNBUSDT	+0.0112%	8h	788.53	+0.078%	$68.6M	$51.3M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.14	−0.099%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	787.62	−0.038%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0141%	8h	787.98	+0.008%	$17.8M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0154%	1h	788.26	+0.043%	$639K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.38	+0.058%	$1.5M	$141K	25x	as long as short
dYdX BNB-USD	+0.0207%	1h	787.48	−0.055%	$158K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	788.33	+0.052%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	787.32	−0.076%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	787.98	+0.008%	$1.1M	$886K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	787.80	−0.015%	$67K	$39K	12x	as long as short