Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.099%

Price spread now: dYdX against Aster−0.109%49s7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.543% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.492%+$49 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.109%, 7d avg −0.082%

Together, before fees+0.498%+ Points / potential airdropAster: Stage 5 · farm board+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.027% cheaper against Aster than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of −0.082%). If the spread goes back, that is −$3 on $10k: about 32 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.492% in total) that is about 9 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	789.72	0.0029	pay 0.0029% / 8h	6h 06m	$6.2M	$20.0M	200x
Short	dYdX BNB-USD	788.86	0.0096	get 0.0012% / 1h	6m 54s	$159K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.109%Rate

Funding earned: $14.02
Price spread: −0.109% → −0.082%: −$2.65
Slippage, 4 orders: −$36.27
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$42.9
Costs to cover: 0.543%
Break-even: 28.4 days

Slippage from Aster: live order book, 2 min ago; dYdX: live order book, 62 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, 2 min ago	0.82 bp	4.8 bp −$5	5.4 bp −$54	17.3 bp −$1,726	doesn't fit
Sell dYdX live order book, 62 min ago	14.44 bp	25.1 bp −$25	63.4 bp −$634	113.2 bp −$11.3K	148.8 bp −$74.4K

BNB on 45 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	788.92	−0.101%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	789.21	−0.065%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.50	−0.028%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.91	−0.103%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.00	−0.091%	$9.6M	—	150x	as long as short
Aster BNBUSDTlong	+0.0029%	8h	789.72	long leg	$6.2M	$20.0M	200x
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.946%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0049%	8h	789.16	−0.071%	—	$34.7M	—	as long as short
Variational Omni BNB	+0.0050%	8h	788.61	−0.140%	$4.1M	$4.9M	—	as long as short
Gate BNB_USDT	+0.0051%	8h	788.95	−0.098%	$35.1M	$57.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	788.82	−0.114%	$619K	$1.8M	50x	as long as short
Phemex BNBUSDT	+0.0063%	8h	789.64	−0.010%	$69.1M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0064%	8h	789.80	+0.010%	$80.4M	$13.2M	200x	as long as short
Binance BNBUSDT	+0.0065%	8h	789.73	+0.001%	$494.5M	$820.7M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0084%	8h	788.67	−0.133%	$2.9M	$28.5M	10x	as long as short
Phoenix BNB	+0.0088%	1h	788.32	−0.177%	$169K	$36K	10x	as long as short
dYdX BNB-USDshort	+0.0096%	1h	788.86	−0.109%	$159K	$63K	10x
Lighter BNB	+0.0096%	1h	789.37	−0.045%	$2.8M	$4.1M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.01	−0.090%	$381K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.85	−0.110%	$1.5M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.62	−0.013%	$51.7M	$18.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.21	−0.065%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	−0.079%	$138.9M	$79.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.00	−0.091%	$53.5M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.30	−0.053%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.92	−0.101%	$27.8M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.89	−0.105%	$77.7M	$29.9M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.55	−0.149%	$4.1M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.07	−0.209%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.84	−0.111%	$137K	$947K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.17	−0.070%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.54	−0.023%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.22	−0.190%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.65	−0.009%	$77K	$17K	50x	as long as short
SoDEX BNB-USD	+0.0102%	1h	789.20	−0.066%	$388K	$999K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	788.63	−0.138%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.15	−0.073%	$379K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	789.43	−0.037%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0167%	8h	789.50	−0.028%	$92K	$2.9M	4.8x	as long as short
Bulk BNB-USD	+0.0244%	1h	794.01	+0.544%	$643K	$13K	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	789.86	+0.018%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.70	−0.129%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0388%	1h	789.83	+0.014%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	789.64	−0.010%	$1.5M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	788.64	−0.137%	$68K	$39K	12x	as long as short