Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.005%

Price spread now: Arcus against Aster+0.006%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.078%+$8 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.006%, 7d avg +0.015%

Together, before fees+0.078%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	798.85	0.0055	pay 0.0055% / 8h	7h 21m	$6.2M	$19.4M	200x
Short	Arcus BNB-USD	798.90	0.0100	get 0.0013% / 1h	21m 14s	$53K	$133K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.006%Rate

Funding earned: $9.36
Price spread: +0.006% → +0.015%: −$0.97
Slippage, 4 orders: −$16.34
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.45
Costs to cover: 0.288%
Break-even: 22.3 days

Slippage from Aster: live order book, 3 min ago; Arcus: live order book, 52 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, 3 min ago	0.69 bp	4.7 bp −$5	5.4 bp −$54	16.8 bp −$1,683	doesn't fit
Sell Arcus live order book, 52 min ago	6.26 bp	9.5 bp −$9	24.2 bp −$242	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 −0.0159% / S +0.0335%	1h	798.30	−0.070%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.41	−0.056%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.95	+0.012%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0024%	8h	798.59	−0.033%	—	$13.4M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.63	+0.223%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.35	+0.062%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	−0.142%	$4.1M	$5.0M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.24	−0.077%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0009%	8h	798.92	+0.008%	$69.8M	$50.0M	50x	as long as short
Gate BNB_USDT	+0.0010%	8h	798.00	−0.107%	$35.7M	$56.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BNBUSDT	+0.0014%	8h	798.05	−0.101%	$138.6M	$76.3M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.781%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.027%	$615K	$1.1M	50x	as long as short
Aster BNBUSDTlong	+0.0055%	8h	798.85	long leg	$6.2M	$19.4M	200x
Binance BNBUSDT	+0.0077%	8h	798.84	−0.002%	$495.9M	$811.4M	75x	as long as short
MEXC BNB_USDT	+0.0078%	8h	799.20	+0.043%	$83.1M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.55	−0.039%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.035%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.25	−0.076%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.83	−0.004%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.20	−0.082%	$54.1M	$111.0M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	798.90	+0.006%	$53K	$133K	10x
KuCoin BNBUSDTM	+0.0100%	8h	798.23	−0.078%	$27.9M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.77	−0.136%	$78.1M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.04	+0.149%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.98	+0.141%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.35	−0.063%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.26	−0.074%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.39	−0.058%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.94	+0.011%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.50	−0.044%	$393K	$998K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.09	−0.095%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.17	+0.040%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.87	−0.124%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.42	−0.054%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	+0.053%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.55	−0.037%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	799.20	+0.043%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0197%	8h	798.81	−0.006%	$18.0M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.75	−0.013%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.74	−0.014%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0202%	1h	799.08	+0.029%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	799.00	+0.018%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0300%	1h	799.06	+0.026%	$53.1M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.81	−0.131%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0400%	1h	799.37	+0.065%	$2.7M	$5.7M	40x	as long as short