Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.013%

Price spread now: Coinbase International against Aster−0.074%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 3 days (all we have)−0.123%−$12 · spread now −0.074%, 7d avg −0.098%

Together, before fees−0.154%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.024% dearer against Aster than usual: you sell high and buy low (spread −0.074% now, against its 7-day average of −0.098%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	805.75	0.0098	pay 0.0098% / 8h	2h 13m	$6.4M	$18.8M	200x
Short	Coinbase International BNB-PERP-INTX	805.15	0.0088	get 0.0011% / 1h	13m 12s	$608K	$883K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$2.13
Price spread: −0.074% → −0.098%: $2.36
Slippage, 4 orders: −$8.04
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$25.81
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Coinbase International: live order book, 10 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, 6 min ago	0.37 bp	4.7 bp −$5	5.7 bp −$57	19.3 bp −$1,935	doesn't fit
Sell Coinbase International live order book, 10 min ago	2.42 bp	8.8 bp −$9	15.0 bp −$150	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	804.84	−0.113%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.58	+0.103%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.11	+0.169%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.40	−0.043%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.10	+0.043%	$871K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.85	−0.112%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	805.10	−0.081%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0050%	8h	805.71	−0.004%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0054%	8h	805.09	−0.082%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	804.60	−0.143%	$139.6M	$82.2M	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-INTXshort	+0.0088%	1h	805.15	−0.074%	$608K	$883K	50x
Lighter BNB	+0.0096%	1h	805.10	−0.081%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDTlong	+0.0098%	8h	805.75	long leg	$6.4M	$18.8M	200x
Nado BNB-PERP	+0.0100%	1h	805.35	−0.050%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.93	+0.022%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.70	−0.130%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.10	+0.043%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.85	−0.112%	$36.1M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.94	−0.101%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.37	−0.171%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.79	+0.130%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.36	+0.076%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.13	−0.077%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.91	−0.104%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.11	−0.079%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.69	−0.008%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.32	−0.053%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.39	−0.045%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.31	+0.069%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.53	−0.152%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.06	−0.085%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0114%	8h	805.90	+0.019%	$84.6M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	805.47	−0.034%	$520.6M	$806.6M	75x	as long as short
Phoenix BNB	+0.0125%	1h	806.89	+0.141%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0131%	8h	805.52	−0.029%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0194%	1h	804.90	−0.105%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	805.89	+0.017%	$1.2M	$1.5M	20x	as long as short
Hyperliquid BNB	+0.0214%	1h	805.78	+0.004%	$52.0M	$21.9M	10x	as long as short
Bulk BNB-USD	+0.0217%	1h	806.94	+0.148%	$652K	$11K	10x	as long as short
BloFin BNB-USDT	+0.0235%	8h	805.62	−0.016%	$18.9M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0237%	1h	805.64	−0.013%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	806.29	+0.067%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.70	−0.131%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	806.38	+0.078%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.107%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0651%	1h	807.02	+0.158%	$3.0M	$5.5M	40x	as long as short