Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h −0.010%

Price spread now: Aevo against Aster−0.056%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$710.711% of the position

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now −0.056%, 7d avg −0.071%

Together, before fees+0.050%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	800.61	0.0096	pay 0.0096% / 8h	35m 00s	$6.3M	$19.0M	200x
Short	Aevo BNB-PERP	800.17	0.0104	get 0.0013% / 1h	35m 00s	$384K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.056%Rate

Funding earned: $1.63
Price spread: −0.056% → −0.071%: $1.56
Slippage, 4 orders: −$47.12
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$67.93
Costs to cover: 0.711%
Break-even: 299.6 days

Slippage from Aster: live order book, 4 min ago; Aevo: live order book, 44 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 Aster live order book, 4 min ago	0.13 bp	4.2 bp −$4	6.2 bp −$62	19.7 bp −$1,966	doesn't fit
Sell Aevo live order book, 44 min ago	11.55 bp	24.9 bp −$25	26.8 bp −$268	46.4 bp −$4,638	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 −0.0201% / S +0.0372%	1h	800.20	−0.052%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.76	+0.018%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.99	−0.077%	$2.6M	$968K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	+0.047%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	801.23	+0.077%	$866K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.10	−0.064%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0021%	8h	799.96	−0.082%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0045%	8h	800.04	−0.072%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0052%	8h	799.70	−0.114%	$138.8M	$78.4M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	+0.013%	$607K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	800.28	−0.042%	$2.8M	$4.1M	20x	as long as short
Aster BNBUSDTlong	+0.0096%	8h	800.61	long leg	$6.3M	$19.0M	200x
Nado BNB-PERP	+0.0100%	1h	799.83	−0.098%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.60	−0.002%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.70	−0.114%	$54.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.80	+0.023%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.90	−0.089%	$35.8M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.81	−0.101%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.78	−0.104%	$79.3M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.06	+0.056%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.03	+0.052%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.26	−0.044%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.02	−0.074%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.24	−0.047%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.00	+0.049%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.20	−0.052%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.40	−0.027%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.96	+0.043%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.48	−0.141%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	800.17	−0.056%	$384K	$40K	10x
Phemex BNBUSDT	+0.0113%	8h	800.56	−0.007%	$70.0M	$50.8M	50x	as long as short
Kalshi KXBNBPERP	+0.0116%	8h	801.10	+0.061%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0118%	8h	801.10	+0.061%	$83.2M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0118%	8h	800.64	+0.003%	$500.1M	$816.2M	75x	as long as short
Phoenix BNB	+0.0127%	1h	800.81	+0.024%	$172K	$36K	10x	as long as short
Hyperliquid BNB	+0.0192%	1h	800.72	+0.013%	$51.9M	$21.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.41	−0.026%	$1.6M	$165K	25x	as long as short
Hibachi BNB/USDT-P	+0.0208%	1h	800.60	−0.002%	$70K	$44K	12x	as long as short
BloFin BNB-USDT	+0.0238%	8h	800.74	+0.016%	$18.2M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	800.65	+0.005%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0305%	1h	801.82	+0.151%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.559%	$19K	$789K	30x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	801.08	+0.058%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.71	−0.113%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0408%	1h	800.76	+0.019%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0415%	1h	800.90	+0.036%	$2.7M	$5.7M	40x	as long as short