Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h −0.002%

Price spread now: Derive against Aster+0.026%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Derive

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Derive is 0.026% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	787.91	0.0037	pay 0.0037% / 8h	5h 45m	$6.2M	$18.7M	200x
Short	Derive BNB-PERP	788.12	0.0100	get 0.0013% / 1h	45m 43s	$31K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.026%Rate

Funding earned: $13.15
Price spread: +0.026% → 0.000%: $2.63
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: $1.78
Costs to cover: 0.140%
Break-even: 6.1 days

Slippage unknown: Aster: live order book, 3 min ago; Derive: 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 Aster live order book, 3 min ago	1.08 bp	5.2 bp −$5	5.9 bp −$59	19.5 bp −$1,948	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 −0.0167% / S +0.0335%	1h	787.97	+0.007%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.55	+0.081%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.75	+0.106%	$852K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	787.93	+0.001%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.180%	$19K	$789K	30x	as long as short
Aster BNBUSDTlong	+0.0037%	8h	787.91	long leg	$6.2M	$18.7M	200x
Coinbase International BNB-PERP-INTX	+0.0048%	1h	787.61	−0.039%	$617K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0055%	8h	788.22	+0.039%	—	$34.4M	—	as long as short
MEXC BNB_USDT	+0.0071%	8h	788.40	+0.062%	$80.3M	$12.4M	200x	as long as short
Phemex BNBUSDT	+0.0072%	8h	787.99	+0.010%	$69.0M	$51.1M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0072%	8h	788.29	+0.048%	$493.2M	$807.4M	75x	as long as short
Variational Omni BNB	+0.0078%	8h	787.81	−0.013%	$4.1M	$4.7M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	787.42	−0.063%	$2.5M	$1.2M	50x	as long as short
Gate BNB_USDT	+0.0094%	8h	787.90	−0.002%	$35.2M	$56.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.86	−0.007%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.92	+0.001%	$265K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.50	−0.053%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.00	+0.011%	$51.6M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.88	−0.004%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.74	−0.022%	$138.6M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.80	−0.015%	$53.4M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.40	+0.062%	$52K	$130K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.95	+0.004%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.87	−0.006%	$76.8M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.77	−0.018%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.17	+0.160%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.14	+0.155%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.86	−0.007%	$137K	$944K	10x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	788.12	+0.026%	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	788.71	+0.101%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.97	+0.006%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	788.73	+0.103%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.80	−0.015%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.93	+0.002%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.69	+0.098%	$169K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0120%	8h	790.69	+0.352%	$2.9M	$28.1M	10x	as long as short
SoDEX BNB-USD	+0.0138%	1h	787.70	−0.027%	$387K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	788.40	+0.062%	$89K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0191%	8h	788.75	+0.106%	—	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0243%	1h	787.60	−0.040%	$159K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.45	+0.068%	$1.5M	$152K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	788.42	+0.064%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	787.75	−0.021%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.56	+0.082%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0373%	1h	788.05	+0.018%	$638K	$13K	10x	as long as short
Hibachi BNB/USDT-P	+0.0576%	1h	788.46	+0.069%	$67K	$38K	12x	as long as short