Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Aevo+0.062%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$730.732% of the position

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.062%, 7d avg +0.066%

Together, before fees−0.065%−$7 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	804.01	0.0104	pay 0.0013% / 1h	32m 13s	$386K	$40K	10x
Short	SunX BNB-USDT	804.51	0.0100	get 0.0100% / 8h	2h 32m	$13K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$0.84
Price spread: +0.062% → +0.066%: −$0.38
Slippage, 4 orders: −$49.2
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$74.43
Costs to cover: 0.732%
Break-even: never at this rate

Slippage from Aevo: live order book, 56 min ago; SunX: live order book, 3 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, 56 min ago	3.11 bp	14.7 bp −$15	21.1 bp −$211	23.6 bp −$2,355	doesn't fit
Sell SunX live order book, 3 min ago	15.06 bp	23.6 bp −$24	30.5 bp −$305	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	803.75	−0.032%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.26	+0.031%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.90	−0.014%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.50	+0.061%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.92	−0.011%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.81	−0.025%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.94	−0.008%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0051%	8h	802.62	−0.173%	$4.0M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0057%	8h	803.84	−0.021%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0076%	8h	803.30	−0.088%	$139.3M	$82.9M	75x	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	804.19	+0.022%	$609K	$878K	50x	as long as short
Aster BNBUSDT	+0.0089%	8h	804.45	+0.055%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	804.02	+0.002%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.54	−0.058%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.06	+0.006%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.60	−0.051%	$55.1M	$115.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.10	+0.011%	$52K	$164K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	803.60	−0.051%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.59	−0.052%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.45	−0.070%	$79.1M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.01	0.000%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.17	+0.020%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.68	−0.041%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.85	−0.020%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.97	−0.005%	$32K	$5K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	804.51	+0.062%	$13K	$1.7M	50x
HTX BNB-USDT	+0.0100%	8h	803.84	−0.021%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.58	+0.071%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	803.41	−0.074%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	804.01	long leg	$386K	$40K	10x
MEXC BNB_USDT	+0.0105%	8h	804.70	+0.086%	$84.4M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0106%	8h	804.39	+0.047%	$518.8M	$803.0M	75x	as long as short
Phemex BNBUSDT	+0.0124%	8h	804.34	+0.041%	$70.2M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.93	−0.010%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0156%	1h	804.50	+0.061%	$51.7M	$21.3M	10x	as long as short
SoDEX BNB-USD	+0.0160%	1h	803.80	−0.026%	$395K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0194%	1h	803.61	−0.050%	$649K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.31	+0.037%	$1.6M	$165K	25x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.18	+0.021%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0225%	8h	804.46	+0.056%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.98	−0.004%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0268%	1h	804.28	+0.033%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	804.69	+0.084%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.52	−0.061%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.113%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0666%	1h	804.74	+0.091%	$3.0M	$5.4M	40x	as long as short